The OWOF is a unique community-led initiative funded by government to build up to 300 affordable homes for Pasefika households in Eastern Porirua over the next 5-10 years. The Central Pacific Collective is partnering with Ngāti Toa to provide homes for Pasefika families at below market value.
CPC is a community-led regional organisation with a vision of thriving, prosperous Pasefika people and communities. Initially established as a charitable trust in 2014 to assist Pacific health service providers in the Central North Island, we are repositioning ourselves to support a broader range of activities to improve well-being outcomes for the Pasefika community.
We operate by enabling, facilitating, supporting and integrating the considerable efforts of various agencies and organisations dedicated to providing wellbeing solutions for Pacific communities in the wider Wellington region.
The rohe of Ngāti Toa extends from the Whangaehu River south along the ranges to Turakirae. It then crosses Raukawa Moana (Cook Strait) to Marlborough and Nelson. This is encapsulated in the tribal pepeha: Mai i Miria te Kakara ki Whitireia, whakawhiti te moana Raukawa, ki Wairau, ki Whakatū. The Central Pacific Collective have a Memorandum of Understanding with Te Runanga o Toa Rangatira Inc., a working relationship to improve the wellbeing and meet the aspirations of Pacific Island Peoples in the Ngāti Toa rohe.
Ngāti Toa is our key partner on this project. They are providing us with access to land they can purchase in eastern Porirua.
Up to 300 homes over 5-10 years. Our goal is to build as many homes as we can.
To be eligible to purchase a home, all applicants must:
•Be a New Zealand Citizen or Permanent Resident
•Identify as a Pasefika household
•Not own any other residential property in New Zealand
Register your interest. If you meet the eligibility criteria, then we develop a plan to get you to where you can buy a house. Once you have the ability to purchase a house, there will be a selection process if the demand is high.
All of the Our Whare Our Fale homes will be in eastern Porirua, within the Porirua development. The first home will be in Esk Place, which is off Castor Crescent.
We are doing everything we can to make sure the homes are affordable. Our goal is for mortgage repayments and other costs to be equal to or lower than market rent. We will work with households to help them raise the deposit.
When purchasing a home, you will own the property (house) and Ngāti Toa will continue to own the land. Households will own a “leasehold interest” in the land which means you have the legal right to occupy the land in accordance with the terms of a lease registered against the title to the land.
The main benefit of leasehold land is that you do not have to pay for the cost of the land. Instead, you will pay a ground rent each year which gives you the right to occupy that land. You have certainty as the lease will be for a predefined period, such as 100 years.
You will be responsible for paying rates to Porirua City Council as the leaseholder of the land which is set by them. As more information comes available, we will update you.
Yes, you can. Please note however that the malae area is mostly communal so if you do intend to have pets you will need to consider the children and families living in the homes.
We are preparing a chattels list and will upload to the website when available.
CPC allocates a home based on need, what you can afford and selection criteria.
The homes will need to be sold back to CPC and is not able to be sold on the open market. The value of the property is determined by CPC and you will be advised of the value of the property at the time you wish you sell the property back to CPC.
No. You are expected to live in your home as your primary place of residence for as long as you are the owner of the home.
Central Pacific Collective is the developer of the homes.
Central Pacific Collective is building the homes. We are working with professional contractors to help us with the design and building of the homes. Wherever possible, we are using Pasefika businesses on the project.
The first 18 homes will begin to be built in October 2024. We expect these homes to be ready to move into from March 2026. We expect to bring on further homes from then as the land becomes available.
Each house and section will be different. However, we are designing and planning for the Pasefika community. The houses will be mainly 4 and 5 bedroom.
The homes are designed to a standard of Homestar 7. Building to a Homestar rating ensures healthier, warmer, drier, and more comfortable home that uses less power and water than a similar home built to the minimum standard of the New Zealand Building Code.
To receive a Homestar rating, a house must meet additional performance and sustainability requirements above and beyond the New Zealand Building Code.
The homes will be built with
For more information check out https://nzgbc.org.nz/introduction-to-homestar
In addition, the design is almost close to being a target Passive House, Certified Low Energy which is an extremely high standard of keeping a house warm and dry.
The homes take on the inspiration of the beautiful dominant roof from the Pacific islands. The roof for the home is a double purpose as they become the walls for the upper floor. This is for better efficient use of space, and it also means the walls have a higher insulation making the homes overall warmer.
