Kainga Ora has until November to come up with a turnaround plan for its fiscal woes
Kainga Ora has until November to come up with a turnaround plan for its fiscal woes
3 July 2024
The Housing Minister's released a new letter of expectations for the state housing provider, demanding better financial performance.
Chris Bishop says the plan's expected to materially reduce operating losses - and manage within the approved debt appropriation.
A refreshed board has also been appointed and will start its term on Monday, with seven new members.
A review into the agency released earlier this year found Kainga Ora is under performing - and not viable without significant savings.
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