'No longer make sense': Kāinga Ora scraps 212 projects, faces $180m loss for halted plans

National Cancels 3500 Builds As Homelessness Rises

“Not only has the Government failed to deliver on Nicola Willis’ election promise of 1000 new homes in Auckland, but it has also canned 1527 units in Auckland alone."

Kāinga Ora halts hundreds of housing developments, sells vacant land

The chief executive said its "critical step" in its reset plan would see it write down up to $220 million.

'No longer make sense': Kāinga Ora scraps 212 projects, faces $180m loss for halted plans

Kāinga Ora is axing hundreds of social housing projects because they “no longer represent value for money”. The state housing agency concedes that canning...

Kāinga Ora cancels planned homes and sells off surplus land in 'major financial reset' - Daily Telegraph NZ

State housing agency Kāinga Ora is scrapping 212 housing projects that would have delivered nearly 3,500 homes and selling off 36 hectares of vacant land as part of a “financial reset” ordered by Housing Minister Chris Bishop. The agency’s CEO Matt Crockett said the reset, which includes writing down up to $220 million, aims to refocus Kāinga Ora as a landlord rather than a developer. The decision followed a review of over 460 projects, with tho…