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Affordable Home Ownership

Shared Ownership Programme

Designed to help working families to buy their first home

Our Shared Ownership Programme provides an opportunity for you and Housing Foundation to share the ownership of a property. You would buy a majority share of the property (usually 60% or more) making it more affordable for you than if you were to buy 100%.

Housing Foundation would retain ownership of the remaining share of the property (e.g. 40%) and both you and Housing Foundation would be recorded on the property title as owners until you are able to buy us out. Most households are able to do this within 7-10 years.

You will need a deposit (your savings plus KiwiSaver) and a mortgage for the balance of the purchase price to buy your share. This will all be explained to you in detail before you are asked to sign a Shared Ownership Agreement. Look at this example where you buy 70% and Housing Foundation retains the remaining 30%.

Example figures for a 70% ownership share

Property’s market value (for example only) $700,000
Household buys 70% of the property with their mortgage and deposit $490,000
Housing Foundation’s ownership amount is the remaining 30% $210,000

In this example, Housing Foundation retains 30% ownership of the property. You can buy our share out over time as your savings and/or income grow. Your funds for the initial purchase come from your deposit saved and the mortgage amount borrowed from the bank.


Rent to Own (HomeSaver Programme)

If you have debt over $10,000 and/or a lower deposit than $10,000, our HomeSaver Programme may be an option for you.

Please apply and Housing Foundation will assess your Application and advise you which programme is most suitable for you based on your financial circumstances.

Find out more about the Rent to Own (HomeSaver Programme).

Current Housing Developments


Two, three and four-bedroom apartments and houses under construction now.


Sixteen new townhouses under construction now, eight of these are for our Shared Home Ownership programme.

Flat Bush

Four-bedroom homes for working families with two or more children.


A new development in the Tamaki area is coming soon.


Home ownership opportunities in the Greater Christchurch area; one such opportunity is in Halswell Commons now!

How Shared Ownership works

  • You buy what you can afford – usually a minimum of 60% of the value of the property
  • Your share grows in proportion to your investment
  • You can increase your share to 100% over time; Housing Foundation encourages you to become the full owner of your home
  • When you want to move on you can sell your share (e.g. 60%) back to the Housing Foundation based on an independent valuation, or you and the Housing Foundation can sell the property on the open market with the proceeds being shared according to the ownership percentage (e.g. 60% / 40%)

Under this arrangement, you secure a mortgage with a bank. Housing Foundation will assist in this process as we work with major banks who support our programme.

As your financial situation improves, you can increase your share (percentage) of ownership until you own the property 100%.

Each time you apply to purchase additional shares in your property, you are required to pay an Application Fee which covers a new valuation and our administration costs. You may buy additional shares from one year after moving in, in portions of no less than 5% at a time, until you own 85%. The final purchase of 15% is to be done in one transaction and then you own your home 100%.

Housing Foundation does not charge you rent or a monthly fee on the share it owns. We do charge an Annual Management Fee to cover operational overheads, dealing with the administration of the property and for assisting you achieve full home ownership over a period of time.

How do I qualify for the Shared Ownership Programme?

You need to be:

  • A New Zealand Citizen or Permanent Resident
  • A first-time home buyer
  • Have minimal debt
  • Have a total household income of approximately between $65,000 and $95,000 gross (before tax) per year. Please check the requirements for the location you are applying for, as they do vary.
  • Have a deposit of approximately $10,000. Please check the requirements for the location you are applying for, as they do vary.

What if I have debt?

It depends on the amount of debt you have. A small amount of debt (up to $5,000) may not be a block to qualify. However, a debt of between $5,000 and $10,000 or more, will significantly reduce your ability to qualify for a mortgage from the bank.  Housing Foundation will make an assessment of your financial position and may recommend you start on the Rent to Own (HomeSaver) Programme instead.

What is the minimum deposit required?

