Labour to recycle housing funds 25 times in a decade

Mon, 11 Jul 2016

By Pattrick Smellie July 11 (BusinessDesk) - The Labour Party expects to recycle the funds employed in its mass affordable home-building scheme up to 25 times within a decade to achieve its goal of building 100,000 new homes while committing just $2 billion to achieving that goal. Economic Development Minister Steven Joyce sought today to ridicule the scheme, details of which were announced over the weekend at Labour's centenary celebrations, saying the plan was "simply fanciful" because the $2 billion revolving fund to build the homes wo...

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