LIZ MCDONALD/STUFF A new scheme offers home buyers subsidised deposit top-ups in return for an equity share. The shared-equity scheme was first approved by the council in early 2017, after Cr Vicki Buck spent three years developing it. JOSEPH JOHNSON/STUFF The shared equity scheme will provide interest-free loans for 15 years. The New Zealand government ran a pilot for its own shared-equity scheme for home buyers in 2008, but it was short-lived. Habitat for Humanity Christchurch spokesman Peter Judd said the scheme would be "a fantastic thing for these individuals and our city as a whole".

Source: Stuff October 03, 2019 06:00 UTC