KiwiBuild houses not so affordable

Gisborne could miss out on its share of 100,000 “affordable” KiwiBuild homes despite the district suffering from a housing shortage.

A Cabinet paper released to Newshub under the Official Information Act also indicates the Government will struggle to deliver houses more affordable than what is already available in Gisborne.

Introduced by the Labour-led Government, the KiwiBuild programme aims to deliver 100,000 affordable homes to first home buyers over the next 10 years.

The paper shows where the homes should be located in New Zealand by looking at an estimated shortfall of homes built in each region from 2006 to 2017.

If the homes are delivered in proportion to each region’s needs, as the paper suggests, then 1010 dwellings will be built in Gisborne. But the paper says the delivery of homes will not solely be based on demand.

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Source: The Gisborne Herald