The New Zealand Housing Fund

Targeting 15% allocation to key workers (nurses, teachers, emergency service workers), with homes priced 20% below market in high-demand areas.

All homes in the fund are Homestar 6–7 rated, using around 23% less electricity and saving approximately 2,222 kWh—or $667 per year—compared to a typical home.
Source: NZGBC, May 2025

The fund enables safe, secure and affordable housing for 256 households (around 692 people).

Some homes within the fund are offered at 80% of market rent, making secure, long-term housing more attainable for families who might otherwise be priced out of the private rental market.

In select developments, the Progressive Home Ownership model allows families to buy homes with just 65% mortgage financing—enabled by a 35% upfront contribution from Home Capital Partners—supporting long-term housing security and financial resilience.

In certain locations, priority was given to owner-occupiers over investors to help ensure homes were lived in by those contributing to the neighbourhood—fostering connection and long-term wellbeing.

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

The New Zealand Housing Fund holds a stabilised portfolio of completed social and affordable housing assets across Aotearoa New Zealand. It focuses on delivering safe, secure, and energy-efficient homes for families in need, with no exposure to development or construction risk.

The fund targets an annual return of 10% p.a. (pre-tax, net of fees), generated through a mix of capital appreciation and long-term, government-backed rental income.

No. All homes in the fund are fully completed, new builds with construction guarantees. The portfolio carries no development or construction exposure.

The fund is targeting a $150 million portfolio value, with an initial equity raise of $50 million, enabling the delivery of approximately 250 completed homes.

Around 85% of income is secured through long-term government-backed leases, typically ranging from 15 to 25 years, providing strong and stable cash flow.

The fund prioritises homes for at-need families, with a 15% allocation reserved for key workers (e.g., nurses, teachers, emergency services), and homes priced up to 20% below market rent in high-demand areas.

Yes. All homes are Homestar 6–7 rated, delivering energy savings of up to 23%, or approximately $667 per year per household, compared to the average New Zealand home.

The fund operates on a long-term hold strategy, with a maximum term of 20 years. Liquidity options are available every five years, and a facilitated secondary market will support investor exits where needed.

Yes. In select developments, the fund enables Progressive Home Ownership, allowing families to purchase homes with just 65% mortgage financing, improving access to long-term financial security.

To receive updates and gain early access ahead of the fund’s late 2025 launch, you can pre-register your interest via this form.