Traditional banks require land as collateral for mortgages, but Māori freehold land cannot be sold or seized, making it ineligible for standard lending. This has long been a barrier to homeownership for Māori families.
Hikurangi Enterprises, a community-led social enterprise in Te Tairāwhiti (the Gisborne district), builds affordable, transportable homes. Kaenga Hou, a trust focused on innovative financing,
enables families to access these homes through a rent-to-buy programme that gradually transfers ownership while reducing financial risk.
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