You must be able to provide a deposit of approximately $10,000 to be considered for our Shared Ownership programme.  This can come from your KiwiSaver account if their terms and conditions are met.

Where are the houses?

Please check our locations for where we are building now and in the near future.

How is the market value of the property determined?

It is determined by an independent registered valuer, who sets the value based on recent sales in the area.

What role does Housing Foundation play as shared owner?

Housing Foundation plays a passive role.  Housing Foundation does not charge the household any interest or rent for its share of the property.  When the property is sold, both the household and Housing Foundation get their share of any increase in the value of the property.

For example, the below figures show a household ownership share of 70%:

Property purchase price (example only)   $700,000
Household’s ownership amount (70%) $490,000
Housing Foundation’s ownership amount (30%) $210,000

How often can I increase my share in the house?

You may purchase more shares-a minimum of 5% each time-in your home any time after the first anniversary of your purchase date.  Once you own 85% of your home, you must buy Housing Foundation’s remaining 15% in one transaction.

How long could it take for me to fully own the house 100%?

Housing Foundation expects you to fully own your home within 15 years.  If you do not own it outright by then, Housing Foundation will charge you interest on the share of the house that you do not own.

How do I apply for the Shared Ownership Programme?

You apply using the online Application Form.

What happens next?

Housing Foundation will assess your Application and advise you which programme is most suitable for you based on your financial circumstances.

Find out about the Rent to Own (HomeSaver) Programme.

How do I apply?

Are you ready to begin the application process?

Once you submit an Application, it can take up to 6 months before you are approved for a home. Not every Application is successful but we will do all we can to help you become a homeowner as quickly as possible. This may include helping you manage your finances better so you become ready to take on the responsibilities associated with home ownership.

Check these essential requirements

  • You must be a NZ Citizen or Permanent Resident, and
  • You must be a First Home Buyer, and
  • One person in your household must be in full time employment

Check locations and eligibility criteria

Check the locations where Housing Foundation is building homes now or in the future and the eligibility criteria and requirements for each of those Locations.

Check that you have all the Supporting Documents

Housing Foundation needs your personal, financial, family and employment information so we can assess your application.

For each Applicant you will need to upload or send:

  • Proof of NZ Citizenship or Permanent Residency
  • Three most recent, consecutive payslips verifying your income for the current year
  • Statements of debts (e.g. hire purchases, finance company loans, etc.)
  • Three most recent, consecutive Bank Statements showing savings/deposit
  • KiwiSaver Statement or Letter showing savings
  • Cover letter is optional but helps us to understand your circumstances

Complete your application form

Complete our secure online Application Form here

OR download the Application Form, complete it by hand and send by courier or registered mail for security reasons, with all the Supporting Documents to: Housing Foundation PO Box 44018 Pt. Chevalier Auckland 1246

What happens next?

Once you have submitted your Application Form and supporting documents to the Housing Foundation you will be sent an acknowledgement message. It may be several days or (sometimes) weeks before you are contacted again. Please be patient while we assess your Application – there is a lot of information to go through.


To all our valued families, stakeholders and suppliers

This describes the steps Housing Foundation is taking to respond to COVID-19 while continuing to operate.

We will continue to operate while ensuring we do everything possible to keep our team, families, stakeholders and suppliers safe.  The safety of our employees and households in our home ownership and rent to own programmes is a priority. The steps we will take to reduce risk include:

Housing Foundation team members will be available to be contacted as follows:

Enquiries regarding Home Ownership Applications and general enquiries to: info@housingfoundation.co.nz
Enquiries regarding home maintenance to: maintenance@housingfoundation.co.nz
Enquiries regarding office, financial and business operations to: office@housingfoundation.co.nz

Call Centre number is freephone 0800 4 HOUSING (446 874)

If you have any questions or concerns, please do not hesitate to contact us on one of the above emails or reach out to me or a member of the team directly.

We hope you continue to stay safe and remain well.


Kind regards,
Dominic Foote
CEO Housing Foundation