How has Kāinga Ora refined its development pipeline to prioritise areas of greatest need and how were those areas of greatest need identified?

Answer

Kāinga Ora – Homes and Communities advises me it delivers additional social housing in line with expectations set by myself and the Minister of Finance. Identification of areas of greatest need is undertaken by the Ministry of Housing and Urban Development. I refer the Member to their Investment Plan for more information: - https://www.hud.govt.nz/news/new-housing-investment-plan As Kāinga Ora moves to renew its portfolio, rather than grow, it will take a targeted approach to renewing its homes that reflects local market economics and conditions. Kāinga Ora will select the best-value mix of renewal programmes (retrofit, redevelop or sell and replace), targeting homes that have: • poor amenity and condition • low financial performance • high risk of flooding (Kāinga Ora will either build replacement homes in safer areas or deliver infrastructure that reduces flooding risks for homes it retains, if funded) This will result in Kāinga Ora actively migrating underperforming homes within a region to areas that can: • respond to customer demand for social housing • provide locational amenity for customers, including connections to transport and jobs • reduce portfolio risk. Further information on Kāinga Ora’s renewal strategy can be found on its website: Kāinga Ora Strategy: - https://kaingaora.govt.nz/en_NZ/publications/core-publications/kainga-ora-strategy/