Question 37955 (2026)
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Asked by
Kieran McAnulty
List MP · Labour Party
Question
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How much of the total write-down, if any, was not absorbed within Kāinga Ora's existing budget for the year ended 30 June 2025, and what was the resulting effect on the agency's reported surplus or deficit?
Answered by
Hon Chris Bishop
Member for Hutt South · National Party · Minister of Housing
Answer
Kāinga Ora – Homes and Communities advises me that the total final audited value of write-downs arising from the pipeline review in FY2024/25 was $184 million against an approved budget of $21 million, noting the original budget was set…