Progressive Home Ownership
Habitat Auckland has traditionally built new homes for low income families through a progressive 'rent-to-buy' home ownership model.
Partner families make regular affordable payments to Habitat to pay for their home. These payments are reinvested back into the programme through a revolving “Fund for Humanity”, allowing Habitat to build more homes for families in need.
Families are supported with financial advice and home management skills until the time they can refinance and purchase their home from Habitat. Families also invest 500 hours of their own time building their own home or for others in the community.
Habitat is currently working with the Labour government to see where their new housing plans and policy can best support an ongoing build programme within Habitat's strategy.