5 Dez 1989 Jahr - Homestart Deposit Scheme - changed

Beschreibung:

The Homestart Deposit Scheme had been introduced in 1986 and was designed to help low-income people with insufficient savings into home ownership. The scheme offered a five-year loan at three percent interest. At the end of the five years, the loan, plus the amount of capitalised interest was to be repaid in full.
With the first loans due for repayment in 1991, there were concerns that families may not be in a position to repay. From this time, the conditions of the Homestart Deposit Scheme were changed so that recipients made regular repayments of interest and principal.
In July 1991, the Government announced that the Homestart Deposit Scheme would cease altogether.

Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html

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