Attention First Home Buyers - New assistance announced
Are you a first home buyer struggling to breach the gap between the purchase price of a home and how much your bank will lend you?
If so, you may qualify for the new government initiative where their housing agency Kainga Ora will take a shared ownership of a property with you in order to help you purchase your first home.
Kainga Ora will contribute up to $200,000.00 provided you can contribute 5% of the purchase price, have a joint household income of no more than $130,000.00 and can meet your banks’ lending criteria.
You then have the opportunity to buy out Kainga Ora’s equity in the property over time.