Bennett sees first state house sales to community providers coming in 2016

Wed, 03 Jun 2015

By Paul McBeth June 3 (BusinessDesk) - Social Housing Minister Paula Bennett doesn't expect to complete any state house sales to community providers until next year, and says they won't be sold at book value, which she calls an "accountancy fallacy". The government planned to sell between 1,000 and 2,000 state houses this year and as many as 8,000 over three years to registered community housing providers as part of plans to overhaul Housing New Zealand's stock of 65,000 homes it says aren't suited to the needs of tenants. Bennett told...

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