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Budget leak for leaky-home owners

Nick Smith MP

National Party Building & Construction Spokesman

Budget leak for leaky-home owners

The Budget will contain a discounted loans scheme for owners of leaky homes, says National's Building & Construction spokesman, Nick Smith.

"Housing New Zealand is to provide loans at 4% interest to assist leaky-home owners fix their homes. The loans and interest will not have to be repaid until the home is re-sold," says Dr Smith.

"The loan scheme is limited to homeowners who qualify under the Weathertight Homes Resolution Service legislation.

"The Government is also set to provide a Government guarantee for private banks to help leaky-home owners.

"The Government should hang its head in shame on this second Budget leak, following hard on the heels of the leak to Telecom of the Budget's centrepiece unbundling plan.

"What's going on in the Minister's office and the office of his departments?

"Help for leaky-home owners is long overdue. The Government has let these home owners down by denying the scale of this problem for years.

"National has long called for assistance of this sort but we will await the fine print before we make judgment on its adequacy.

"Meanwhile, the Government still lags behind in making improvements to the Weathertight Homes Resolution Service and the legislation that it operates under."


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