As part of Budget 2010 the government has made a full and final offer to cover the cost of 25% of leaky home repair bills. This offer is open if local authorities match the offer and owners drop litigation against the government and local authorities. The government will also guarantee bank loans for the owners of leaky homes to pay for their part of the repairs.
Twenty three local authorities (including Wellington, Christchurch and Auckland - which represent 90% of leaky building claims) have officially declared their support for the package.
More information can be found at: www.dbh.govt.nz/ws-proposedfinancial-assistance