$300m of 'political restrictions' stymie Tauranga housing

$300m of 'political restrictions' stymie Tauranga housing
The Tauranga social housing contract: perhaps it could be simpler next time. (Image: BusinessDesk)
Nikitin Sallee
Lazy capital valued at $305 million sits idle while much-needed housing is not built in Tauranga.That picture emerges from the 2017 sale of 1,138 state houses and their tenancies to Accessible Properties, a subsidiary of the IHC charity.The minister in charge of that sale, Bill English, told BusinessDesk that rewriting a key element of the contract with Accessible is “the single most effective thing that government can do to enhance social housing in Tauranga”.English came to that conclusion as a sidebar to his Kāinga Ora revie...

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