A representative of the Iwi Chairs Forum said this morning that iwi should have state houses transferred to them for free.
Te Runanga o Te Rarawa chairman Haami Piripi made the comments on TV3's The Nation this morning.
Many of the houses were "at the very low end of the spectrum in terms of the Government housing portfolio," he said.
He said social housing was part of "post-modern capitalism" and he had concerns that if the market crashed and the value of houses went down, iwi would make a "significant loss".
"Our starting point is they have no value," he said, as there would be an ongoing obligation to support the families who lived in them.