Chris Bishop: Housing Minister on the changes coming to Kainga Ora as a review finds it's underperforming
The Housing Minister says change is well and truly afoot at Kainga Ora as a critical independent review finds it's under-performing. The inquiry's also found the public housing agency needs significant savings to become financially viable. Chris Bishop has ruled out a mass sale of state homes, but indicated a total refresh of the board. He told Mike Hosking that Kainga Ora's debt levels simply aren't sustainable. Kainga Ora is a $45 billion enterprise for delivering Kiwis state-housing, he said, and it’s done a terrible job. Bishop says the responsibility sits with the previous board and the Labour Government who allowed it to increase debt by $10 billion. He said that it sat around $2 billion in 2018 and is forecast to hit $23 billion in 2028. LISTEN ABOVE See omnystudio.com/listener for privacy information.