Progressive Home Ownership
As house prices have increased, families who would once have bought a home have been priced out of home ownership.
Given the gap between house prices and what is affordable, many will face challenges in purchasing a home in the future.
Through the Progressive Home Ownership Fund, we are supporting more individuals and whānau into homeownership by:
- enabling housing providers to develop and expand their progressive home ownership schemes through the Provider pathway,
- supporting Iwi and Māori organisations to offer PHO through Te Au Taketake , and
- providing financial support for eligible first home buyers, through First Home Partner.
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Progressive Home Ownership Fund
The Progressive Home Ownership (PHO) Fund is a $400 million investment that will help between 1,500 and 4,000 individuals, families and whānau buy their own homes.
May 12, 2021
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Funding pathways
Organisations can access the Progressive Home Ownership Fund (PHO) to establish or expand their progressive home ownership programmes through two dedicated pathways.
May 12, 2021
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Accessing PHO funding
Funding is now available to eligible providers with a new or existing PHO product through the Progressive Home Ownership Fund.
May 12, 2021
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Purchasing a home with PHO
Through the Progressive Home Ownership (PHO) Fund, individuals, families and whānau will be able to achieve better wellbeing, health, and education outcomes through secure tenure in newly built warm, dry, and safe homes that meet their needs.
October 5, 2021
Published: October 4, 2021