Chris Bishop: Housing Minister on the multi-year shake up planned for Kāinga Ora after new review

from Best of Business · host Newstalk ZB

The Housing Minister has responded to the 'mismanagement' impacting Kāinga Ora - and enacted some changes. A high-level review of the agency has revealed it's under-performing and isn't financially viable without significant savings. The Government has today appointed a new Chair, former Spark CEO Simon Moutter, and a refreshed board will be in place by July. Minister Chris Bishop says the Government's been bequeathed a difficult situation from their Labour-led predecessors. "Kāinga Ora is a financial basket case, they have received billions upon billions of dollars in debt over the last few years." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on May 20, 2024.

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