More holes in Twyford’s KiwiBuild numbers

The Government today revealed another gaping hole in its funding for Kiwibuild, with no provision being made for potential issues arising from improper building work in new developments, National Housing and Urban Development Spokesperson Judith Collins says.

“Phil Twyford has said the Government will share the risk of the new developments, but hasn’t taken into account any of the risks coming from defects and improper building work that will arise across the 100,000 houses,” Mrs Collins says.

“Mr Twyford incorrectly claimed there is no warranty for newly built houses – it seems he is unaware that under law all residential building work must automatically be covered by a 10-year warranty.

“This is a potentially significant extra cost in what is an already tight budget.

“The Government has set aside $2 billion to fund its 100,000 KiwiBuild houses. That figure was already unrealistic, with the funding needing to be recycled 25 times within 10 years to reach the target.

“It is now even more problematic given the Government will need to set aside a not-insignificant amount cover their bill for any potential defects and improper building work across the 100,000 houses.”

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