BNZ has created a solution to lending for housing on Māori land

​Lending on Māori land a pathway to prosperity

BNZ is sharing its new Māori land-lending framework with other banks to allow homes to be built on communal land
Newsroom Article, 11 January 2024

"The new framework employs standard leasehold mortgage lending practices, underpinned by a confidential Deed of Understanding. This means that in the face of any challenges, the land integrity and control is preserved with the iwi or hapū – in this case Ngāti Whātua Ōrākei, who would take over in the event of a distressed mortgage."

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hawaiki

Ngāti Whātua Ōrākei are leveraging the BNZ lending initiative to build a 24 home development called Hawaiki. It is in central Auckland, on the corner of Hawaiki Street and Kupe Street.

"We are building 24 one, two and four-bedroom terraced homes for our Ngāti Whātua Ōrākei whānau to own, and to assist whānau into home ownership. ... More homes allows for more of our whānau to help maintain our ahi kaa, our long history and connection to our whenua."

Read about Hawaiki