The New Zealand government is urging the Reserve Bank of New Zealand (RBNZ) to reevaluate its regulations that may hinder community housing providers from obtaining financing at competitive rates.

Housing Minister Chris Bishop stressed the importance of the RBNZ exploring options for reviewing standardized risk weights, which could improve funding access for these providers.

The Minister of Finance is expected to provide a clear directive prioritizing the treatment of community housing providers in this review process. This initiative aims to enhance financial conditions for community housing, potentially resulting in improved housing solutions throughout New Zealand.