Plans for Wellington s $400m social housing shortfall delayed until after Budget Day
11 May, 2021 05:00 PM
4 minutes to read
City Housing will be insolvent by June 2023 if nothing changes. Photo / Mark Mitchell
Wellington issues reporter, NZ Heraldgeorgina.campbell@nzme.co.nz
Wellington City Council has delayed publicising options to plug its social housing arm s $400 million shortfall until after the Government has announced Budget 2021.
City Housing, which has 1927 properties and 3500 tenants, is forecast to be insolvent by June 2023.
The council is discussing options with the Government including immediate access to the Income Related Rent Subsidy (IRRS) scheme, establishing a community housing provider, and funding capital costs through the Crown s Infrastructure Funding and Financing tool.
THE DETAIL/RNZ
One of the effects is sending investors out of the market which reduces supply and “actually makes the problem worse rather than makes it better,” Brad Olsen tells Emile Donovan in today’s Detail episode.
EXPLAINER: If you are a tenant, or looking for a rental, the idea of a Government-enforced cap on how much your rent can rise probably sounds like a great idea. If you’re a landlord, it might well sound like the worst idea you have ever heard. But some landlords, who have just been hit by that suite of changes, designed to help first home buyers, say they will be forced out of the market if rents can t change. And many economists say that most forms of rent control are actually self-defeating.
Press Release – New Zealand National Party First-home buyers and taxpayers deserve answers from Housing Minister Megan Woods after the Governments latest KiwiBuild disaster left them in the lurch, Nationals Housing spokesperson Nicola Willis says. Ormiston Rise going into receivership …
First-home buyers and taxpayers deserve answers from Housing Minister Megan Woods after the Government’s latest KiwiBuild disaster left them in the lurch, National’s Housing spokesperson Nicola Willis says.
“Ormiston Rise going into receivership is a devastating blow for those first-home buyers who should have been months from moving into their completed home.
“The letter they received out of the blue on Friday night didn’t provide the answers they need. It did little more than inform them about the developer going into receivership and suggest they should contact their lawyers.
Beehive Diaries: the PM s wedding date strategy and Grant Robertson gets a new job nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Minister Megan Woods and Māori caucus push back on claims of rift over Māori housing
4 May, 2021 12:24 AM
3 minutes to read
Minister Megan Woods during a press conference on her way into the House , Parliament, Wellington. Photo / Mark Mitchell
Minister Megan Woods during a press conference on her way into the House , Parliament, Wellington. Photo / Mark Mitchell
Jason Walls is a political reporter for the New Zealand Heraldjason.walls@nzme.co.nz@Jasonwalls92
Housing Minister Megan Woods is pushing back against claims that she and Labour s Māori caucus members had a spat over the level of funding for Māori housing.