Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


$100M Hidden Cost Of Housing Policy Revealed

$100 Million Hidden Cost Of Government Housing Policy Revealed

The hidden cost of the Government’s income related rent policy for state housing tenants has today been put at between $80 and $100 million each year, a cost that will be borne by taxpayers.

In answer to questions from ACT Housing Spokesman Dr Muriel Newman, Housing New Zealand Chairman, Mike Cashin today told a Parliamentary Select Committee that as well as affecting Housing New Zealand’s credit rating and financial position, Housing New Zealand will need to be compensated for the loss of income from removing market rents.

“The cost of that compensation, using section 7 of the State Owned Enterprises Act, is being put at between $80 and $100 million each year. That money will come out of the pockets of hardworking taxpayers. The Government won’t even know the exact figure that taxpayers will have to fork out until its policy is signed off by Cabinet.

“Labour has concealed this massive burden from New Zealanders, just as they have concealed the unfairness of the whole policy. The income related rent policy makes those low income families lucky enough to live in state houses the winners, and those low income families who cannot get into a state house, the losers.

“In the 1980’s income related rents saw thousands of low income families on waiting lists for state houses. Housing New Zealand today agreed that they were expecting the same problems to arise again once Labour’s policy is in place.

“Why are Labour intent on disadvantaging the majority of low income families while giving special treatment to those in state houses?

“Low income families deserve a fair policy that treats everyone equally whether in private or public housing and gives them support on that basis,” said Muriel Newman.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels