Subsidy for Kāinga Ora
The Income Related Rent Subsidy that can be claimed by Kāinga Ora is the difference between the:
- rate of Income Related Rent charged (being the rate of Income Related Rent that was charged by Kāinga Ora within the fortnightly claim period) and
- market rent rate for the property
Note GST cannot be claimed as GST does not apply to residential tenancies.
Example 1
Market rent rate is lower than notified Income Related Rent rate.
Market rent rate for the property | Income Related Rent rate | Rent charged by Kāinga Ora | Income Related Rent Subsidy |
$220 | $300 | $220 | $0 |
Example 2
Market rent rate is higher than notified Income Related Rent rate.
Market rent rate for the property | Income Related Rent rate | Rent charged by Kāinga Ora | Income Related Rent Subsidy |
$270 | $90 | $90 | $180 |
Example 3
Kāinga Ora charge a rate lower than notified Income Related Rent rate due to special circumstances.
Market rent rate for the property | Income Related Rent rate | Rent charged by Kāinga Ora | Income Related Rent Subsidy |
$300 | $130 | $90 | $170 |
For more information see:
