to deliver 170 rental homes
$58 million deal between the Crown and an iwi housing provider is promising to deliver a minimum of 170 affordable rental homes across Taranaki, Tokoroa, Blenheim, Thames and Tāmaki Makaurau.
The partnership between Ka Uruora - a collective iwi consortium focused on housing and financial well-being - the Ministry of Housing and Urban Development and Te Puni Kōkiri was announced in New Plymouth this morning.
As well as delivering affordable rentals the partnership the deal will have a focus on progressive home ownership schemes and financial education.
Ka Uruorato chair Jamie Tuuta said the deal would enable whānau to move up the housing continuum and achieve greater housing and financial independence.
"We have developed a long-term co-investment partnership model with iwi designed to support our whānau move up the housing continuum and achieve greater housing and financial independence.