• Covid industry support package modified to fund affordable housing. For aspiring first-home buyers, price and income caps will now be reviewed every six months. Housing Minister Megan Woods said the changes could help thousands more first-home buyers, with enough funding for about 7000 extra first-home grants and 2500 more first-home loans available every year. The Affordable Housing Fund will also set aside money for low-interest loans. "The Budget increase to the First-Home Grants and First-Home Loans is an admission that this Government has pushed up house prices and they're now pouring more fuel on the fire."

Source: New Zealand Herald May 19, 2022 06:16 UTC