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

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


 

Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>

ALSO:

UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>

ALSO:

2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>

ALSO:

Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>

ALSO:


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels