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

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news