Karamū
Karamū
Developed by the Housing Development Fund
Held by The New Zealand Housing Fund
Broomfield, Ōtautahi Christchurch
$42m Mixed-Tenure Housing Development
84 High-Quality Homes (5 distinct typologies)
Completed 2022
The Residences at Karamū stands as a testament to industry collaboration, bringing affordable, sustainable housing to life. Completed in 2022, the $42m development delivered 84 homes across five typologies, with a housing mix including first-home buyers (30% below median price), social housing, and mixed ownership.
“I’m a single mum with three under three. Karamū meant I could provide stability for them—have somewhere to call home, instead of going back to a motel every day.”
35% First-Home Buyers
Purchased at 30% below median price
33% Social Housing
28 homes leased to Community Housing Providers
32% Mixed Ownership
Supporting long-term housing stability
Home Capital Partners
Home Foundation & Ngāi Tahu Property
Kāinga Maha (land acquisition to delivery)
Built for long-term sustainability
Sustainability was embedded from the outset, with design decisions that prioritised environmental responsibility without compromising quality or affordability.
Certified Homestar 6 and 7
Homes achieve Homestar 6 or 7 ratings, delivering healthier, more comfortable living environments that are also cost-efficient to run.
Energy savings
Homes use around 23–34% less electricity, saving residents approximately $540 to $800 per year on average. Source: NZGBC, May 2025.
Climate Positive Design
A total of 501 tonnes of CO₂e was offset for 28 homes—through verified international credits and native planting in Canterbury—making Karamū not just carbon neutral, but climate positive.
Safe, Secure Homes at Scale
Karamū has supported housing for 84 households—approximately 227 people—offering stability, security, and a strong foundation for whānau.
Owner-Occupier Focus
Priority was given to owner-occupiers over investors to ensure homes were lived in by those contributing to the neighbourhood—fostering connection and long-term wellbeing.
Below-Market First Homes
A number of first-home buyers were able to purchase homes at 30% below market price and have since realised capital gains, helping build intergenerational wealth and security.
Local Jobs & Economy
Across all sites, Karamū supported around 475 workers—including 137 build partners, 48 subcontractors, and 31 apprentices—helping grow capability, strengthen the construction sector, and keep investment within the community.
Every home we deliver is more than just bricks and mortar—it’s a safe place for families to build stability, identity, and opportunity. By investing with us, you’re helping to create thriving communities across Aotearoa while earning strong, stable returns.
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