Government support
The Government provides financial support for housing and accommodation to those of modest means.
There are two main ways the Government provides this support:
- the Accommodation Supplement (AS), which provides a large proportion of the accommodation cost for those with low incomes
- Income-Related Rents (IRR), which are subsidies to Housing New Zealand Corporation that allow it to provide houses at rents that do not exceed 25 percent of the renter’s total household income.
As of September 2007, there were 246,424 AS recipients and 59,405 IRR tenants.
Source: Housing New Zealand Corporation
Priority on the waiting list for Housing New Zealand Corporation housing is divided into four groups that reflect different levels of need.1
1 Source: Housing New Zealand Corporation