Peterborough Housing Cooperative

Location

Waitaha/Canterbury - Urban

Stage

Established

Date Initiated

1981

Date Completed

Rebuild Completed 2020

Housing Type

Cooperative

Number of Residents

22 Adults, 8 Children

Number of Dwellings

14

Size of Land

3500sqm

Developed By

Self-Developed

Legal Ownership Structure

Unit Titles

Individual Dwelling Tenure

Each Unit Title is a member of the cooperative. 11 owned by a Charitable Trust that is governed by the residents who rent from the trust. 3 are owned by individuals.

Funding Model/s for Development

Originally funded by debentures from friends. Rebuild self-funded from large earthquake insurance payout (4 million), own funds from rents, allowing 3 people to pre-buy their units, and Kiwibank mortgage (2.25 million).

Housing Type and Numbers

Two rows of townhouses around a common courtyard.

Shared Facilities

Common house (deck, dining, lounge, kitchen, 2 guestrooms, laundry, kids room, activities room). Bike Shed, carpark, courtyard, workshop, pumphouse and second laundry. Shared solar hotwater and underfloor heating.

Total Cost in Year Completed

7.5 million in 2020

Governance Model

Consensus.

What were the external barriers experienced during development?

Council Approvals

What were the internal challenges during development?

Decision-making. Overwhelming nature of development project management.

If you had your time again, would you do anything differently?

Not use an architect led development.

What advice would you give to aspiring projects starting out?

Choose a builder or developer led project. Aim for 15 houses or more.

Further Information and Contacts

advice@peterborough.nz, http://www.peterborough.nz, tours available through http://www.peterborough.nz/tour-peterborough.html

Can People Contact You Directly to Ask Questions?

Yes - advice@peterborough.nz