Low-cost housing grants?

Thom asks:
(updated on Wednesday, November 28th 2012)

I have a two house, five lot subdivision with resource consent in Fairfield , Hamilton City. I am interested in developing by completing subdivision and building or placing three three bedroom homes on the additional sections. These will be in the $320,000 to $340,000 range. Are there any grants or help available to help with low cost homes construction in Hamilton?

Our Experts Answer:

Generally there are no grants available to individual land owners. If you are intending to sell the properties and are having trouble financing the whole project there are a number of companies who help put new homes buyers together with land owners and house builders.

Heartland Bank - Online 1.85
HSBC Premier 2.19
HSBC Special 2.25
Kainga Ora - First Home Buyer Special 2.25
China Construction Bank Special 2.65
Kainga Ora 2.88
SBS Bank Special 3.15
TSB Special 3.29
The Co-operative Bank - First Home Special 3.29
ICBC 3.29
Select Home Loans 3.34
Heartland Bank - Online 2.35
HSBC Premier 2.45
China Construction Bank Special 2.65
Select Home Loans 2.99
Kainga Ora 3.28
SBS Bank Special 3.69
ICBC 3.85
Resimac 3.89
Bluestone 3.89
TSB Special 3.94
Wairarapa Building Society 4.05
China Construction Bank Special 2.99
HSBC Premier 3.19
Select Home Loans 3.54
Kainga Ora 4.22
Bluestone 4.29
Resimac 4.29
SBS Bank Special 4.49
TSB Special 4.70
ICBC 4.79
The Co-operative Bank - Owner Occ 4.85
Westpac Special 4.95
ANZ Blueprint to Build 2.03
Heartland Bank - Online 2.25
ASB Back My Build 2.29
Resimac 3.39
Select Home Loans 3.49
Bluestone 3.74
ICBC 4.15
Kiwibank Special 4.25
Kiwibank 4.25
Kiwibank - Offset 4.25
Kainga Ora 4.43