12. Question No. 12—HousingANDREW BAYLY (National—Hunua) to the Minister of HousingQuestion No. 12—Housing12. ANDREW BAYLY (National—Hunua) to the Minister of Housing: How much funding if any will each household receive in her progressive home ownership proposal that is expected to help 2500 to 4000 households with a budget allocation of $400 million?Hon Dr MEGAN WOODS (Minister of Housing): As I explained to that member last week we are currently designing the $400 million progressive homeownership scheme. Work on this scheme is under way and I will take a detailed design to Cabinet later this year. There are a number of options for this scheme that we need to consider and analyse and uptake in amounts per household will vary depending on design features and variables such as house prices how much equity the Government provides and whether an equity share or a rent-to-own scheme is in the final mix. The 2500 to 4000 households is an initial estimate based on varying numbers of factors such as the amount of shared equity and the cost and location of a house.Andrew Bayly: Does she agree that if $400 million is allocated to help 2500 to 4000 households the approximate average amount each household would receive must be between $100000 and $160000? Hon Dr MEGAN WOODS: The member is getting ahead of himself. As I explained on numerous occasions we are currently working through the detailed design features. This will have a huge impact on the amount that each household receives. The estimates that we are using are based on a 15 to 25 percent shared equity for a lower quartile house in Auckland. That equates to about $97500 to $162500 per household. But if we were to move that down to Christchurch for example where there are lower house prices and a lower equity taken that could be as low as $75000. The member needs to wait for the final design features.Andrew Bayly: When she stated last week in the House that under a shared equity scheme a loan would be repaid back over time would this payment include an interest component?Hon Dr MEGAN WOODS: What the member and I talked about last week was a variety of products that fall under the broader heading of progressive homeownership. When there is a shared equity scheme a portion of the home is owned by the homeowner and another portion of equity is owned by a third party usually by a community housing provider in this country at the moment because we have yet to have a Government that has been active in this space—unlike this Government that is committed to helping more New Zealanders into the opportunity of homeownership. That is a commercial mortgage with interest payments. However as I explained to the member last week if it is a rent-to-buy scheme which also falls under the progressive homeownership banner that can be a cashing out of the amount of equity built up through rent over a period of time such as through Habitat for Humanity—typically around nine years.Andrew Bayly: Where a first-home buyer defaults on their mortgage will the Crown be first in the queue to receive its money back if the property has to be sold?Hon Dr MEGAN WOODS: I think that member should wait for the Opposition spokesperson for housing to get home because the week we announced this of course the Hon Judith Collins said I've always been a big fan of those. I think it's a great way of getting people into homes they can own and that they can leave for their children." We are proud we are committed to expanding homeownership opportunities for New Zealanders. We have a number of these schemes operating in New Zealand successfully now. We on this side of the House are committed to making sure that we can help more New Zealanders into the opportunity of homeownership.SPEAKER: That was a very extensive answer which didn't address the question. I'll ask the member to repeat the question.Hon Dr MEGAN WOODS: Thank you Mr Speaker. I would have thought that my primary answer and most of the answer to my supplementary question that said we are working through the detail—SPEAKER: No no. Order! One can't back-date one's answers. I'll ask the member—if she remembers the question I'll just get her to at least address it.Hon Dr MEGAN WOODS: Mr Speaker as I have explained to that member in the answer to my primary question and I think every supplementary question that he has asked me we are currently working through the design detail and we will have those. We are proud that in our first term of Government we are expanding homeownership opportunities for New Zealanders.Andrew Bayly: Why after seven delays of a KiwiBuild recalibration two years in office a Cabinet paper seeking an allocation of $400 million—SPEAKER: Order! Order! The member will now ask a question.Andrew Bayly: —can she not provide the House with the most basic detail of her progressive homeownership scheme? SPEAKER: Oh right. Well I can understand what the member was getting at but she'd better address it.Hon Dr MEGAN WOODS: OK. We are committed to expanding homeownership opportunities for New Zealanders and that is what we are delivering. We stand by our record that in our first term in Government we have allocated $400 million and will be delivering a progressive homeownership scheme. That party when in Government promised 39000 houses through the special housing areas; they delivered 3100 only 100 of which were affordable. I'll take our record over theirs any day of the week.Hon Chris Hipkins: What indications of support for progressive homeownership has the Minister seen?Hon Dr MEGAN WOODS: I was very pleased to see on the day that we announced it such glowing admiration for the scheme from the Opposition spokesperson for housing the Hon Judith Collins—and I think that member should probably talk to her about this when she gets home from her trip—"I've always been a bit of fan of those. I think it's a great way of getting people into homes that they can own and they can leave to their children."Rt Hon Winston Peters: Who said that?Hon Dr MEGAN WOODS: The Hon Judith Collins.Question No. 9 to MinisterHon SHANE JONES (Minister of Forestry): I raise a point of order Mr Speaker. The ruling you gave earlier is an important ruling because it affects the rights of members of families and the decorum of the House. But sir given that the person in question has a reputation and has already spoken about these issues in this House and around these precincts publicly over the three or four years surely your ruling is both too restrictive and denies members of the House from bringing colour and character back to this Chamber.SPEAKER: Well I'm just going to deal with this one very very easily and refer the member to Speakers' ruling 20/3."