Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Changes to Kainga Whenua loan scheme on the horizon


Hon Tariana Turia
Associate Minister of Housing

12 October 2012 Media Statement

Changes to Kainga Whenua loan scheme on the horizon

Hon Tariana Turia, Associate Minister of Housing, has today announced the Government has made changes to the Kainga Whenua loan scheme which will enable houses to be built on multiply owned Maori land. The expanded policy will provide an opportunity to advance housing aspirations for whanau, hapu, Maori Land Trusts and individuals and will start rolling out on 1 December 2012 for individuals and in 2013 for trusts.

Mrs Turia said “the original intention of the kainga whenua policy was to support the development of housing solutions on Maori land, and to assist in unlocking the potential of this valuable resource for whanau, hapu, and iwi. It has always been an important initiative, and an admirable goal.”

“Successive reviews have demonstrated that the product has not quite reached its full potential. We have responded to the concerns raised, and I am pleased to announce today that changes have been made to improve the accessibility of this fund which will move whanau and hapu closer to their housing aspirations.”

Mrs Turia said “we have made changes to eligibility criteria, such as expanding the net on who can apply for these loans. The fund will now be open to Maori Land Trusts, whanau or hapu groups who wish to build on Maori land. We have also opened the fund up to all individual borrowers assessed as able to service a mortgage, not just first home buyers.”



“We have revised the income cap for borrowers from $85,000 to $120,000 for one borrower and up to $160,000 for 2 or more borrowers.”

“Loans can also now be used for home improvements, repairs and maintenance.”

“These changes reflect the feedback that we have received from the Maori housing sector, and show that we are committed to supporting whanau, hapu and iwi to achieve their housing aspirations.”

“I would like to thank the many people who have played a role in shaping this revised policy by providing critical and constructive feedback. I also urge our whanau, hapu and Trusts to take another look at this policy and how it may work for them in the future.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


 

Fatal 2018 Crash: Police Officer Should Not Have Engaged In Pursuit

The Independent Police Conduct Authority has found that a Police officer should not have tried to stop or pursue a car thought to contain young people in Palmerston North on 28 May 2018. More>>

ALSO:

New Poverty Targets: Goals Overlook 174000 Children In Worst Poverty

Child Poverty Action Group is pleased to see the Government set ambitious 10-year targets for child poverty reduction, but we are disappointed not to see a target set for improving thousands of young lives where the worst of poverty is found. More>>

ALSO:

Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>

ALSO:

Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>

ALSO:

Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>

ALSO:

Wellington:

Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>

ALSO:

Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels