Councils say ‘no’ to cheap homes bill

Local councils have rejected the Government’s new affordable housing bill, warning that associated costs will push up rates and make all ratepayers subsidise first-home buyers.

The Affordable Housing Bill is intended to add about 1000 new cheap homes to the national housing market each year.

But councils can choose not to use its provisions, and all that have made submissions to a parliamentary select committee considering the bill have rejected it.

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