​Labour coalition Government announces housing platform

In the Labour-Greens confidence and supply agreement, reported here by the Herald, there is a promise to deliver innovative home ownership models within the state and a broader community housing programme.

“A rent-to-own scheme or similar progressive ownership models will be developed as part of Labour’s KiwiBuild programme.”

New Zealand First and Labour agreed to ban foreigners from buying existing homes, strengthen the Overseas Investment Act and set-up a comprehensive register of foreign-owned land and housing.

Winston Peters said: “I got pretty close” to the measures wanted by NZ First.

“The reality is there is going to be a change and a clear signal set internationally that New Zealand is no longer for sale in the way that it has been. And we are happy with that.”

The Labour-NZ First agreement announced that a Housing Commission will be established.

The labour/green and NZ First agreements can be found here.

They aim to end energy poverty in New Zealand and ensure that every New Zealander has a warm, dry, secure home, whether they rent or own. A budget provision will be made to substantially increase the number of homes insulated.

A Rent to Own scheme or similar progressive ownership models will be developed as part of Labour’s Kiwibuild programme.

Here is the Ministerial portfolio list:

Ministerial List for 26 October FINAL copy.pdf