The Tāmaki Rent to Buy Programme
Check you’re eligible
To qualify for the programme, your whānau must:
- Be prepared to get ‘mortgage ready’ in five years (in other words, you will have a deposit saved and be confident you can pay for your mortgage)
- Have a connection to Tāmaki (for example, you live in, work in, or whakapapa to Tāmaki)
Tāmaki Housing tenants, Māori whānau and Pasifika kainga will be prioritised for the programme.
Apply for the programme
If you think you’re eligible, speak to your Tenancy Manager or get in touch with the NZ Housing Foundation (NZHF). An NZHF Housing Manager will request details of your:
- Household income
- Savings and any debt
- How many bedrooms your whānau needs
Get set up on the programme
NZHF will let you know if you’ve been accepted into the programme.
You will need to sign a:
- Tenancy agreement
- Sale and purchase agreement. This is your commitment to buy the home when you are mortgage-ready at the end of the programme.
Work towards your goal
We’ll support you to get mortgage-ready.
During the programme, you’ll work with:
- A TRC Tenancy Manager. They will perform regular home visits and will be your point of contact for any issues with your tenancy, rent or home.
- An NZHF Household Manager. They will check in with you once a year for financial reviews, and help you make progress towards mortgage readiness. They may recommend you join the Pathways to Housing Independence Programme.
Apply for a Shared Ownership Home
Once you’re mortgage-ready at the end of five years (or sooner), your Household Manager will help you apply for Shared Home Ownership. You can use half of the increase in value of your home while you were in the programme to put towards your deposit. You will initially share ownership of the home with Tāmaki Regeneration Company, and will increase your share of the home over time to eventually fully own the home.
