1 oct. 1992 - Full market rents for State Houses - second round

Description:

The second round of rent increases for state tenants commenced. The concept of “matched rent” that underpinned the first round of rent increases (from 1 October 1991) was abandoned. Assessed Accommodation Benefit (AB) entitlement rebates were calculated using the market rent and the AB formula. The second round of rent increases was limited (net of any AB entitlement) to no more than $20 or the first round increase (whichever was the lesser). The second round was completed by June 1993.
“Security of Tenure” status was conferred by Housing Corporation of New Zealand (HNZ) on tenants who it was considered would face difficulty if required to move. This provided that they could continue to occupy the house in which they lived and that the house could not be sold or demolished against their will. A subsidy was provided to selected HNZ and TPK tenants in recognition of the fact that some HNZ tenants would face exceptional difficulties if they were required to move as a result of rent increases to market levels (eg the elderly and people with disabilities). DSW assessed the subsidy as part of the rent rebate programme. From July 1993 this was replaced with a cash benefit (Tenure Protection Allowance) delivered by the Department of Social Welfare.

Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html