Topic: Housing

How will Ngāi Tahu assist its descendants to buy homes?

By Heeni Brown
  • South Island

What does Ngāi Tahu's financial report hold for its more than 50,000 members?  There is no new housing development for its members, but Ngāi Tahu is in the process of coming up with a housing proposal for all.

This year, Ngāi Tahu's commercial arm made a profit of around $48mil, but that's 11% down from last year's profit.  Assets total nearly $970mil, which is an increase of 23%.

Around $28mil was distributed to Te Rūnanga o Ngāi Tahu this year, which is an increase of $2mil.  These are the words describing the way forward as Ngāi Tahu reviews its education strategy, so it's onwards and upwards.

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