PHOTO: JOHN KIRK-ANDERSON/STUFF Housing Minster Megan Woods is expected to announce a reboot of the controversial KiwiBuild programme on Wednesday.
Rent-to-buy schemes could provide a boost to a faltering KiwiBuild which is getting a “reset”.
A revamped KiwiBuild will be unveiled by Housing Minster Megan Woods, and with Finance Minister Grant Robertson already having said the Government had tried to be as creative as possible, some new options are expected.
Rent-to-own and shared ownership schemes are models that have been used overseas and in New Zealand to help people who can’t stretch their income to save for a deposit to buy a house.
The idea is to help people on to the housing ladder with different forms of assistance.
READ MORE:
* KiwiBuild is broken – so how can we fix it?
* Is this the solution to the housing crisis?
* Green Party co-leaders set to tell members we want to do more with housing, inequality and climate change
In the case of rent-to-buy, or rent-to-own as its sometimes called, leasing agreements give the tenant the right to buy at the end of a pre-set rental period.
READ MORE VIA STUFF
