The highly anticipated KiwiBuild reset will be announced today.
Housing Minister Megan Woods will reveal changes to the programme, which 1 NEWS understands will include a rent to own scheme.
On Monday , 1 NEWS political reporter, Benedict Collins, outlined the rent-to-own scheme that's thought to be included in the reset.
"We've learned today that part of the KiwiBuild reset will include a scheme aimed at giving renters a hand up into home ownership.
1 NEWS’ Political editor says she understand the name “Kiwibuild” will stay. (Source: Other)
"Under a rent-to-own scheme each week a portion of someone's rent would be set aside and that money would be used to build up equity or a deposit for that home so that eventually the renter could buy it off the Government, or off a community housing provider, and own it themselves.
"The Green Party have said all along this should be part of the KiwiBuild programme," Collins said.
KiwiBuild suffered a raft of issues, including missed targets , which led to questions around its long term feasibility.
The head of KiwiBuild, Helen O'sullvan resigned last month.
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