Progressive Home Ownership changes increase opportunities for first home buyers
Changes are being made to the PHO scheme from 14 August 2023 to help address some of the barriers individuals, families and whānau face purchasing their own homes through the Progressive Home Ownership (PHO) scheme.
The PHO programme is aimed at increasing home ownership for people who might otherwise not be able to afford a home. Introduced in 2020, the $400 million PHO programme aims to helps people into home ownership, focusing on whānau with tamariki, Māori, and Pacific peoples. The programme aims to get at least 1,500 households contracted by June 2024.
PHO has currently has 861 households contracted, as at 30 June 2023.
https://www.hud.govt.nz/news/progressive-home-ownership-changes-increase-opportunities-for-first-home-buyers/
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