Plans for Wellington s $400m social housing shortfall delayed until after Budget Day
11 May, 2021 05:00 PM
4 minutes to read
City Housing will be insolvent by June 2023 if nothing changes. Photo / Mark Mitchell
Wellington issues reporter, NZ Heraldgeorgina.campbell@nzme.co.nz
Wellington City Council has delayed publicising options to plug its social housing arm s $400 million shortfall until after the Government has announced Budget 2021.
City Housing, which has 1927 properties and 3500 tenants, is forecast to be insolvent by June 2023.
The council is discussing options with the Government including immediate access to the Income Related Rent Subsidy (IRRS) scheme, establishing a community housing provider, and funding capital costs through the Crown s Infrastructure Funding and Financing tool.
A Capital Letter: Wellington council social housing arm will be insolvent by 2023
27 Apr, 2021 05:00 PM
5 minutes to read
Wellington City. Photo / Mark Mitchell
OPINION:
Senior Wellington journalist Georgina Campbell s fortnightly column looks closely at issues in the capital. Wellington City Council s social housing arm will be insolvent by June 2023 if nothing changes- a reality that calls into question whether the council should be a provider at all.
The council has 1927 properties across the city, housing about 3500 tenants. It is one of the largest social housing providers in New Zealand and it s in trouble.
City Housing s annual operating deficit is forecast to be $8.7 million in the first year of the council s draft Long Term Plan and is set to increase further over the ensuing decade.
Friday, 23 April 2021, 11:55 am
Much has been written about the reasons contributing to
the crisis in housing affordability in New Zealand and its
immediate and longer term consequences. This paper draws on
research and commentary about how we got here and what can
be done to help people in Aotearoa New Zeaand have a decent
home, whether through owning it or renting/leasing
it.
“There is no easy or quick fix to New
Zealand’s over-valued housing market. Whether house prices
spiral up or down, the impacts of the necessary policy
solutions will not be seen immediately. Not one single
change will be enough. The solutions need to be a
Article – Closing The Gap Much has been written about the reasons contributing to the crisis in housing affordability in New Zealand and its immediate and longer term consequences. This paper draws on research and commentary about how we got here and what can be done to help people …
Much has been written about the reasons contributing to the crisis in housing affordability in New Zealand and its immediate and longer term consequences. This paper draws on research and commentary about how we got here and what can be done to help people in Aotearoa New Zeaand have a decent home, whether through owning it or renting/leasing it.
OPINION: Across the political spectrum, there are varying views on the role of local government in housing – from exercising its regulatory function in the provision of infrastructure and the zoning of land for development, through to leadership in housing provision at a localised level. The Local Government Act 2002 does not explicitly set out a role with regard to housing, however section 10 identifies the purpose of local government is “to promote the social, economic, environmental, and cultural well-being of communities in the present and for the future”. In a rapidly changing policy space, what is the evolving role of local councils in regard to housing?