16 | Te Rūnanga o Ngāti Rēhia Trust i REGIONAL DEVELOPMENT Ōwhata Kohanga Rakau LP 07 377 0154 | pennyhomes.co.nz Proud builder behind He Iwi Kainga BUILDINGCOMMUNITIES FORKIWIS Newmodel for home ownership In Te Puke, the Te Mania development, created in partnership with Flowerday Homes, is offering shared home-ownership opportunities. T T from page 14 All projects are supported by Te Tūāpapa Kura Kāinga - the Ministry of Housing & Urban Development, and Jason stresses that the combination of innovative financing, strong partnerships and careful planning is key to success. He is clear that the trusts are seeking to expand the model further. “Even after delivering these projects we will still have over 500 people on our waiting list. “ We are also looking for opportunities to grow and are interested in talking to other landowners in the Bay of Plenty we might be able to partner with.” We’re proud to be Ōwhata Kōhanga Rākau Housing’s banking partner, supporting its community-focused housing development on Māori whenua in Rotorua. Email sustainablefinance@westpac.co.nz to find out more. Westpac New Zealand Limited. “We developed a groundbreaking structure the banks will support,” he says. “It’s a registered leasehold interest on Ahuwhenua Trust land, making it pioneering and enabling families to access finance that was previously unavailable.” Koutu, on Frank Street, Rotorua, is another project underway. Comprising 39 affordable rentals, 27 are completed, while 12 more are being constructed by Penny Homes and are due to finish by June. The homes range from two to three rooms, designed for families, couples and kaumātua. Each property is energy-efficient, lowmaintenance and built to last with adequate landscaping and outdoor spaces. In Te Puke, the Te Mania development, created in partnership with Flowerday Homes, is offering shared home-ownership opportunities. The subdivision sits on gently sloping land with northern aspects and rural views. Medium-density housing has been planned to include open-space reserves, community gardens and playgrounds, with walkways linking homes to native gullies and public areas. Ōwhata 2B & 7 Ahuwhenua trusts collectively manage approximately 28 hectares of Māori-owned land in the eastern Rotorua area. The trusts are governed by six trustees and are responsible for protecting and enhancing the land for future generations. Jason says these projects reflect the trusts’ kaupapa to be kaitiaki of the whenua, nurturing it while creating sustainable housing opportunities for whānau that whakapapa to the area.
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