“Treasury are handling the sale process and have advised the Government that if a community housing provider ‘were to become financially distressed this could present risks to ongoing tenancies and fiscal risks to the Crown’.
“These houses could end up in private hands, with the taxpayer left footing the bill.
“The Prime Minister vaguely says community housing providers will be bound by contract not to on-sell the houses without the Government’s permission. That’s not worth the paper it is written on.
Read the full Labour Party press release here.
The Labour Party is trying to crowd fund enough money to run a full page ad in a Nationwide newspaper, to show John Key – and people across New Zealand – the level of opposition to his state house sell off.
See the Facebook post here.