Frank is currently in Christchurch Prison and was registered as schizophrenic two years ago and is also addicted to drugs and alcohol.
The grandson applauded the actions of the alleged mosque gunman.He was sent to prison in December last year for breaching his release conditions and is due to get out on Friday.
Finch said his fear about his grandson's release is if support is not put in place around Frank, "there will be a victim".
"We're dealing with a very unstable inmate who is screaming out for help," Scott Guthrie of the Transforming Justice Foundation told 1 NEWS.
"He clearly said to me, 'next time I'm released from prison I'm going to kill someone, so I can come back to prison for 20 to 25 years'."
Police told 1 News they have a full range of resources in place and will work closely with other agencies to ensure the public are kept safe.
Meanwhile, Corrections said Frank's release would be closely overseen by a multi-disciplinary team.
Their recommendation was Frank be intensely supervised for two years, have GPS monitoring and undertake a compulsory reintegration programme.