The Mangatawa Papakainga is a housing project designed specifically for our Kuia and Kaumatua shareholders. It consists of ten new two bedroom rental homes with carports, situated on Mangatawa land near the foot of Mangatawa hill overlooking Te Akau ki Papamoa and out to Tuhua and Mauao.
The papakainga is a partnership with Housing New Zealand where by Mangatawa provided the land and project management and co-ordination. Housing New Zealand provided a grant of $1.17 million and a loan of $1.1million. The Loan must be repaid by Mangatawa over a 25 year term but is interest free for the first ten years, within in which time we should aim to repay it.
To assist with repaying the loan and providing subsidised rents to our Kuia and Kaumatua we also entered into a leasing agreement with Housing New Zealand whereby, we build and own them, then lease them to Housing New Zealand to tenant them on the basis that Mangatawa Kui and Kaumatua are given priority in the selection. This means that Housing New Zealand provide us with a commercial lease rental for each unit which will repay the mortgage and tenant them to our shareholders at a subsidised rental, of no more than 25% of that persons weekly income.
All of the 10 units have been allocated after a robust selection process. To qualify for the units you must be a shareholder; must be over 60 years of age; must be committed to our Marae Tamapahore; must meet Housing New Zealand criteria (i.e. can not already own your own home or have lots of cash in the bank). If you would like to be put on the waiting list as units come free please contact our office staff.
Following the success of the first 10 Two Bedroom Kaumatua Units, Mangatawa is currently building a further 2 Two Bedroom zKaumatua Units. The building of these units are independent of the Housing New Zealand partnership that exists with the previous 1o units.
The units will be completed by the end of 2013. If you wish to express your interest in renting one of these two bedroom units, please contact the Mangatawa office and ask for a kaumatua unit expression of unit form.
All four one bedroom units are currently tenanted.
The AGM was held on 17 September 2016 and saw Kevin Haua re-elected onto the Committee of Management. Your current Committee of Management are Kevin Haua (chair), Neil Te Kani (deputy), Wakata Kingi, Victoria Kingi and Paula Werohia.more »
The 2017 Education Grant applications closed on 17 February 2017. Thank you to all those who submitted applications. We received a total of 35 applications. The applicants can expect to hear the outcome of their application in writing within the next few weeks.more »
The 2016/2017 dividends and kaumatua grants (distributed to those aged 65yrs+ upon application) have been paid to those shareholders with known addresses and current bank account details and have dividends owing to them over over $10.00. If you live overseas and we have your postal address, payment will be disbursed to in the new year. If you have any queries, please contact the office.more »