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Asked by
Kieran McAnulty
List MP · Labour Party
Question
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Was the $125 million reduction in capital funding for Large Scale Projects in Budget 25 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
This information is publicly available as part of the Budget 2025 Summary of Initiatives and can be found here [https://www.treasury.govt.nz/sites/default/files/2025-05/b25-sum-initiatives.pdf]. I am advised that $100M in savings were reinvested in Vote Housing and Urban Development Budget initiatives, such as supporting upfront operating supplement for social housing and the flexible fund. The remaining $25M was reinvested in the Greenfield Model through Vote Finance.