Social Services Committee 2013/14 annual review of Housing New Zealand Corporation

Mar 25, 2015 | Reports & Articles

Of note is the Corporation’s reported $575 million to invest, including $320 million of insurance payments from earthquake claims. The Corporation estimates home costs, in addition to the cost of land, are about $300,000 for a two-bedroom home and $400,000-$500,000 for a three- or four-bedroom home. These costs seem high in comparison to what CHOs have delivered through the Social Housing Fund, where the average Crown capital investment from the Crown was about $160,000 per home including land with an average bedroom count of 2.7 per home.

The full report can be found here.

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