Page 3749 - Week 12 - Thursday, 13 October 1994

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(3) The ACT Housing Trust is not competing with the private sector in the sale of new houses. Building for Buyers is a small scale demonstration project targeting a discrete client group. The eight (8) year minimum public tenancy eligibility criterion, under the Sale to Tenants Program, does not apply under Building for Buyers.

(4) The properties are not being marketed by real estate agents.

(5) The Commissioner for Housing is selling its properties under a vendor finance arrangement. This strategy has been supported by the Real Estate Institute of the ACT, Master Builders Construction and Housing Association of the ACT, Housing Industry Association (ACT) and other key industry agencies and was negotiated during the consultation processes prior to the launch of the project.

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