Maori given access to loans to build on ancestral land (The New Zealand Herald)

03 Feb Maori given access to loans to build on ancestral land (The New Zealand Herald)

Maori who want to move back to ancestral land will now be able to get a $200,000 loan from Kiwibank, with no deposit, to build or buy a home.  However, houses will have to be built on wood piles and be in either the North or South Island so the bank can take them back if the borrowers default.  Housing Minister Phil Heatley announced the partnership between Housing New Zealand and Kiwibank this morning. The Crown would guarantee the loans under the Kainga Whenua scheme… go to article