Cooperative Housing Association of Aotearoa New Zealand
Chaanz seek partnership with other institutions that contribute to meeting housing need - especially in high-value urban areas - by building rental housing, on existing community-owned land. This is key to CHAANZ's urban housing strategy: to support the creation of regional not-for-profit housing agencies, and establish revolving Building Funds from the income from the rental houses. Community Development
The income from such not-for-profit rental housing, can then be used to build permanent "shared equity" housing on purchased land. The right-to-occupy the new housing stock thus created will be inter-generational. The rents would cease after a time (approximately 15 years). A "license-to-occupy" would be gained, for the lifetime of the family, plus 50 years!