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flag Kāinga Ora is delivering more homes, cutting costs, and improving conditions in New Zealand’s social housing, with major progress in 2024/25.

flag Kāinga Ora’s 2025 turnaround plan is improving New Zealand’s social housing sector, with debt projected to peak at $19.5 billion by 2029/30—$9.5 billion below earlier estimates. flag The agency achieved $211 million in operating savings, far exceeding its $41 million target, and reduced build costs to $3,290 per square metre. flag In 2024/25, it delivered 3,456 new homes and 874 upgrades, adding 2,564 net homes—above its target. flag Tenancy satisfaction rose to 87%, safety perceptions to 90%, vacancy rates dropped from 5% to 2%, and rental arrears fell sharply. flag The government is also funding over 2,000 new homes through Community Housing Providers by 2027.

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