The Government has created a special financial package, to help people building their first home with the cost of their home loan.

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This initiative is called E kāinga toku – I have a home.

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The Government will provide a cash grant to help people building their first home. The grant will be set at $13,800 per recipient. This will be paid in five equal annual amounts ($2,760 a year for five years).

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Applicants must meet certain eligibility criteria, including limits on the size of the loan and of the house being built. These criteria are in addition to banks’ usual commercial lending criteria, checks and requirements.

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When it starts

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The funding for this initiative starts in the 2025/26 financial year. The Ministry of Finance and Economic Management anticipates launching the first funding round in July 2025. A public announcement will be made once applications are open for submission.

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Applicants must have a mortgage that has been approved after 1 July 2025.

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Grants will be processed and approved in the order in which they are received by the Ministry, until the annual funding cap is reached each year.

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How do I apply?

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Applicants will need to complete a form, and submit this to the Ministry of Finance and Economic Management along with required documentation.  The Ministry will issue instructions on the application process once the first funding round opens in July.

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