Sharechat Logo

Government to 'put the state back into state housing', review tenancy act, Twyford says

Friday 1st December 2017

Text too small?

The government is planning "the biggest overhaul of housing policy since the time of the first Labour government"  by building 100,000 new houses, re-inventing state housing and reviewing the Residential Tenancies Act to give tenants more security, says Housing and Urban Development Minister Phil Twyford.

According to notes from a speech in Auckland this morning, Twyford said the government would "put the state back into state housing". It will reinvest Housing New Zealand surpluses into building new homes and upgrading existing ones, stop "the mass sell-off of state housing", and work to build relationships with state housing tenants including allowing them to own pets. The government will also work closely with community housing providers to grow the sector, he said.

Twyford reiterated the government's commitment to build 100,000 affordable homes for first home buyers, with half of those in Auckland. The government will set up a national urban development authority called the Housing Commission which will plan construction of communities with a mix of state housing, Kiwibuild homes and open market homes, he said.

A review of the Residential Tenancies Act will begin next year, "to deliver more security of tenure for renters. Because well over a third of us renting these days we cannot continue with the current outdated law," the minister said.

Twyford said he has been inspired by the first Labour government, which launched the state housing programme and introduced regulation on housing standards and rent increases. The government has recognised the country has a crisis, and will be "bold and broad" in response, he said. 

(BusinessDesk)

NOTE: please be advised to read full articles from Business Desk Website, you will have to pay a subscription fee on their website.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

A2 Milk boss steps down, shares fall 7.7%
NZX says operating earnings will reach top of guidance
NZ dollar consolidates weekly gain of more than a US cent
NZ dollar holds gains on improved dairy, bank capital outlook
MARKET CLOSE: NZ shares gain; banks rally on Reserve Bank capital decision
NZ dollar rises; bank capital rules less harsh than expected
RBNZ relaxes capital requirements, allows preference shares, extends phase-in
NZ dollar extends gain amid mixed US data, possible trade progress
MARKET CLOSE: NZ shares dip on eve of major regulatory decisions
NZ dollar sees off global headwinds, holds above 65 US cents

IRG See IRG research reports