COMMUNITY FOCUSED AFFORDABLE HOUSING PILOT PROJECT

The Challenge

• The objective was to find a community-focused housing option that met the outcomes of perpetual affordability, housing choices, scalability and replicability, belonging and participation, demonstration of innovation and sustainability. 

The Journey 

• Six outcomes were considered in Panuku’s Indicative Business Case. Five options considered are those that meet all the objectives agreed with Panuku. These options aim to serve low- to moderate-income earners who are generally essential workers. Options included are:

• 1A. Tower development(10-storey) with unit title ownership and land included in purchase price. 
• 1B. Tower development (10-storey) with cooperative ownership, and land in a Community Land Trust. 
• 2A. Three-storey development with unit title ownership and land included in the purchase price. 
• 2B. Three-storey development with unit title ownership, with the land in a Community Land Trust. 
• 2C. Three-storey development with cooperative ownership, with the land in a Community Land Trust. 

The Outcome

• The report demonstrates that Community-focused housing (CFH) should become a core component of strategies for neighbourhood regeneration to deliver quality and affordable housing. 
• The commercial structure and finance security are outlined. They consider and elaborate the types of policies, private investment, public financing, and the nature of the Council/Crown partnership.

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