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.
