665 (2026). Hon Kieran McAnulty to the Minister of Housing

665 (2026). Hon Kieran McAnulty to the Minister of Housing: Will the approximately $12 million in 2025/26 and $16 million in out years saved from the termination of the Government contribution to the mortgage insurance levy associated with the First Home Loan programme be reinvested in Kāinga Ora and if not, where, if anywhere, were those savings reallocated?

Hon Chris Bishop: Savings from making the First Home Loan cost recoverable in Budget 2025, alongside other savings, were reprioritised to fund new social housing places for Auckland, establish the Flexible Fund to enable up to 675 to 770 social housing and affordable rentals, and to meet cost pressures in Vote Housing and Urban Development.