25 May 2010

Govt pleased with public response to leaky home package

5:49 am on 25 May 2010

The Government says it is pleased with public response to its leaky home package, which was announced last week.

Under the plan, homeowners can opt into an arrangement where the Government and councils each pay 25% of the repair costs for a leaky home.

Homeowners would pick up the remaining 50% of the bill, with access to a Government guaranteed bank loan.

Prime Minister John Key says the Department of Building has received 140 inquiries from existing claimants about the financial assistance package.