Photo: SuppliedThe Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. As a way to encourage developers to work with the government to build Kiwibuild homes, the Crown provides an underwrite. Kiwibuild would not disclose the price for the seven houses, saying it was commercially sensitive. A Kiwibuild spokesperson said the programme should be looked at in its entirety, for example strong sales in Tauranga. But he said the whole Mike Greer development, with 104 houses in total, won't be affected by the underwrite trigger, and will proceed.

Source: Otago Daily Times May 20, 2019 18:33 UTC