More Affordable Homes for Tamaki whanau
Home ownership will become a reality for many people connected to Tāmaki in the next 20 years.
Tāmaki Regeneration (TRC) now has the go-ahead to plan and build 1500 more affordable homes in the next two decades. The expansion is part of TRC’s Affordable Housing programme, which has been running for five years.
“This is a great opportunity for some first-home buyers with a strong connection to Tāmaki, and especially our Māori and Pasifika whanau, who are right at the heart of our community, says Afoa Tevita Malolo, TRC’s social transformation and strategic partnerships general manager.
“By supporting current Tāmaki Housing tenants to buy one of our new affordable homes, we’ll also make more state homes available locally over the years. However, we know the affordable housing programme won’t suit all of our Tāmaki whanau looking to get into home ownership, as the houses are being built over a long period of time.”
TRC also plans on off ering more places on the Pathways to Housing Independence (PHI) programme, which helps whanau reduce their debt and get ready to secure a mortgage and buy their own home. More than 200 whānau are already in the PHI programme, which TRC will expand as more homes are built.
Alongside our partners the NZ Housing Foundation and Commission for Financial Capability, TRC has helped 13 whanau who have moved into their first home as part of our shared ownership pilot, and another 17 whānau will join them by the end of next year.
Shared ownership sees TRC buying a share in the homes alongside local whānau. The whānau then has the opportunity to buy TRC’s share back over time.
In addition, TRC is building 18 apartments on West Tāmaki Road, which will offer affordable rental options to local whānau who don’t qualify for state housing, Afoa says. And as part of stage one of the Hinaki development in Panmure North, NZ Living will build 61 contemporary Kiwibuild apartments.
“All of this mahi will support TRC’s commitment to enhance the wellbeing of Tāmaki people and help make sure those whānau who want to stay in Tamaki can,” Afoa says.
“We feel positive about the progress we’re making, alongside the community.”
TRC’s broader 20-year plan is to replace 2500 state houses in Tāmaki with 3500 state homes, 3500 private market homes and 3500 affordable homes. That’s 10,500 new, warm and dry homes overall.
For more information on TRC’s affordable housing programme, visit www.tamakiregeneration.co.nz/affordable-homes or to find out more about the Pathways to Housing Independence programme, email email@example.com