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On 1 October 2019 Kāinga Ora was formed by the merger of Housing New Zealand with its development subsidiary Homes, Land, Community (HLC) and the KiwiBuild Unit from the Ministry of Housing. Kāinga Ora is a large and important Crown entity, with assets of $45 billion and over $2.5 billion of expenditure each year.
State housing is a system of public housing in New Zealand, offering low-cost rental housing to residents on low to moderate incomes. Some 69,000 state houses are managed by Kāinga Ora – Homes and Communities , [ 1 ] most of which are owned by the Crown .
The Ministry of Housing was established in 1991 by the Fourth National Government as a policy advice agency alongside Housing New Zealand Corporation, which managed the state housing portfolio. [1] The Ministry of Social Policy, later the Ministry of Social Development (MSD), gained a housing policy role in the late 1990s. [1]
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It is the New Zealand government’s primary advisor on housing and urban development, providing advice on policy and legislation, collecting and sharing data and insights to inform decisions, funding a range of programmes to deliver more housing and urban development where it is most needed, regulating community housing providers and ...
This is the lowest rate of home ownership since 1951. This is partly due to the increase in New Zealand house prices which since 1990 have increased faster than any other OECD country. [56] Housing in New Zealand has been classified as 'severely unaffordable' with a score of 6.5 under the median measure housing affordability measure. [57]
KiwiBuild logo. KiwiBuild was a real estate development scheme pursued by the Sixth Labour Government of New Zealand.It began in 2018, with the aim of building 100,000 homes by 2028 to increase housing affordability in New Zealand.
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.