29 Oct 2009

Sale of Housing NZ stock urged

5:54 am on 29 October 2009

A Maori business leader is calling on the Government to sell its housing stock to low income families and use the proceeds to build new houses.

Whakatu Incorporation chair Paul Morgan of Nelson told Waatea News that Housing New Zealand has been failing in its social obligation to build new housing, so it's been of little use to the construction industry where many Maori were employed before the recession.

Mr Morgan said it's the right time for a targeted programme to make changes.

He said Housing New Zealand owns 70,000 houses.