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First home initiative comes into effect, ‘Grant recipients need to comply with the criteria’
Monday 30 June 2025 | Written by Losirene Lacanivalu | Published in Economy, National
The initiative will be available to applicants who meet specific eligibility criteria, including a loan of no more than $300,000 and house dimensions of no more than 100 square metres, and who secure mortgage approval after July 1, 2025.
Grant recipients of the ‘E Kāinga Toku – I have a home’ government initiative that comes into effect tomorrow, July 1, ‘must live in the new home they have built for at least five years, and not rent it out’, says senior economist Joanna Smith.
Grant recipients of the ‘E Kāinga Toku – I have a home’ government initiative that comes into effect tomorrow, July 1, ‘must live in the new home they have built for at least five years, and not rent it out’, says senior economist Joanna Smith.
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