The homes are built as duplexes (two houses together) under one roof. Each typology has been designed to accommodate for the larger family sizes in Pacific households. The three bedroom has a second living space that can be used as another bedroom. The four bedroom is designed with the option of a second living on the ground floor which can also be used as a 5th bedroom. These four-bedroom types include an accessible bathroom on the ground floor and a second bathroom upstairs with four bedrooms. The development also has two-bedroom dwellings.
The project includes generous landscaping where each house ties in with the malae open spaces and the shared fale of the village.
The houses are constructed using standard materials in the construction industry to maintain a level of affordability. They use timber-frame construction, insulated concrete slab, aluminium windows. The cladding is corrugated iron profile that uses colour to enliven the development to feel bright and reflect the bright colours shared across our Pacific islands.
No.
A decision has not yet been made on whether you are able to choose your own colour scheme however this will be confirmed before the time of allocation.
The appliances to be provided with the home are yet to be confirmed.
We have worked closely with Westpac (Participating Bank) who understand the unique nature of our development, the legal documentation and our shared ownership programme. Additional Participating Banks may be added overtime.
If you default on your loan, Central Pacific Collective have an agreement with Participating Banks that Central Pacific Collective will acquire the loan, instead of the bank exercising a mortgagee sale and selling the property on the open market. This does not affect your obligation to pay your mortgage and Central Pacific Collective can enforce the mortgagee’s rights on default.
No, the Participating Banks will step you through the process required to obtain a home loan and mortgage.
You will need to discuss this with the bank. It will depend on your individual circumstances.
All banks have slightly different lending criteria, but most will ask for the following:
•Proof of Income
•Value of assets you own
•The amount you can contribute to a deposit (e.g. savings, Kiwisaver, gift from family)
•Your current debt, liabilities and household expenses (e.g. credit card, personal loans, hire purchases etc.)
Settlement will take place AFTER the construction is completed. You may need to periodically update your pre-approval with the bank you during the construction phase.
You may be eligible to withdraw from your Kiwisaver. Have a chat to the banks to see what your options are.
Yes.
As we can only transfer to a related entity, the ownership will be maintained under the Central Pacific Collective group. Changes may be required for tax considerations, for example. As such, we need to maintain the right to implement changes where necessary with needing to get approvals.
CPC charges an annual fee of $1,000 when you are a shared owner – roughly $19.30 per week. When you buy out CPC and become 100% owner this no longer applies.
No. CPC only charges an annual management fee of $1,000 (including GST)
The annual management fee covers the administrative and operation costs of running the programme.
No. CPC has partnered with banks who have accepted our Shared Ownership programme.
Yes. As long as you meet the eligibility criteria, CPC offers options that include you being able to buy with family members or friends.
Anyone who is a relative of yours. They could, for example, be your partner, parents, grandparents, brothers, sisters, children, uncles or aunties.
There is no interest applied to the shared ownership portion that CPC contributes but it’s important to note that if CPC contributes $100,000 on a $400,000 property which is 25% of the value then that same percentage will apply when you go to buy out CPC. For example, if you go to buy out CPC after 10 years the value of the property will be $XXX,000 then you will need to pay $XX,000 to buy CPC out.
When you talk with the bank, they will assess what you can afford. If you require Shared Ownership, they will provide you a pre-approval letter. You will need to provide this letter to CPC so we can assess the contribution assistance you need from us.
You have 15 years to buy-back the shares CPC owns in your home. After 15 years we will then put together a plan to have the shares brought back within 5 years. If by year 20 shares are still owned by CPC in your home, CPC will endeavour to buy the house from the household.
There will be an annual process:
•31 March – CPC will write to the household on shared ownership/buy back process.
•By 1 June –Household to notify CPC if it wishes to purchase its share (in whole or in part).
•30 June – CPC to determine the value of the property
•30 September –Deadline for households to buyback (in whole or in part)
There is a minimum amount of 5%that can be paid as an instalment.
The property is owned by us and CPC as tenants in common. If I am sharing ownership of the home with other family members, will CPC maintain a register that shows everyone’s shared, or will it be on us to work this out between ourselves how to internally manage these shares?
It is up to you how you wish to share your ownership arrangements with the family that are named in the Shared Ownership Agreement, and each named owner will have all of the same obligations to CPC under the agreement. The register will show the ownership shares between CPC on one hand, and your family on the other hand, and will not show how your share is split between you and your family.
CPC, together with you, will look at your income, expenses debt, savings and surplus to see that you are on track to achieving full ownership with the 15 years.
Anytime you want to – as and when you can afford it.