A real opportunity to own your own home.
Shared Ownership could be your chance to own your own home in Auckland for probably less than you think. The programme offers first home buyers a helping hand by providing an opportunity for the buyer and Housing Foundation to share the ownership of a property.
How does it work?
You buy a majority share of the property (usually 60% or more), which makes it more affordable than if you were to buy 100%. We can help you every step of the way to get a mortgage from a bank to help buy your share.
Housing Foundation retains ownership of the remaining share (for example, 40%) and both you and Housing Foundation are recorded on the property title as owners until you are able to buy us out. We have done this successfully with hundreds of families and most are able to buy us out after 7 to 10 years.
To keep it affordable, in our programme your mortgage payments won’t be more than 30% of your income.
Am I eligible?
Because the Housing Foundation is a charitable organisation we have some rules around who we can help.
You must:
– Be a New Zealand Citizen or Permanent Resident
– Be a first home buyer
– At least one member of the household in full time employment
– Manageable debt (not including student loans)
– A combined household income $85,000 – $120,000 gross before tax
Brand new townhouses are available now
Take a step to start your journey to home ownership
- You can trust us – we are a charity with a long history of helping hard working Kiwis get their first home.
- Our website has the photos and stories of the many families who have made the change from renting to owning.
- We don’t need to tell you — owning your own home can change your life, giving your family a better future.
Take a moment to fill out this form and submit.
Join our community
Housing Foundation may be a charitable organisation but we are an experienced developer of residential land. We have built over 1,000 affordable homes in the last 20 years, always meeting the needs of Kiwi families.
We have a range of exciting new developments in Auckland and Tauranga designed with lifestyle and community in mind.
- Flat Bush
- Manukau Central
- Papatoetoe
- Papakura
- Panmure
- Mangere
- Omokoroa, Tauranga