Kāinga Ora reveals NZ$2.3 billion funding task for 2021/22

On 21 May, following the release of the New Zealand budget, Kāinga Ora – Homes and Communities announced a NZ$2.3 billion (US$1.7 billion) funding requirement for the 2021/22 financial year. The borrower says this incorporates the government’s announcement earlier this year of an additional NZ$2 billion in funding over 10 years to scale up land acquisitions and boost housing supply.