Housing NZ will be required to be a “fair and reasonable” landlord under new legislation signed off by Cabinet.
It will also no longer be required to return a surplus to the Government, and the word ‘corporation’ will be removed from Housing NZ’s name.
Housing Minister Phil Twyford says the changes will embed “strengthen Housing New Zealand’s social mandate.”
“Housing NZ is a very different organisation under the helm of chief executive Andrew McKenzie and under our Government,” Mr Twyford says.
“It is already offering pastoral care to help tenants stay in their homes, allowing tenants to have pets, and treating drug addiction as a health issue.”
A paper presented to the social wellbeing committee says under the Crown Entities Act 2004, the Minister of Finance will still have the power to require a surplus be returned. “However, the default will be that Housing New Zealand will retain any surplus funds,” it reads.
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