Poll: Do you think the idea will work?
The Government will today unveil a radical new plan to underwrite construction of new private houses, as high interest rates and an economic downturn make it tough for developers to get finance for new projects.
The new time-limited scheme is designed to de-risk developments, making finance easier to obtain for developers to start building. Developers often have to pre-sell a proportion of dwellings in any development in order to secure finance, which has become much more difficult in the current economic downturn.
Do you think the idea will work? Tell us your reasons in the comments (adding NFP if you don't want your words used in print).
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30.4% Yes
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23.9% Not sure
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45.7% No
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Police apologise to rest home alleged theft victim after failing to act
Police have apologised to a pensioner who caught a carer-turned-crook allegedly stealing cash, admitting there was more they could have done.
The about-face comes after the Waikato Times revealed the plight of rest home resident Lisa Allen, who set up a hidden-camera, capturing footage that appeared to show the caregiver opening her handbag and taking out a $50 note while the room was unattended.
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