may 12, 1994 - Low Deposit Rural Lending (LDRL) scheme - started
Description:
1994-2008Home loan for low-income households with 3% deposit.
Applicants completed a home ownership education course and had to prove that they could service a loan. Information and coaching/brokering support was provided for up to five years to help manage defaults in the most common default period.
142 loans were provided between 2000 and 2009 for houses on multiply-owned Māori land.
Source: https://www.oag.govt.nz/2011/housing-on-maori-land/part2.htm
Added to timeline:
Date:
may 12, 1994
Now
~ 31 years ago