Latest / The Kākā by Bernard Hickey
House-builders in limbo for longer while Govt focuses on paying for tax cuts
TL;DR: The Government released the long-awaited Bill English-led review of Kāinga Ora yesterday, but delayed key decisions on its build plan and how to help community housing providers (CHPs) build or buy homes with capital grants, house transfers rent subsidies until next year.
That leaves the building sector, developers and social housing providers in limbo for longer, and further delays the desperately needed increase in housing supply to deal with the extra 220,000 people living in Aotearoa in the last two years. Building consents per 1,000 residents have fallen by a third to 6.7 over the…
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