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The Government has agreed in principle to establish a new entity that will work with social housing providers to better meet demand, Finance Minister Bill English and Housing Minister Dr Nick Smith say.

“Our plan is to grow and diversify the social housing sector in New Zealand,” Mr English says. “We recognise that most options to do this will have significant implications, so it is important that we fully understand them to get the right options progressed.

Budget 2013 contains an ambitious and comprehensive package of measures aimed at making houses more affordable and improving access to social housing, Finance Minister Bill English and Housing Minister Nick Smith say.