State housing is meant to provide good quality housing to Kiwi families in need. The current government has used it as a revenue stream - siphoning off dividends and selling state houses, despite a huge waiting list and a shocking rise in homelessness.
National has taken $523m of profits out of Housing New Zealand, including a $118m dividend for 2015/16. That’s enough to have built over 1,500 state houses. At the same time, they have sold off 2,500 houses (net) since 2011, and are moving to sell thousands more to merchant bankers, property developers and overseas companies