Applications open for Earthquake-prone Building Financial Assistance Scheme

Published: 28 September 2020

From today, owner-occupiers of unit and apartments living in earthquake-prone buildings can apply for financial support to fix their homes.

The Residential Earthquake-Prone Building Financial Assistance Scheme will help unit owners facing financial hardship over earthquake strengthening costs.

It can complicated to fix an earthquake-prone building where there are many unit owners. Getting the finance to do this work can be difficult, sometimes impossible, for some people in this situation.

The loan Scheme offers support to unit owners so that they are not put in a position where they are forced to sell their home or burdened by the stress of huge financial hardship.

The scheme will be delivered by Kāinga Ora – Homes and Communities, with eligible unit owner-occupiers able to borrow up to $250,000.

For more information, visit the Beehive website(external link).

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