Sallies call for RBNZ to provide banks with guidance to help curb risk-aversion when it comes to lending against housing with alternative tenures such as progressive & co-ownership ownership
10th Dec 20, 4:45pm Image sourced from pxhere The Salvation Army wants the Reserve Bank (RBNZ) to make it easier for banks to lend against residential property with alternative tenures. In a briefing to the Housing Minister, the charity said a “mature” housing market should have at least 20% of its stock comprised of alternative tenures like cooperative ownership, co-ownership, progressive ownership, community land trusts and build-to-rent set-ups. It said New Zealand would benefit from a market that provided more “choice, amenity and affordability”. The Salvation Army maintained the...
Source: interest.co.nz