The Housing Minister says change is well and truly afoot at Kainga Ora as a critical independent review finds it's under-performing.
The inquiry's also found the public housing agency needs significant savings to become financially viable.
Chris Bishop has ruled out a mass sale of state homes, but indicated a total refresh of the board.
He told Mike Hosking that Kainga Ora's debt levels simply aren't sustainable.
Kainga Ora is a $45 billion enterprise for delivering Kiwis state-housing, he said, and it’s done a terrible job.
Bishop says the responsibility sits with the previous board and the Labour Government who allowed it to increase debt by $10 billion.
He said that it sat around $2 billion in 2018 and is forecast to hit $23 billion in 2028.
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