1 déc. 2012 - Kainga Whenua Scheme - changed

Description:

Changes were made to improve the accessibility of the Kainga Whenua Loan Scheme and to support the building of housing on multiply-owned Mäori land.
Those who could apply for loans were extended to include Mäori Land Trusts, whanau or hapu groups who wished to build on Mäori land. The fund was also opened up to all individual borrowers assessed as being able to service a mortgage, not just first home buyers. Loans could also be used for home improvements, repairs and maintenance.
The income cap for borrowers was increased from $85,000 to $120,000 for one borrower and up to $160,000 for two or more borrowers.
The new criteria applied to individuals from 1 December 2012. Trusts were able to apply from 2013.
The Kainga Whenua Laon Scheme was administered by Housing New Zealand Corporation (HNZC) in conjunction with Kiwibank. While Kiwibank was responsible for making lending decisions, HNZC insured the loan made by the bank.

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