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Labour's big housing announcements

NZ NewswireNZ Newswire 10/07/2016

LABOUR'S BIG HOUSING ANNOUNCEMENTS

MORE AFFORDABLE HOUSES

* Establish a new Affordable Housing Authority - an urban development authority - to fast-track housing developments

* The authority will partner with the private sector, councils and iwi to undertake major development projects

* It will be the main driving force for build 100,000 affordable homes as part of the KiwiBuild programme - 50 per cent of the homes will be in Auckland

CRACK DOWN ON SPECULATORS

* Extend the bright line test from the current two years to five years - targets speculators who buy houses with the aim of making a quick capital gain

* Current exclusions from the bright line test will continue

MAKE HOUSING NZ A PUBLIC SERVICE

* Stop selling off state houses

* Instead of paying a dividend to the government, Housing NZ will use that money to fix up existing state houses and build new ones - similar to a policy earlier announced by the Greens

* Greater focus on the needs of tenants - bring back frontline staff

* Rather than being a corporation, Housing NZ would become a ministry. Policy and housing assessment would be carried out by Housing NZ, rather than MBIE and MSD respectively

MORE EMERGENCY HOUSING

* Extra $60m in funding over four years for emergency housing

* That will provide 1400 new beds - enough to help an extra 5100 people a year

* Help with access to essential wraparound services and support the work of emergency housing providers

* Labour says this new supply of emergency housing will be enough, over time, to support the homeless population into permanent housing.

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