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Govt puts extra $24m into social housing

NZ Newswire logoNZ Newswire 6/09/2016

The government is giving an extra $24 million to Auckland community housing providers as home prices continue to soar in the city.

As the average Auckland house price topped $1m on Tuesday, Social Housing Minister Paula Bennett said social housing providers were struggling with the same problem as everyone else.

"We know the property market is extremely tight in Auckland at present, and it is no different for those organisations helping to house our most vulnerable citizens," she said.

The funding is a top-up to the $120m in the 2016 budget for Auckland social housing.

"We need more one- and two-bedroom and large social houses and that is what we are targeting with this extra funding," Ms Bennett said.

The $24.4m will allow Community Housing Providers to take out grants of up to 50 per cent for the development of new social homes and will also give them an extra weekly payout on top of current subsidies for rent.

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