A+ credit rating will boost social housing delivery
News that the Community Housing Funding Agency has achieved an A+ credit rating from S&P Global will mean more social homes can be delivered more cost effectively, Housing Minister Chris Bishop says.
“Currently, Community Housing Providers (CHPs) account for 16 per cent of our social homes, or around 14,000 houses, while Kāinga Ora provides about 73,000 social homes.
“Organisations like The Salvation Army, Accessible Properties NZ Ltd, and Te Āhuru Mōwai Ltd Partnership, among others, do a great job providing housing and other support to people in need. This Government wants the CHP sector to grow and thrive.
“My ambition for the social housing system is for a level playing field between CHPs and Kāinga Ora. The underlying ownership of a house – whether public or private – should be irrelevant. What matters is the provision of warm, dry homes to those who need them, along with social support if required.
https://www.beehive.govt.nz/release/credit-rating-will-boost-social-housing-delivery
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