feb 17, 1986 - Homestart Deposit Scheme - starts

Description:

The Homestart Deposit Scheme was designed to help low-income people with insufficient savings get into home ownership, though filling the deposit-gap. 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. The Scheme was administered by the Housing Corporation.

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

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