We’re calling on the Government to support KiwiBuy, the Affordable Home Ownership Initiative, and offer pathways to home ownership for families. These pathways are proven and tested models like Progressive Home Ownership and Shared Ownership already available across Aotearoa New Zealand through providers such as the Housing Foundation and Habitat for Humanity, and you can help by signing the petition for KiwiBuy below.
This decline in homeownership rates from 1991 coincides with the end of State support for home ownership programmes for modest income households.
However due to a range of constraints including funding and access to affordable and appropriate land, the delivery of enough KiwiBuy homes to meet demand has not been possible.
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Under the ‘Affordable Equity’ model a household purchases a share of the property at a price point they can afford (subject to criteria and conditions). The remainder is owned by our community housing providers and both parties will be represented on the property title. The household organises their own mortgage (with support from KiwiBuy), the advantage being that under this arrangement, they will have a smaller mortgage than they will ordinarily require to purchase the property at market value.
Under Progressive Home Ownership you partner with a Community Housing Provider to help you on your journey to home ownership. You can move into a new home, paying a rent that is affordable based on your income, while you build up a deposit to buy your home, at its original value.
Salvation Army – Working for the eradication of poverty in New Zealand, and the authors of Beyond Renting, which led to the creation of KiwiBuy
Habitat for Humanity – Who believe everyone deserves a decent place to live, and have been offering Progressive Home Ownership to families in Aotearoa since 1993
Housing Foundation – Who deliver KiwiBuy products and services across New Zealand, and have assisted many families into home ownership through Shared Ownership
Community Housing Aotearoa – Who have a vision of all New Zealanders well housed and represent 90 Community Housing Providers nationwide
The overwhelming need for decent housing and pathways to home ownership combined with a lack of funding and limited access to affordable and appropriate land means KiwiBuy cannot deliver enough homes to meet growing demand. Our government needs to address these issues immediately.
Add your voice to help us get the government to take action.