The Green Party has launched a policy aiming to eliminate the oversubscribed social housing waiting list within five years, reports Interest. Effectively, they want to greatly extend the borrowing limit for social housing agency Kainga Ora, so that it can ramp up the number of houses built each year. The social housing waitlist has been hitting new highs with numbing regularity over the last few years, even as more houses get built. The party’s wider housing policy also includes significant new protections for tenants, reports Newsroom.
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Greens turn focus to housing crisis
The Green Party has launched a policy aiming to eliminate the oversubscribed social housing waiting list within five years
In its third major policy announcement, the Green Party has revealed a suite of plans to subsidise community-provided rental housing and boost the state housing build programme, Marc Daalder, Newsroom reports:
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Greens will allow Kāinga Ora to borrow $5 billion more to build 5000 homes a year and clear the social housing list within five years
The Green Party has launched a major housing policy, which would see the state housing provider borrowing more, and ramped up house building.
The party says it would extend Kāinga Ora’s borrowing limit from $7.1 billion to $12 billion over the next five years to allow it to scale up the Crown build programme to 5000 new homes a year.
It says the borrowing would be accounted for on Kāinga Ora’s balance sheet, not as core Crown debt. David Hargreaves from Interest reports.