Housing Act 1955

State houses

14: Power to hold and dispose of shares in company formed to erect flats

You could also call this:

"Kāinga Ora can own and sell shares in companies that build flats."

You can think of Kāinga Ora–Homes and Communities as a group that helps with housing. They can buy, own, and sell shares in companies that build flats on State housing land. These companies are formed to build living accommodation with two or more separate flats or apartments on State housing land.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM291096.

This page was last updated on 14 December 2025 — View changes

Topics:

Housing and property > Buying and selling homesHousing and property > Land useBusiness > Industry rules

13: Procedure for declaring certain drains to be public drains, and for setting apart State housing land as a reserve, or

"How to make some drains public and set aside land for State houses"

15: Disposal of State housing land by sale or lease, or

"Selling or leasing State housing land and buildings"

Part 1State houses

14Power to hold and dispose of shares in company formed to erect flats

Kāinga Ora–Homes and Communities may from time to time, upon such terms as it thinks fit, acquire, hold, and dispose of shares and other rights in any company or organization formed with the object of acquiring State housing land for the purpose of erecting thereon living accommodation comprising 2 or more separate flats or apartments or with the object of purchasing State housing land on which such living accommodation has been erected.

Notes

Section 14: amended, on 1 October 2019, by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).