The Housing Minister has responded to the 'mismanagement' impacting Kāinga Ora - and enacted some changes.

A high-level review of the agency has revealed it's under-performing and isn't financially viable without significant savings.

The Government has today appointed a new Chair, former Spark CEO Simon Moutter, and a refreshed board will be in place by July.

Minister Chris Bishop says the Government's been bequeathed a difficult situation from their Labour-led predecessors. 

"Kāinga Ora is a financial basket case, they have received billions upon billions of dollars in debt over the last few years."

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