Homes are only one of a number of means to create intergenerational wealth for
Whānau-centric housing models such as
papakāinga not only grow hapū and iwi asset bases but also provide homes where tamariki can grow and learn, confident in their identity.
To make more of these whanau-centric models possible, some of the key constraints on the retention and use of Māori land for housing and development will need to be mitigated. These include access to finance, land use regulations, the capacity of iwi and the challenge of coordinating with various organisations.
Education is also an important pathway for individuals and their whānau to increase their financial literacy and grow their savings. This will empower
whānau to determine their future ownership outcomes.
Māori business owners and the self-employed are major contributors to economic activity that can grow intergenerational wealth. Māori businesses are driven by more than profit.
The point of difference that many Māori businesses bring to the market is their intergenerational focus and intentional contribution to multiple outcomes - cultural, social and environmental outcomes.
How this can be done
Our efforts can focus on:
- increasing Māori financial and investment literacy and savings practices
- enabling Māori economic outcomes through procurement opportunities
- supporting Māori collaborations to work at a larger scale and share knowledge and experience
- improving regulatory processes and collaboration for Māori land development
- developing partnerships with Māori that enable economic growth for whānau, hapū and iwi.