oct 8, 1998 - Rural Housing Scheme - starts

Description:

The Government announced a plan to address the rural housing crisis. The Rural Housing Scheme was designed specifically for low income earners in Northland, East Cape, the eastern Bay of Plenty and Wairoa. People who qualified could get a loan from Housing New Zealand with a 3 percent deposit and have their interest fixed at 7.95 percent for seven years.

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