A Glen Innes whānau shows how shared ownership can turn rent into equity, and how a financially disciplined model can deliver lasting social and economic returns.
Haare and Joe Burke’s whānau and friends celebrate their first home.
What’s at stake? A credible path for Māori and Pasifika into home ownership that converts rent into equity and builds long-term security.
Background Tāmaki Regeneration Company (TRC) is a Government–Auckland Council partnership leading the redevelopment of Glen Innes, Panmure, and Point England. Its Own It shared-ownership scheme lets buyers purchase most of a home while TRC retains an equity share repaid at market value with capital gains.
Main players Haare and Joe Burke, TRC adviser Erin Liava‘a, and TRC chief executive Shelley Katae.
This time last year, on a quiet street in Glen Innes, a special welcome brought a village together.
Haare and Joe Burke’s teenage son Hendrix had been away on a school trip. He returned to something his family had never thought possible.
“Joe just looks at Hendrix and says, ‘Welcome home’. He
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Key points
What’s at stake? A credible path for Māori and Pasifika into home ownership that converts rent into equity and builds long-term security.
Background Tāmaki Regeneration Company (TRC) is a Government–Auckland Council partnership leading the redevelopment of Glen Innes, Panmure, and Point England. Its Own It shared-ownership scheme lets buyers purchase most of a home while TRC retains an equity share repaid at market value with capital gains.
Main players Haare and Joe Burke, TRC adviser Erin Liava‘a, and TRC chief executive Shelley Katae.
