Westpac collaborated with New Zealand Housing Foundation to enable Waikato-Tainui to create a shared equity scheme helping their tribal members buy their own homes. This new housing development includes 80 residential properties – a mix of 30 public and the remaining private housing – whereby everyone who is living in this cul de sac is Waikato-Tainui whānau. The first whānau moved into two of the finished homes in February and they hope to have all the families into their new homes by the end of this year, a project two years in the making.
“These things have a generational impact, so it’s not just about the family in the home, it’s about their generations to come.” - Marae Tukere, GM Tribal development and wellbeing, Waikaito-Tainui
Last year, Westpac worked with Ngāti Korokī Kahukura, an iwi entity from the Waikato on a housing shared equity scheme. This September, 10 families received the keys to their new homes. Many of these families thought that owning a home was never going to be within their reach, this shared equity home ownership model has changed lives forever for the families. A committed Westpac team provided ongoing support as well as facilitating Managing Your Money workshops– helping to ignite financial possibilities for the whānau involved in the scheme.