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What advice, if any, did the Minister of Housing receive on the expected reduction in Community Housing Provider cost of finance arising from the provision of a Financier Direct Deed on Build to Own Income-related Rent Subsidy projects?

Answered Question 19182 (2026)
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Asked by

Kieran McAnulty

List MP · Labour Party

Question

  • What advice, if any, did the Minister of Housing receive on the expected reduction in Community Housing Provider cost of finance arising from the provision of a Financier Direct Deed on Build to Own Income-related Rent Subsidy projects?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Housing

Answer

I am advised that the three Income-Related Rent Subsidy contract changes on their own, including the provision of a Financier Direct Deed on Build to Own projects, were designed to remove some uncertainty for financiers and improve project confidence, rather than directly improve the cost of finance. The changes were implemented alongside other interventions as a complementary package to improve finance for social housing.