New Zealand's Kāinga Ora plans to cut debt and build social housing, but critics fear it will increase homelessness.

New Zealand's housing agency Kāinga Ora has unveiled a turnaround plan to improve financial sustainability and focus on building social housing. The plan aims to reduce debt by $1.8 billion and cut deficits by $190 million in the current financial year and $354 million by 2027/28. It involves building 1,500 new homes and retrofitting 400 existing ones, offset by the sale of 800 properties and demolition of 700. Critics, including the Labour and Green parties, argue the plan will lead to more homelessness and fail to address the housing crisis adequately.

2 months ago
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