Labour proposes rent-to-buy for state homes and raises First Home Loan income cap

Labour has announced plans to allow state housing tenants to rent-to-buy by contributing $100 weekly towards a deposit. Additionally, the party intends to increase the income cap for the Kāinga Ora First Home Loan scheme to $300,000. This proposal aims to improve home ownership accessibility for state tenants and higher-income earners.

Originally published by gnews