Territory Stories

Delivering quality, affordable housing for all Territorians

Details:

Title

Delivering quality, affordable housing for all Territorians

Member

Lawrie, Delia; Burns, C. B. (Christopher Bruce)

Political affiliation

Australian Labor Party

Collection

Media Releases for 11th Assembly 2008 - 2012; Media Releases; ParliamentNT

Date

2012-05-01

Language

English

Subject

Housing; Public finance

Publisher name

Northern Territory Government

File type

application/pdf

Use

Issued as a Media Release

Copyright owner

Northern Territory Government

Parent handle

https://hdl.handle.net/10070/240538

Citation address

https://hdl.handle.net/10070/622555

Related items

https://hdl.handle.net/10070/622556

Page content

HOMESTART NT supports low-to-middle income earners and first homebuyers into home ownership. Budget 2012 increases HOMESTART NT purchase price caps in Katherine from $300 000 to $330 000 and Tennant Creek from $210 000 to $225 000, and provides Territorians with access to over 40% of properties on the market with mortgage repayments of no more than 30% of household income. Boost for Housing Budget 2012 delivers more housing for Territorians with a $340m infrastructure program. This funding will provide urban public and affordable housing, government employee housing and remote indigenous housing. Affordable Housing Initiatives To support Territorians into home ownership and increase public housing stock, 15% of lots in Government land releases will continue to be set aside for affordable and social housing. Affordable housing will be available for purchase in Johnston, Zuccoli and Maluka Drive in 2012-13. