Not a ‘fire sale’: Kāinga Ora aims to slash debt by $1.8b
Back-to-basics approach will trim borrowings to $20.5b by 2027 through ‘accelerated’ divestment, Housing Minister says.
WATCH: Housing Minister Chris Bishop, Kāinga Ora chair Simon Moutter and CEO Matt Crockett speak with media.
Housing Minister Chris Bishop’s ‘turnaround plan’ for Kāinga Ora will see debt trimmed by $1.78 billion within the next two years, capping its annual build rate at about 2000 homes from 2026.
The social housing agency’s debt levels, which had been forecast to hit $22.3b in pre-election
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