Welcome to the
Christchurch Housing Initiative|Te Whāriki tū-ā-Rongo

If you are a modest income household in Christchurch and want to buy your own home but are finding it difficult to save enough for a deposit then the Christchurch Housing Initiative may be able to help you.

Over the next three years, the Christchurch Housing Initiative, Te Whāriki tū-ā-Rongo – jointly funded by the Crown and the Christchurch City Council – will be partnering with up to 50 Christchurch households to make their dream of home ownership a reality.

Applications are now open!

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How does it work?

The Christchurch Housing Initiative (“CHI” or “the Initiative”) recognises that, for many households who could otherwise afford to service a modest mortgage, saving a sufficient deposit is what is holding them back from home ownership.

The Initiative can help by providing an equity contribution of between 15 and 40 per cent of the total value of the property you want to buy to “top up” your deposit. It will then take an ownership (equity) stake in the property equivalent to the amount of money contributed, which means it will share in any equity gains or losses over the period of the partnership. It won’t charge any interest on this equity contribution, and you’ll have up to 15 years to repay it. The Initiative’s contribution will be secured by way of a second mortgage. To find out more, please see our frequently asked questions.

Are you eligible?

To qualify for consideration for the Christchurch Housing Initiative you must meet some eligibility criteria. You must:

  • Be a NZ citizen or permanent resident and be aged over 18
  • Have total household income of less than $99,600 (including wages/salary, working for families, accommodation supplements, etc)
  • Have at least one member of your household in full-time employment (>35 hours per week)
  • Not currently own a house or any other property, or have significant other realisable assets.

Not everyone who applies and is eligible for the Initiative will be selected for participation. Priority will be given in order to those households:

  • With total household income at or below the median Christchurch household income (currently $83,000)
  • With children
  • With existing savings/deposit (this could be from savings, KiwiSaver, the KiwiSaver HomeStart Grant, etc)
  • First home buyers

If you think you are eligible and would like to apply, please read our FAQs, then complete the online application form.

To qualify for consideration for the Christchurch Housing Initiative you must:

  • Be a NZ citizen or permanent resident and be aged over 18
  • Have total household income of less than $99,600 (including wages/salary, working for families, accommodation supplements, etc)
  • Have at least one member of your household in full-time employment (>35 hours per week)
  • Not currently own a house or any other property, or have significant other realisable assets.

Priority will then be given, in order, to those households:

  • With total household income at or below the median Christchurch household income (currently $83,000)
  • With children
  • With existing savings/deposit (this could be from savings, KiwiSaver, the KiwiSaver HomeStart Grant, etc)
  • First home buyers

If you think you are eligible and would like to apply, please read our FAQs, then complete the online application form.

What next?

Applications for the first round of funding close on 15 December 2019 (or sooner if there is greater than projected demand). Successful applicants will be notified by 31 January 2020 and we will work with these households to assist them to participate in the Initiative from February 2020 onwards.

Additional funding dates will be announced in early 2020.