Hon Dr MEGAN WOODS (Minister of Housing): In Budget 2020, the Government announced funding for 8,000 new public and transitional homes. This is a significant boost to the Government's existing public housing build programme of 6,400 homes announced in Budget 2018. Kāinga Ora will finance its proportion of the additional 8,000 homes by increasing its borrowing by approximately $5 billion. This major investment is an important signal to the residential construction sector that the Government is ramping up its commitment to public housing, and the economic impact of the $5 billion investment in the residential construction market will be significant. Not only does this mean that 8,000 more families will have warm, dry homes to live in but it also means we'll be supporting thousands of jobs in the trades and wider construction sector to deliver these houses. With these latest announcements, that brings the number of homes to 18,350, either delivered by our Government or in the Government's public housing build pipeline—the most we've seen in decades. 