may 12, 1994 - Low Deposit Rural Lending (LDRL) scheme - started
Description:
1994-2008
Home 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:
A chronology of Māori housing in Tāmaki Makaurau - Key events
This timeline charts the changing institutional framework an...
Date:
