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What was the total value of the overspend in 2024/25 for redevelopment write-offs and impairments for one-off write-off cost for Kāinga Ora projects not proceeding? and 1 other question

Answered 655, 656 (2026)
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Asked by

Kieran McAnulty

List MP · Labour Party

Questions

  • 655

    What was the total value of the overspend in 2024/25 for redevelopment write-offs and impairments for one-off write-off cost for Kāinga Ora projects not proceeding?

  • 656

    What was the total value of redevelopment write-offs and impairments for one-off write-off costs for Kāinga Ora projects not proceeding and why did these projects not proceed?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Housing

Answer

Kāinga Ora – Homes and Communities advises me the total value of redevelopment write-offs from the 2024/25 pipeline review was $158 million. This reflects sunk costs from early scoping and planning work undertaken on the projects no longer proceeding. This amount was $137.2 million above that budgeted for write-offs in 2024/25. More information on the pipeline review, including why some social housing projects did not proceed is available on the Kainga Ora website: - https://kaingaora.govt.nz/en_NZ/news/kainga-ora-takes-next-step-in-financial-reset/ This is also my reply to WPQ 655 (2026).