Finance Minister Bill English is signalling a ramp-up of Government intervention in Auckland’s private sector housing market.
(ed:..and of course this undermines what would have been the main policy-plank for labour at the next election..
..maybe labour will now have to focus on something else..?..maybe dealing a killer-blow to poverty might be the go..eh..?..)
‘The Government will be a provider for the next 10 years of significant numbers of medium-density medium-priced housing into the Auckland market’ he told the Herald in an interview.
‘Over the next six months you’ll also see a growing understanding of the size of the Government building programme and that will have an effect on the market’.
He said Auckland’s new Unitary Plan allowed Housing New Zealand to increase the number of houses it could have on its land from up to 30,000 previously to 69,000 under the new plan.
‘And we are going to do it’.
That would include the renewal of social housing stock where that was required ‘but it will generate an extra 30,000 houses’.