The Government’s KiwiSaver HomeStart scheme is helping more people in the Gisborne region into home ownership, says Mrs Tolley.
The scheme offers grants for first home buyers to help with deposits on a home, and enables first home buyers to access their KiwiSaver funds.
“KiwiSaver HomeStart is the most generous government support scheme for home buyers in over a generation, and is being used more and more by our young people to help with home ownership,” says Mrs Tolley.
“Since the scheme was launched two years ago, it has helped 340 people in the Gisborne region with $1,517,000 in grants.
“The grants can help our young people overcome the most difficult hurdle of pulling together the funds for a deposit, and is forecast to help 90,000 first home buyers across New Zealand by 2020.
“Home ownership provides stability for families, strength for communities, and security in retirement.
“We are working hard so more people in our community can achieve the Kiwi dream of owning their own home.”