Housing NZ running out of cash, officials warn GovernmentDAVID WHITE/FAIRFAX NZ Finance Minister Bill English has admitted Housing NZ will need more money to fund its building programme. It also calls into question previous claims by ministers that Housing NZ had enough cash to ramp up its building work around the country. MARTIN DE RUYTER/FAIRFAX NZ The Government's plans to build thousands more houses on Housing NZ land are being threatened by the agency's lack of capital. CHARLOTTE CURD/FAIRFAX NZ Labour housing spokesman Phil Twyford says the Government has turned Housing NZ into a cash cow. HOUSING NZ NOT GOING BROKE - ENGLISHEnglish said claims that Housing NZ was "going broke" were wrong and had caused distress to staff at the agency.

Source: Stuff October 12, 2016 23:04 UTC