$20m housing partnership for BNZ and Ngāti Whātua Ōrākei

$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)
Tamara Poi-Ngawhika
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...

More Property

Housing market picks up
Property

Housing market picks up

Five regions shows particularly strong growth. 

Staff reporters 16 Apr 2024
Ministry racks up rent bill as dispute over vacated office drags on
Property

Ministry racks up rent bill as dispute over vacated office drags on

The Kaikōura earthquake continues to impact property matters in the capital.

Jem Traylen 16 Apr 2024
Developers’ bankruptcy battle enters fourth year
Property

Developers’ bankruptcy battle enters fourth year

No love lost between Tim Edney and Neville Mahon. 

Victoria Young 12 Apr 2024