On 17 May 2010 the Government announced its plan for a financial assistance package aimed at getting get leaky homes repaired faster. Under the proposal, central government would meet 25% of agreed repair costs for eligible homes, with local authorities contributing 25% and home owners funding the remaining 50%, backed by a loan guarantee underwritten by the Government, provided applicants can meet bank lending criteria.

Further information on the Government’s proposal will be added to this website soon. In the meantime please go to www.dbh.govt.nz/ws-proposed-financial-assistance for more information.