ALL kiwis
need a roof
over their
heads

vision vision

Our vision

Housing has the potential to connect, grow and strengthen communities. The Ted Manson Foundation will now be a part of this. The Foundations aim is to provide long term housing to those New Zealanders who are struggling. We want to provide robust, safe, warm, healthy homes with long term security.

Teds vision is to form a long-lasting partnership with the Ministry of Housing and Urban Development, different Community Housing Providers and like minded agencies to house those people most in need. The biggest demand for Community Housing are 1b and 2b units and 5b houses. The TMF will concentrate on building 1b and 2b apartments. The TMF will provide the money and time to find and purchase land, work through the design process, obtain the necessary consents, and then build the apartments to be used for Community Housing. The location of these developments will generally be West and South Auckland given the high demand in these areas. These sites will be strategically chosen for their proximity to public transport, (buses and trains), the open space network as well as proximity and access to services, goods and employment opportunities.

Ted Manson with the Foundation and Mansons TCLM will use its 44 years of expertise, knowledge and understanding of the residential market in Auckland to make this happen. The Foundation will work with Community Housing Providers who understand the needs of the community while providing their wrap around services and also providing a tenancy management role upon completion.

Ted Manson Foundation has two divisions:
• The Ted Manson Charitable Trust - a registered        charitable trust into which Ted Manson donated $7.5m  in 2014 which is invested to generate returns to ensure  an enduring source of funds for the many community  initiatives it donates to.
• Ted Manson Foundation Limited - the vehicle through  which the community housing projects are delivered.
Goals

Our goals

  • 1.

    The Foundation will spend 90% of its resources and funding on building 92 apartments on 40-42 Liverpool St Auckland Central (completion with CCC’s August 19) and 165 Apartments on 6-8 Waikumete Rd in Glen Eden (completion CCC’s March 20). A total of 163 will be dedicated to Community Housing for a minimum of 25 years. Over this 25 year period the TMF will be responsible for the exterior of the buildings, services, common areas and apartment upgrades when necessary. On completion of the 25 year period the building will be completely refurbished so the process can commence again.
  • 2.

    Work with the Ministry of Housing and Urban Development to increase the supply of Community Housing in Auckland over the next 20 years. Our immediate goal is to build over 200 apartments for Community Housing by 2022.
  • 3.

    To create robust, healthy and well maintained mixed tenure developments which connect, grow and strengthen communities.
  • 4.

    Each development will have a Homestar rating. This will ensure the development achieves a higher standard than that required under the Building Code and residents will notice a real difference in terms of better warmth, dryness, health and water efficiency.
  • 5.

    The remaining 10% of the Foundations resources will be spent on providing financial support to a number of other charities it has worked with over the last 20 years.
Goals

How our vision
will be achieved

Since the Foundations inception Ted has spent a significant amount of time meeting with numerous Community Housing and Community Service providers.

  • Working with the Ministry of Housing and Urban Development to create a long lasting successful partnership.

  • Working with various Community Housing Providers to create successful mixed tenure developments which ensure strong, healthy and sustainable communities.

  • The Foundation will continue to financially support a number of different charities.

  • The Foundation will continue to look for future opportunities with development potential for Community Housing so it can reach its goals by 2022.

model model

Our model

The Ted Manson Foundation will continue towork with the Government as well as a range of other government and non-government organisations to achieve the same outcomes asits first 2 developments at Liverpool Street and Waikumete Road.

The Ministry of Social Development will lease the community housing apartments directly from the Ted Manson Foundation and sublease these to a chosen Community Housing Provider, for these developments being Compass Housing Services NZ. The duration of this lease is 25 years. This is a new funding framework being trialed in Auckland that seeks to increase private sector investment in the development of community housing.

Tenants in community housing pay no more than 25 per cent of their income in rent. The remaining rental cost of these units is funded by the Ministry of Social Development through the Income-Related Rent Subsidy which pays the balance between the tenant’s rental payment and the market rent for the property. This costs more than $900 million PA.

