5 Sep 2019

Shared equity scheme not KiwiBuild homes - Housing Minister

From Checkpoint, 5:50 pm on 5 September 2019

An assisted home ownership scheme under KiwiBuild is unlikely to benefit low income families according to official advice. That's despite the government claiming otherwise.

The renovated, relaunched KiwiBuild includes $400 million ring-fenced for a progressive home ownership scheme, that includes what the Housing Minister has described as low-income New Zealanders.

But Ministry advice made public on Thursday concludes a shared equity scheme would likely only benefit what it calls moderate earners - those households on $80,000 to $97,000 - not families "further down the income spectrum".

Housing Minister Megan Woods joined us again to clarify just who is being targeted with this initiative.