Social Development prices social housing liability at $16.4B, sees increase

Wed, 28 Jun 2017

By Sophie Boot June 28 (BusinessDesk) - The Ministry of Social Development has released its first valuation of the social housing system, part of the government's "social investment" approach to data collection and analysis. The valuation, which covers users of social housing from July 2014 to June 2015, is the first of its kind. It found that the lifetime housing cost of adults in social housing or on the social housing register was $16.4 billion, with roughly 85 percent of the cost relating to future income-related rent subsidy (IRRS) p...

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