Page 2889 - Week 09 - Thursday, 26 August 1993

MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO. 926

Housing Trust - Bond Loans

CORNWELL - Asked the Minister for Housing and Community

Services - In relation to ACT Housing Trust loans made to tenants

to help them pay bonds to private landlords -

(1) How many loans were paid in each month of (a) 1991 and (b) 1992.

(2) What was the monthly value of these loans in each year.

(3) What is the average fortnightly repayment amount of a bond loaned by the Trust.

CONNOLLY - The answer to the Members question is as follows:

(1) Information for the financial year 1991-92 is unavailable.

Information for the financial year 1992-93 is detailed below.

Month Number Amount Av Mthly Val.

July 7 0 $26,809.00 $382.98

August 8 3 $36,146.00 $435.49

September 91 $39,187.00 $430.62

October 9 6 $43,500.00 $453.12

November 61 $28,901.00 $473.78

December 5 4 $24,217.00 $448.46

January 7 5 $34,328.00 $457.70

February 7 2 $31,927.00 $443.43

March 7 3 $30,145.00 $412.94

April 7 8 $33,836.00 $433.79

May 45 $19,683.00 $437.40

June 9 7 $41,826.00 $431.19

Total 895 $390,505.00 $436.74

(2) Information pertaining to the monthly value of each loan for 1992-93 is included in above table.

(3) The loan repayments are made on a monthly basis. The monthly average repayment is $36.00.

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