Of those, 24,300 will be built by Housing New Zealand through their Auckland Housing Program and will be a mix of apartments, houses and terraced housing.
Of the new homes built, 8,300 would replace run-down existing state housing stock, 13,500 would be so-called "social housing" for vulnerable families and 20,600 would be "new affordable and market homes" available to first home buyers "and the wider market".
May 16 (BusinessDesk) - The Crown-owned housing agency, Housing New Zealand, will build a net 17,207 new affordable homes over the next decade in the government's biggest new state housing announcement in more than eight years in government.
"This is a significant undertaking for the government, for taxpayers, and for our Social Housing reforms".
But Labour leader Andrew Little says the announcement is "simply not a credible response to the problem [National's] been in denial about it for so long".
"The homes we build will actually be affordable, not National's definition of affordable which actually isn't for most people".
It's anticipated affordable one and two bedroom homes would cost up to $650,000.
The first part of the plan will take place over the next four years and will cost $2.23b though HNZ's existing budget and new borrowing of $1.1b approved by the Government.
The second stage will be funded through the sales of houses and land, and rental returns.
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He said the Tourism Indaba was a wonderful way to celebrate Africa month as the country showcases its beauty. Zuma has told delegates that in 2015, the tourism sector contributed R375 billion to the country's economy.
Ms Adams has been forced to defend the policy against comparisons to Labour's KiwiBuild.
But Mr Little has also defended his policy against the comparisons.
"I really wished they'd just stolen our policy and then called it theirs". That would be more flattering.
After years of denying there is a housing crisis and refusing to see government building as a solution, Nationals U-turn today is too little too late, the Green Party said today.
As well as using Crown land Mr Little said Labour would look to private and iwi land owners to deliver its promise.
"Auckland is already 40,000 homes short and needs 15,000 more a year just to keep up with population growth".
Green Party co-leader James Shaw said the policy "doesn't offer a lot of hope for first home buyers".
Social Housing Minister Amy Adams will unveil the plan in Auckland's SkyCity Grand Hotel.
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