I’ll see your $1b, and I’ll raise you a $2b Affordable Housing Authority

Reshuffle? Got to try something, I suppose

$1b?  How about 2?

Labour’s $2 billion master plan to sort out the housing crisis involves building 100,000 affordable homes.

They have unveiled plans for an Affordable Housing Authority, which they say will deliver the homes over 10 years for first home buyers.

The authority will be an independent Crown entity designed to fast-track the planning process and embark on “large-scale housing developments”, the party says.

During the announcement, Labour leader Andrew Little said the Government “has completely failed on housing”, and suggested National would have to get out of power before anything changed.

“When you don’t have enough houses, you bloody well build some more,” Little said, “and that’s what we’re going to do.”

He said while the homes “won’t be palaces”, they will be “modern, warm and affordable.”

Fifty-thousand of the homes will be built in Auckland, and first home buyers will have to keep them for five years or return any capital gain to the Government.

Labour’s rejigged KiwiBuild programme involves:

  • 100,000 homes over ten years – 50,000 in Auckland, 50,000 elsewhere
  • Auckland stand-alone homes will cost $500,000-600,000
  • Auckland apartments and townhouses will cost under $500,000
  • Outside of Auckland, homes will cost $300,000-500,000
  • $2 billion taxpayer injection, to be paid back when the houses are sold

I’m not even going to waste my time pulling this apart.  All I have to tell you is NZPower and KiwiRail are doing great.  You know, because Government is better at everything.

 

– Patrick Gower, Newshub


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