$20m housing partnership for BNZ and Ngāti Whātua Ōrākei

The iwi – based at Ōrākei marae in Okahu Bay (above) – has assets valued at $1.5 billion. (Image: Ngāti Whātua Ōrākei)

Fri, 12 Jan 2024

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A $20 million collaboration between Ngāti Whātua ki Ōrākei and the Bank of New Zealand will result in housing for Māori who belong to the Auckland central iwi.Twenty-four homes are expected to be built this year on Hawaiki St in Ōrākei, close to the iwi's principal marae and in an area of desirable properties – 3 Hawaiki St recently sold for more than $2 million.BNZ's $20m "social loan" was certified by EY NZ.Under the model, members of Ngāti Whātua ki Ōrākei who meet the bank's standard home-lending criteria ca...

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