Help for owners of earthquake prone buildings
Wellingtonians of earthquake-prone units can now apply for cheap Government loans to fix their home, but some are already slamming it as “coercive debt”.
From today, owner-occupiers of units and apartments in earthquake-prone buildings can apply for up to $250,000 in low-interest loans.
There are still 561 buildings overall, including units and apartments, registered as earthquake prone in Wellington City.
The average cost of earthquake repairs for apartments has been estimated at $500,000.
Minister for Building and Construction Jenny Salesa said the scheme aimed to help owners avoid being forced to sell their home or face “huge financial hardship”.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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59.5% Yes, supporting people is important!
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26.2% No, individuals should take responsibility
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14.4% ... It is complicated
Storm damage and garden clean ups
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Wild weather in Wellington
Wellington’s wild weather is really making itself known — trains and flights are being cancelled, and drivers are being reminded to take it slow and stay safe out there.
Want to stay in the loop and see what’s happening next? The Post has all the latest updates to keep you covered.
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