REINZ is disappointed landlords are left out in the cold without access to Healthy Homes Insulation Grants

Energy and Resources Minister Megan Woods and Climate Change Minister James Shaw announced that as part of today’s Budget $142.5 million will be provided to fund insulation grants over the next four years. While it is good news that lower-income families will have access to grants to make their homes warmer and dryer it is disappointing that landlords don’t have access to this initiative too.

REINZ is concerned the Government may be confusing landlords with speculators who are only in the market for the short-term and are out to make a quick profit.

Bindi Norwell, CEO at REINZ says: “Landlords are in the market for the long term and they provide an extremely important service to those renting homes across the country. We are concerned landlords have been forgotten in today’s Budget when it comes to being able to access the Healthy Homes Insulation Grants.

“Insulating a property will come at a significant cost to landlords and providing grants to support landlords with help ensures that insulation is not only installed in properties but that they are incentivised to do so quickly. Therefore, if landlords don’t have access to insulation grants, it is highly likely that some of this cost will be passed on to their tenants or it could lead to landlords selling their properties and the level of rental stock being reduced,” she concludes.

– REINZ

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REINZ is disappointed landlords are left out in the cold without access to Healthy Homes Insulation Grants