Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Shared equity pilot step in right direction

The Salvation Army Media Release

Shared equity pilot step in right direction, but still long way to go

Auckland, 16 May 2008 - The Government's pre-Budget announcement of a shared equity scheme is a step in the right direction, but falls well short of a comprehensive solution to the affordable housing crisis, says the Salvation Army.

The Minister of Housing announced today a $35m two-year Shared Equity pilot to assist lower income households into housing in Auckland, Wellington, Nelson, Christchurch and Queenstown.

Salvation Army Social Policy and Parliamentary Unit director, Major Campbell Roberts, says that it is pleasing to see the Government pick up the shared equity concept, which the Salvation Army has identified previously as a desirable way to help people on lower incomes into their own homes.

But Major Roberts says that while the scheme is a positive move, it doesn't go nearly far enough to turn around the trend that has seen home ownership numbers in New Zealand declining to their lowest levels in 50 years.

'It's a small pilot which looks to be very limited in terms of the numbers of people who are actually going to be helped.

'Although it is claimed that up to 700 households will be assisted into their own homes, the high price of housing in areas like Auckland and Queenstown, mean that it is likely that a smaller number of families will be able to be helped.

'The housing price caps will also push qualifying families into the cheapest and lowest quality houses. With a price cap of $305,000 in Auckland, for example, you would be very limited in what you could buy.

'The scheme also appears to favour families without children, because childless couples would be more likely to have the disposable income at hand to be able to service the required mortgage, even with the Government's contribution.'

This is a small start which will only assist a few and Major Roberts says the Government should consider extending it by expanding its work with community organisations around the country that are already running successful shared equity schemes.

'By cooperating with the groups that have the knowledge and experience of shared equity schemes we as a community would be able to help more people into their own homes.'


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More


Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list

Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>


Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?


CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>





Featured InfoPages