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About us

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• 2009-2010 Statement of Intent
• 2008-2009 Statement of Intent
• 2007-2008 Statement of Intent
  • Foreword: Board Chair
  • Chief Executive's overview
  • Part 1: Our three-year outlook - introduction
  • Part 1: The Government's strategic policy framework
  • Part 1: Operating environment
  • Part 1: Our business
  • Part 1: Outcomes framework
  • Part 1: The Corporation at a glance
  • Part 1: Managing for results
  • Part 1: Quality assurance, evaluation and risk management
  • Part 1: Partners and stakeholders
  • Part 2: Statement of responsibility
  • Part 2: Introduction - Forecast financial information
  • Part 2: Strategic priority one: Coordinate the Government's New Zealand Housing Strategy
  • Part 2: Strategic priority two: Demonstrate housing development best practice
  • Part 2: Strategic priority three: Ensure effective state housing stewardship
  • Part 2: Strategic priority four: Support community-based social housing initiatives
  • Part 2: Strategic priority five: Facilitate sustainable home ownership
  • Part 2: Output class appropriations
  • Part 2: Forecast financial performance, policies and statements
  • Part 2: Forecast financial statements
  • Footnotes

About us

Part 1: Our business

The Corporation provides housing, housing services and policy advice to meet the Crown's social, environmental and financial objectives.

The Corporation is a Crown agency. Our legislated objectives are¹:

(a) to give effect to the Crown's social objectives by providing housing, and services related to housing, in a business-like manner, and to that end to be an organisation that:

• exhibits a sense of social responsibility by having regard to the interests of the community in which it operates
• exhibits a sense of environmental responsibility by having regard to the environmental implications of its operations
• operates with good financial oversight and stewardship, and efficiently and effectively manages its assets and liabilities and the Crown's investment.

(b) to ensure that the Minister of Housing receives appropriate policy advice, other advice, and information, on housing and services related to housing.

Core and non-core business

The Corporation distinguishes between core and non-core business to keep focused on our mandated priorities and to manage the risks associated with certain activities. This distinction helps us to identify activities that are not core to our main business, which may have associated risks that we need to manage. We recognise the need to consult ministers and seek their involvement in decisions on such issues.

The Corporation's scope of business includes activities mandated by legislation or otherwise specifically authorised by government decisions. Core business activities include rental housing and related activities, for example tenancy management and elements of land development such as in-fill housing, maintenance and modernisation.

Core business also covers home lending, including Welcome Home Loans and essential repairs, rural housing, and housing policy advice. We consult with ministers on all these activities in the process of developing our Statement of Intent. The Corporation also reports on these activities in our quarterly reports to ministers.

Our non-core activities are few. They are readily recognisable as being 'special cases' that require a higher level of ministerial involvement and have additional associated fiscal, commercial and political risks. The Hobsonville development is an example of this. Non-core business is likely to include large or unusual activities and initiatives, as well as new and developmental activities.

New lines of business, such as the weathertight homes initiative, will evolve and mature over time. We expect some of these activities to become core business for the Corporation.