How will giving away Housing NZ create more houses?
Answer
The only thing holding back the expansion of community housing providers under the current model is lack of equity. With the Housing NZ stock in their possession they would have land and the equity they need to develop it further. They would be able to do this far quicker than Housing NZ. Instead of selling houses as Housing NZ are doing we would expect the community housing sector to develop a mixed portfolio of rentals – including affordable market priced rentals.
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