Criteria announced for Residential Earthquake-Prone Building Financial Assistance Scheme
Published: 17 February 2020
The application criteria has been established for the Residential Earthquake-Prone Building Financial Assistance Scheme, giving more certainty to owners of multi-unit, multi-storey REPBs.
The loan scheme, which was announced in Budget 2019, will help unit owner-occupiers in REPBs facing hardship over earthquake strengthening costs – particularly those in areas of high seismic risk.
The Scheme will be delivered and managed by Kāinga Ora – Homes and Communities on behalf of the Crown, with applications to open mid-2020.
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