Government set to unveil changes to KiwiBuild today

September 4, 2019

It’s something the greens have been pushing for in their negotiations with the Government.

The highly anticipated KiwiBuild reset will be announced today.

Housing Minister Megan Woods will reveal changes to the programme, which 1 NEWS understands will include a rent to own scheme.

On Monday , 1 NEWS political reporter, Benedict Collins, outlined the rent-to-own scheme that's thought to be included in the reset.

"We've learned today that part of the KiwiBuild reset will include a scheme aimed at giving renters a hand up into home ownership.

1 NEWS’ Political editor says she understand the name “Kiwibuild” will stay.

"Under a rent-to-own scheme each week a portion of someone's rent would be set aside and that money would be used to build up equity or a deposit for that home so that eventually the renter could buy it off the Government, or off a community housing provider, and own it themselves.

"The Green Party have said all along this should be part of the KiwiBuild programme," Collins said.

KiwiBuild suffered a raft of issues, including missed targets , which led to questions around its long term feasibility.

The head of KiwiBuild, Helen O'sullvan resigned last month.

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