Page 2897 - Week 09 - Thursday, 26 August 1993

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .

---

MINISTER FOR HOUSING AND COMMUNITY SERVICES

LEGISLATIVE ASSEMBLY QUESTION

QUESTION NO 938

HomeBuyer and HomeBuyer Plus Programs

MR CORNWELL: To ask the Minister for Housing and Community Services - In relation to the HomeBuyer and HomeBuyer Plus programs of the ACT Housing Trust

(1) How many loans have been provided in each program in 1992-93.

(2) What was the total amount and what was the average amount of a loan in each program in 1992-93.

(3) What have been the actual administrative costs and what were the projections of these costs in 1992-93.

(4) What is the current formula for granting loans and granting repayments under each program.

(5) Is priority given to Trust clients in granting loans.

(6) What are the advantages to HomeBuyer Plus clients, ie people on moderate incomes, if they are paying bank interest rates and a CPI rate on the deferred amount.

(7) Are surplus daily funds in both programs invested; if so, (a) with whom and (b) what has been the financial result of this activity in 1992-93.

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

(1) HomeBuyer - 358 loans; and

HomeBuyer Plus -10 loans.

(2) HomeBuyer - $35,567,192 and $99,350; and

HomeBuyer Plus - $1,226,950 and $122,695.

(3) The home loans programs are accounted for in the ACT Home Purchase Assistance Account (HPA) and the ACT Home Loan Trust Account (HLT). The administrative costs charged to these Accounts include the operational costs for the issue and management of loans, providing information on home purchase and the research and development involved in developing home purchase programs and policies.

---

Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .