The Government’s state housing agency is set to run out of money by February, ministers have been warned.
Housing New Zealand has also told Finance Minister Bill English that it will have no cash for developments or to maintain houses past 2017/18.
That has prompted Labour’s housing spokesman Phil Twyford to accuse the Government of running the housing corporation into the ground.
“English has taken Housing New Zealand to the brink of financial ruin while at the same time publicly musing about getting it to build 30,000 extra state houses,” Twyford said.
So after all the privatisation and selling off of State Homes, Housing NZ don’t have any money past February of next year.
All this Government can build are tax havens.
If it was Labour in power and they had screwed up so badly that Housing NZ was in danger of running out of cash, every editorial in the country would be demanding their resignation, National do it and it’s just business as usual.
What a nation.