Here in UK was something similar, with 5% your deposit and 20% state owned, but it was tricky, as 5 years the interest was zero, and after that, if you did not pay it, they will charge you interest first and principal second, so basically they will get your hard work money. Quite misleading advertising also.
What I also find interesting is that they make it seem like it is the government doing a favor for the people, when it is using the value of the people to do so. Essentially, rather than fixing the issues, they are throwing the money of the people with the issues back at them, and then taking a cut.