Jenee Tibshraeny: NZ Herald Wellington business editor on the Government putting up more money to backstop housing developments - Heather du Plessis-Allan Drive

The Government has put more money down to stop housing developments from failing.

They've made $159 million available to get affordable housing projects which would otherwise stall, off the ground. 

NZ Herald Wellington business editor Jenee Tibshraeny explains that the Government will either buy “build-ready” land or pre-purchase or underwrite homes.

"This $159 million it's putting on the table- it might not actually cost $159 million and it might just backstop some of these developers that are running into trouble at the moment."

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