Private landlords may be big winners in Govt plans
Prime Minister John Key has said the Government could choose between building 1000 houses at a cost of $500 million or offering 1000 IRRs for third-sector social housing providers at a cost of $12 million.
He said it would be quicker for the Government to get social housing providers offering the homes.
The Government would also extend the IRR subsidy which caps rent at 25% of income. Until recently it was limited to tenants in state houses and those in private accommodation received the accommodation supplement.
Labour said an extension of the IRRs would be a transfer of wealth to private landlords, which would drive up rents for all tenants.
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