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Govt's progressive home ownership scheme only putting 12 families into homes

Author
Newstalk ZB,
Publish Date
Thu, 25 Feb 2021, 9:58AM
Photo / NZ Herald
Photo / NZ Herald

Govt's progressive home ownership scheme only putting 12 families into homes

Author
Newstalk ZB,
Publish Date
Thu, 25 Feb 2021, 9:58AM

Helping 12 families own their own homes in seven months is being called a considerable achievement.

The Government's Progressive Home Ownership Scheme has helped 12 families break into the housing market since July.

Housing Minister Megan Woods celebrated the results, while National mocked - saying the government had put out more news releases about the scheme, than families into homes.

New Zealand Housing Foundation boss Dominic Foote told Mike Hosking it's a brilliant concept, but not an easy task.

"It's working with families who have been locked out of the market because their incomes haven't kept up with property prices - and that takes a lot of time and investment."

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