Rural Housing Act ‘no longer needed’
PA Wellington The Government will repeal legislation which allows the Housing Corporation to lend money to local authorities who then lend it to farmers. The Minister of Housing, Mr Goff, said the Rural Housing Act was no longer needed because the Rural Bank and the Housing Corporation now fulfilled the role for which the act had been intended. The present procedure involved the double handling of money and this was unnecessarily expensive, said Mr Goff. Territorial authorities
raise funds direct for housing and those a wishing to continue to advance home finance could do so. For the year ending March 1985 the Rural Bank provided $20.24 million for owner and “on and off farm employee” housing. It also provided another $16.99 million specifically for farm worker housing and $2.98 million in building loans to agricultural, contractors in 1985. Mr Goff said that the Housing Corporation also provided housing finance in the rural sector through its ordinary lending schemes for first-home, modest-in-come, buyers. "
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850713.2.21
Bibliographic details
Press, 13 July 1985, Page 2
Word Count
168Rural Housing Act ‘no longer needed’ Press, 13 July 1985, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in