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Was the $59 million saved in 2024/25 from the closure of the First Home Grants scheme reinvested in Kāinga Ora and if not, where, if anywhere, were those savings reallocated?

Answered Question 666 (2026)
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Asked by

Kieran McAnulty

List MP · Labour Party

Question

  • Was the $59 million saved in 2024/25 from the closure of the First Home Grants scheme reinvested in Kāinga Ora and if not, where, if anywhere, were those savings reallocated?

Answered by

Hon Chris Bishop

Member for Hutt South · National Party · Minister of Housing

Answer

Savings from the closure of the First Home Grant scheme was reinvested through Budget 2024 to fund 1,500 new social housing places to be provided by Community Housing Providers.