Church & Communities Land Fund

Supports church and community landowners to partner with investors and unlock under-utilised land for affordable, social, and market housing.

Key Metrics

$ 25 m

initial fund target, matched with land equity from churches

275

homes enabled through 70% leveraged development

8 %

target annual return (pre-tax, net of fees) through blended revenue streams

Church & Communities Land Fund Overview

  • Open exclusively to wholesale investors in accordance with applicable regulations.
  • Structured as a joint venture: churches exchange sur­plus land for equity, paired with capital from investors.
  • Mixed-income housing developments focused on local need, with delivery led by embedded, communi­ty-based organisations.
  • Provides access to housing for church and communi­ty organisation staff, including Progressive / Fraction­al Home Ownership options.
  • Revenue generated through development-phase returns and long-term rental yield, depending on investment model.
  • Social impact embedded through the empowerment of faith-based and grassroots community leadership. 
apartment complex onehunga

Liquidity Opportunities

  • Fund opens in late-2025, with ongoing investment and flexible exit options.
  • Lease buyout option available, including a share in any capital appreciation.

Frequently Asked Questions

Who can invest in the Church & Communities Land Fund?

The fund is open exclusively to wholesale investors, in line with applicable regulations.

What is the purpose of the Church & Communities Land Fund?

The Church & Communities Land Fund enables churches and community organisations to unlock the value of under-utilised land through joint ventures with capital investors—delivering affordable, social, and market housing aligned to local need.

How is the fund structured?

The fund operates as a joint venture, with churches contributing land in exchange for equity. Investor capital is paired with this land equity to enable mixed-income housing developments, led by community-based delivery partners.

What is the target return for investors?

The Church & Communities Land Fund targets an 8% annual return (pre-tax, net of fees), achieved through a combination of capital growth and long-term rental yield.

What scale of development will the fund support?

With an initial fund target of $25 million, and through 70% leverage, the Church & Communities Land Fund aims to enable the development of approximately 275 homes.

What types of housing are included in the developments?

Developments include social and affordable rentals, market rentals, and Progressive or Fractional Home Ownership options—often prioritising housing for church and community organisation staff.

How is risk managed?

Risk is mitigated through diversified revenue streams, including government-backed lease income and long-term rental revenue, alongside community-led delivery models.

Who leads the housing delivery?

Projects are delivered by embedded, community-based organisations with strong local networks and a track record of social leadership, ensuring culturally aligned, place-based solutions.

When does the fund open for investment?

The Church & Communities Land Fund will open in late 2025, with ongoing investment opportunities and flexible exit options.

What liquidity options are available?

Investors may exit through a lease buyout option, which includes a share of any capital appreciation achieved on the asset over time.

How can I stay informed?

To receive updates and be notified when the fund opens, pre-register your interest via this link.

Birds eye view of the Residencies at Karamū, a residential development in Broomfield, Christchurch.
Pre-register your interest

To stay informed and receive updates ahead of launch in late 2025, register your interest today.

Register now