Page 2822 - Week 09 - Thursday, 26 August 1993
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MINISTER FOR HOUSING AND COMMUNITY SERVICES
LEGISLATIVE ASSEMBLY QUESTION
QUESTION NO 847
Housing Trust - Home Purchase Loans
MR CORNWELL: To ask the Minister for Housing and Community Services - In relation to the statement in the ACT Submission into the Industry Commission Inquiry into Public Housing (page 22) that: "The ACT Housing Trust will commence home purchase lending via off budget sources during January 1993: -
(1) How much money has been loaned from these sources to 30 June 1993.
(2) How many properties have been purchased by these loans.
(3) Were any of these properties Trust properties purchased by their tenants and, if so, how many.
MR CONNOLLY: The answer to the Members question is as follows -
(1) $18,680,172 has been loaned to mortgagors This does not include amounts drawn and not settled by 30 June 1993.
(2) There were 152 loans issued to mortgagors through off budget funds (ie the ACT Home Loan Trust Account) to finance the purchase of residential properties and 21 loans to assist home buyers refinance an existing home loan.
There were a further 195 loans issued through the ACT Home Purchase Assistance Trust Account in 1992-93.
(3) Yes, there were 8 loans to public tenants to finance the purchase of their government home.
The HomeBuyer and HomeBuyer Plus loans programs, which are financed off budget through the ACT Home Loan Trust Account, are provided to applicants seeking to finance the purchase of a residential property.
The home loan financing arrangement is a separate transaction to the sale of a government home to a public tenant. However, this does not preclude public tenants from applying for loan finance from the Commissioner for Housing.
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