How it works

Coastal News - - News -

■ Habi­tat’s model of pro­gres­sive home own­er­ship sup­ports de­vel­op­ers to build more qual­ity, af­ford­able houses and con­nects them with el­i­gi­ble Ki­wibuild buy­ers through a bal­lot process.

■ Its rent-then-buy model helps fam­i­lies build up a de­posit which they can use when seek­ing in­de­pen­dent fi­nance and buy their home from Habi­tat.

■ Peo­ple make af­ford­able re­pay­ments and vol­un­teer their own ‘sweat eq­uity’. The rent they pay even­tu­ally helps build up a de­posit to buy their home.

■ In the last 25 years, Habi­tat have built over 500 homes across New Zealand us­ing this model.

■ It is part of the global Habi­tat for Hu­man­ity or­gan­i­sa­tion which has worked with over one mil­lion fam­i­lies world­wide.

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