The Housing Minister says change is well and truly afoot at Kainga Ora as a critical independent review finds it's under-performing.

The inquiry's also found the public housing agency needs significant savings to become financially viable.

Chris Bishop has ruled out a mass sale of state homes, but indicated a total refresh of the board.

He told Mike Hosking that Kainga Ora's debt levels simply aren't sustainable.

Kainga Ora is a $45 billion enterprise for delivering Kiwis state-housing, he said, and it’s done a terrible job.

Bishop says the responsibility sits with the previous board and the Labour Government who allowed it to increase debt by $10 billion.

He said that it sat around $2 billion in 2018 and is forecast to hit $23 billion in 2028.

LISTEN ABOVE

The Housing Minister says change is well and truly afoot at Kainga Ora as a critical independent review finds it's under-performing. 
The inquiry's also found the public housing agency needs significant savings to become financially viable. 
Chris Bishop has ruled out a mass sale of state homes, but indicated a total refresh of the board. 
He told Mike Hosking that Kainga Ora's debt levels simply aren't sustainable. 
Kainga Ora is a $45 billion enterprise for delivering Kiwis state-housing, he said, and it’s done a terrible job. 
Bishop says the responsibility sits with the previous board and the Labour Government who allowed it to increase debt by $10 billion. 
He said that it sat around $2 billion in 2018 and is forecast to hit $23 billion in 2028. 
LISTEN ABOVE

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Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...