Compass Housing Services NZ is a registered community housing provider and have been engaged for TMFs first two developments. Compass will provide onsite property and tenancy management services for community housing tenants, in addition to facilitating any support services they may need. For future developments we will progress discussions with a range of CHP’s depending on local area requirements and needs.

Ted

About Ted

Ted was born in Otahuhu Hospital where his parents rented a small apartment in an old house. Ted was the second child with an older sister. Teds father, Colin, was a door to door salesmen selling Rawleighs products and was struggling to put food on the table. When Ted was 5 the family moved to a 3 bedroom state house in Kupe St Orakei. Ted went to Orakei Primary School and Selwyn College, then Auckland University, studying valuation. As a young person Ted was always hustling, making money and doing things out of the usual.

Ted started the family business with his father Colin in the mid 1970's. The pair began a cycle to buy, paint, renovate then sell. They started out small, buying and selling two houses in the first year, 18 the second year and more than 50 the third year. Ted purchased, renovated and sold all the houses while Colin raised the money to settle them and slowly built up the firm's infrastructure. During most of the 1980s, they were buying and selling more than a house a day. By the mid-1980s, they owned 640 rental properties, seven commercial buildings, five petrol stations and two dairy farms. During the Muldoon era and the highly restrictive lending period, the Mansons watched many people unable to get money to buy their rising stock of finished houses. So Colin and Ted began to be bankers, funding thousands of buyers into those post-renovation properties. Ted and Colin helped thousands of Kiwis realise the Kiwi dream and own their first home by funding them into houses during the restrictive lending market of the 1970s and 80s. Together they grew the business and weathered the economic downturn of the late 1987 share market crash and the recent global financial crisis without any problems, where in both downturns all other big developers and Finance Companies went bankrupt.

TCLM stands for Ted and his three sons Culum, Luke and Mac who are the third generation involved in the running of the family business. That experience helped shape the approach to business that forms Manson’s TCLM business ethos - a "hands on" approach to business dealings and financial independence. For the majority of its projects Manson’s TCLM is both developer and building contractor and funding is mostly from the Manson family's resources. To date the company has built and or renovated well over 2,500 residential dwellings and it dominates the Auckland Commercial property development market having delivered over 600,000m2 of floor space. Mansons TCLM is readily recognised as New Zealand's largest privately owned property development business.

To mark the 40th Anniversary of Mansons and Ted’s 60th birthday, Ted formed the Ted Manson Foundation to really focus on giving back and to help those most in need. The Foundation was set up to enable a more co-ordinated and larger scale contribution to the Auckland Community. Ted recognised that one of the greatest areas in need was Social Housing. With property being Ted’s expertise, after many years of buying, building, renovating and selling thousands of houses and apartments, Ted realised this was where he could make a real difference. Ted through the foundation has purchased three sites, two of which are currently being developed with a total of 259 apartments with 162 of these dedicated for Social Housing at a total cost of more than $100 million.

Ted
  • Ted

    Mac Manson

    Director

    As a Director Mac’s main role is to work through the sales and marketing process of the surplus private apartments within the Community Housing developments. Mac is also responsible for leasing and managing all retail units within these developments, making sure the retail tenants are a good fit with the building and for the residential occupants. Manson’s will retain ownership of these retail units. Mac also works on the TMF board to decide which charities to support financially.

  • Ted

    Sam Colgan

    Manager Social Housing
    Projects-Town Planner

    Sam looks after every aspect of all Social Housing Developments.

    This included Design, Resource & Building Consents, Construction to CCC’s, along with dealing with the Government, Community Housing Providers, and keeping the Local Residents Association updated with progress.

  • Ted

    Gary Young

    Construction
    Manager

    Gary understands all parts of the development process from Architectural design, Engineering plus Construction from groundworks to the handing over of the completed product on completion. He is a force to be reckoned when it comes to understanding every component of construction, along with making sure the development is finished both on time and budget.

  • Ted

    Stuart Porteous

    Quantity
    Surveyor

    Stuarts ability to work through and understand what the true cost is to build the Ted Manson Foundations Community Housing Developments is paramount to making each development a success.

    Variations can become critical with the final cost to build and this is where Stuart is in a league of his own.