Frequently asked questions

Shared Home Ownership is an innovative way to buy your home that’s more affordable.

Through our Shared Home Ownership Programme, known as OWN IT, we will cover approximately 30% of your home’s total value. This means you pay less upfront for a deposit, compared to buying the whole house!

Over time, you will buy out our share until the home is 100% yours. This can be done over a 20-year period or sooner.

Our friendly team will journey with you throughout the process and provide all the support you need.

No - we don’t sell our existing state homes, and we can’t help you buy a house you’re renting privately. If your OWN IT application is successful, we will match you with one of our new homes in Tāmaki. We will work with you to find a new home that suits your whānau’s needs. 

On average it takes two years for people who join OWN IT to get ready to buy a home. 

The time it takes from applying for an OWN IT home to moving in will depend on the size of the house you need and how close you are to being ‘mortgage-ready’.

To qualify for a Co-Own It home, you must have a total household income of around $85,000 - $150,000 per year (before tax). 

To qualify for our OWN IT Multigenerational pathway, you must have a combined household income of up to $205,000. This can be across whānau of 6 or more, or whānau of 2 or more family units living together.

This is the income level needed so that mortgage payments are affordable. 

Having a Tāmaki connection could mean you live, work, or whakapapa back to the area, or you want to make this community your home. You might have connections to Tāmaki through your marae, school or church. 

Because banks assume most people will take 25-30 years to pay off their mortgage, they might be less likely to give you a mortgage if you are older. It can depend on the bank you are working with and your general situation. We can help you look at your options. It can also help if you are able to buy the house together with any adult children you have. We can work with you to organise this as well. 

It is normal for whānau to start their OWN IT journey with debt or little to no savings. We provide financial literacy workshops that help whānau manage their finances so they can achieve home ownership.

We are currently developing a range of affordable housing types to suit a variety of households. They will range in size from two to five bedrooms.