Govt announces Auckland house-building blitz, $1.1B bond issue

Tue, 16 May 2017

By Pattrick Smellie May 16 (BusinessDesk) - The Crown-owned housing agency, Housing New Zealand, will build a net 17,207 new affordable homes over the next decade in the government's biggest new state housing announcement in more than eight years in government. Social Housing Minister Amy Adams took over the portfolio from Nick Smith this month and said it represented “construction on a scale not seen since the 1950s.” The programme represents a direct political as well as policy response both to the government’s growing vulnerability...

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