Andrew Little announces second tranche of Labour's Housing policy; plans to build add net extra 1,000 state houses each year; return housing assessment to Housing NZ from WINZ; Housing would stop paying dividends; use funds to build houses instead

By Bernard Hickey

Labour Leader Andrew Little has announced the second part of his party’s election housing policy, saying a Labour Government would build an extra 1,000 net new state houses each year, funded at least partly by Housing NZ Corp not paying a dividend.

The assessment staff that had been moved out of Housing NZ and into Work and Income NZ (WINZ) under the current Government would also be moved back into Housing NZ, Little told The Nation in an interview on Saturday.

Housing New Zealand paid a dividend of NZ$108 million in 2014/15 and an extra 1,000 houses a year would cost NZ$350 million per year.

Labour announced on Thursday it would provide an extra NZ$60 million over four years to fund the provision of an extra 1,400 extra places for homeless people in emergency housing provided by Non-Government Organsiations. See our article here.

Labour is expected to announce the centrepiece of its Housing policy on Sunday, when it expected to give more detail on its Kiwibuild policy of building 100,000 affordable houses over 10 years for resale to first home buyers, its policy on taxation of rental property investors, and its policy of banning non-residents from buying existing homes.

Little told The Nation that the affordable houses would cost around NZ$400,000 to NZ$500,000.

More soon.