The National-led Government knows that many families living in state houses have aspirations to be home owners. That’s why we are offering state house tenants the option to buy the house they are living in from Housing New Zealand Corporation.

Tenants can purchase their state house at market rates from mid September this year. Those tenants most likely to be able to afford to buy are those on market rents. Of the total 5500 tenants paying market rents, there are about 2800 in homes eligible for sale.

All the money Housing New Zealand earns from the sale of a home to a tenant will be invested into a replacement state house, so it’s a win-win situation. One family will buy a home and, as a result, another deserving family on Housing New Zealand’s waiting list will get a state home.

Further details of the policy will be available when it is launched in September. In the meantime, state house tenants can register their interest by calling 0800 801 601.

For more information visit:  http://www.beehive.govt.nz/release/delivering+pathways+home+ownership

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