Kāinga Ora's retrofit plan hits $1 billion

Kāinga Ora has 72,000 properties and 185,000 tenants. (Image: BusinessDesk)

Tue, 16 Jan 2024

Government housing agency Kāinga Ora will spend more than $1 billion upgrading almost 2,700 homes by the end of 2024, a bumper year for a retrofit programme that kicked off with 69 homes in 2019.This year will represent the biggest capital expenditure in the housing agency’s history, with 820 homes set for facelifts at a cost of $323 million. To date, the programme has absorbed $690m on modernising 1,879 houses, installing new kitchens, bathrooms, insulation and double glazing.That represents 2.6%, or about 4,810 tenants across a 72,000 p...

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