A joint Housing New Zealand and Te Kaarearea Housing Partnership development is now underway on the old Jebson place site in Hamilton, which the government says will mean home ownership for many of the Waikato-Tainui whānau.
The development will offer a mix of options from two to four bedrooms and they will be selling from between $45,000 to $550,000. It is said to house up to 50 whānau.
“As I have always said our people are lagging behind the rest of the population when it comes to home ownership,” Minister for Māori Development Hon Nanaia Mahuta said. “At the last census says only 28% of Māori adults owned their own home, compared to 50% of the total population.”
Expressions of interest open this week, and registered tribal members who are first home buyers will have the first option to buy a home.
Waikato Tainui said the construction will begin this month and will be completed in mid-late 2019.
“My priority is to make sure our people have warm and secure housing,” Mahuta added.
“Te Kaarearea is a win for both Waikato Tainui, the Hamilton City Council and Housing New Zealand.”