Kāinga Ora bought land for $19.2m. Seven years later, it’s selling it without building a single home

Kāinga Ora's purchase of land for $19.2 million and subsequent seven-year delay without any construction highlights the challenges in state-led housing projects. The agency spent an additional $205,000 studying a high-density housing plan before calling it unviable financially. This situation underscores the significant financial and strategic missteps in public housing initiatives, raising questions about the efficiency and oversight in government-funded housing schemes. Such delays and expenditures can impact housing affordability and availability for those in need.