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Heatley: State Houses Available To Buy From Today

Contributor:
Fuseworks Media
Fuseworks Media
Phil Heatley
Phil Heatley

From today those state house tenants in a position to buy the house they live in can do so, says Housing Minister Phil Heatley.

"Many families in state houses aspire to achieve home ownership. This policy provides a pathway from state housing to home ownership, as a tenant's circumstances improve," Mr Heatley said.

Over the next week, Housing New Zealand will be approaching about 3,800 state tenants who pay market rent and live in a home that is available for purchase, to make them aware of the opportunity.

"This is a great opportunity for state house tenants who are in a position to consider home ownership. While we don't expect huge or rapid take up, it makes sense that those earning enough to pay market rents know they could buy the state house they're living in," Mr Heatley said.

Tenants wishing to buy will need to approach banks about obtaining finance. Housing New Zealand's Welcome Home Loan, which is a mortgage insurance scheme that underwrites home loans, and the corporation's free home ownership education programme, are available to assist those tenants.

"Tenants are under no obligation to buy, but I would urge those who can afford it to think seriously about it so they can own their own home and we can reinvest the proceeds into replacement houses," Mr Heatley said.

Not all state houses are available for sale to tenants. Interested tenants will need to check with Housing New Zealand first about whether their home is available.

To ensure a property is not on-sold to developers, a tenant who purchases their state house will be unable to reapply for a state house for three years from the date of purchase.

Any tenant interested in buying their house can register their interest by calling 0800 801 601, calling into their local Neighbourhood Unit, contacting their tenancy manger or email: saleofstatehouses@hnzc.co.nz.

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