Latest News

Moody’s assigns top Aaa credit rating to Kāinga Ora – Homes and Communities - 8 November 2019

Moody’s Investors Service (Moody’s) has assigned the highest-possible Aaa credit ratings to Kāinga Ora – Homes and Communities and its key subsidiary Housing New Zealand Limited (HNZL).

Read the full media release

Kāinga Ora – Homes and Communities releases its inaugural Sustainability Financing Impact Report - 7 November 2019

The Sustainability Financing Impact Report outlines how Housing New Zealand Limited, a subsidiary of Kāinga Ora, entered into Sustainability Financing Transactions in the year to 30 June 2019. Proceeds from these transactions are earmarked to expenditure that delivered positive social outcomes, supporting our strategy and vision.

Read the:


Kāinga Ora - Homes and Communities is the largest residential property owner in the country, owning or managing around 65,500 properties that house more than 187,000 New Zealanders.

Kāinga Ora has two key roles:

  • being a world-class public housing landlord, and
  • partnering with the development community, Māori, local and central government, and others on urban development projects of all sizes.

For more information on Kāinga Ora, read about us or download our latest Investor Update.


Kāinga Ora’s main subsidiary, Housing New Zealand Limited, re-entered debt capital markets in 2018, following a 19-year absence.

Kāinga Ora group’s Borrowing Protocol, which sets a limit on external borrowing, was increased from $150 million to $1,080 million in May 2017 to help finance the Auckland Housing Programme under the previous government. Under the current government, the limit increased from $1,080 million to $3,050 million in June 2018 to finance Kāinga Ora's share of the public housing build programme announced in the May 2018 Budget.

Access to debt capital markets is important for Kāinga Ora, given it provides the flexibility and appropriate level of control required for our stewardship responsibilities - over 45,000 of our homes are reaching the end of their useful lives over the next twenty years and need to be renewed.

A strong focus on sustainability and wellbeing outcomes

Our Sustainability Financing Framework explicitly recognises the role we play in improving wellbeing outcomes for New Zealanders, and enabling us to link our financing requirements accordingly.

Read more around our focus on our sustainability and wellbeing page.



The information on this webpage is issued by Kāinga Ora - Homes and Communties for informational purposes. To the extent that this webpage refers to an offer of securities, no offer is made to anyone accessing this webpage outside of New Zealand and otherwise than in compliance with any applicable securities laws or regulations. To the extent that this webpage refers to any offer of securities to any person in New Zealand, such offer will be made to only wholesale investors and in accordance with the Financial Markets Conduct Act 2013 (FMCA).

Users accessing this webpage acknowledge and accept that they will comply with any applicable securities laws or regulations (including, without limitation, the FMCA).

Page updated: 8 November 2019