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New Zealand scraps target for 100,000 affordable homes to handle crisis

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New Zealand, facing a shortage of affordable housing, scrapped its target to build 100,000 homes in 10 years as "overly ambitious" on Wednesday and reset some policies for grappling with what it calls a crisis. Ardern's centre-left government passed laws last year that restricted many non-resident foreigners from buying existing homes in New Zealand, as part of efforts to contain house price increases and reduce high rates of homelessness.

from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/2PFmedP

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