The government deposits $ 12 million to pay uninsured Christchurch red zone homeowners, more than seven years after the earthquakes.
It affects 103 uninsured homeowners, whose earthquake damaged properties lie in the red zone areas of Kaiapoi, Kairaki, Pines Beach, Brooklands, Avon River, Southshore and the Port Hills.
Those homeowners have offered 100 percent of their value in real estate dating back to 2007 – 2008.
For Phyllis Thom, the native of New Brighton, it was the news she had been dreaming about for years.
"It's so exciting that we can hardly talk about it, so we might be able to get a house now, this house we're in now is a very nice house to look at, but it has to be lifted up.
Mrs. Thom was planning to take out home insurance, but they were not covered when the earthquakes struck.
She said that many people were caught by the earthquakes in Canterbury.
"It was a huge, traumatic experience for all citizens of Christchurch, we just thought & # 39; we are part of it and everyone has to pull everything together."
However, a person who will not accept the government's offer is Bexley, a resident of Rae Francis.
She said she had already crossed it.
"We will not accept [the offer] if it is the [2007-2008 property valuation]. It's 2018, for heaven's sake. "
Mrs. Francis said that she and her husband could not find another home in their price range, even if they tried it.
"If we had offered that in 2012, we would have taken it because it was much better." We looked at houses and we could not get anything [based on the government’s offer]. "
National EQC spokesman Stuart Smith said that today's announcement could create a regrettable precedent and was unfair to people who had taken out insurance.
He said there was now a risk that real estate owners would wait for the Crown to save them instead of buying a disaster insurance.
Minister for Greater Christchurch Regeneration Megan Woods said it was up to homeowners to decide whether they would accept the offer.
"I am hopeful that anyone who wants to go further with the next chapter in his life … and has been fighting for this since 2013, that they will now have that chance."
They have to be paid in the coming weeks.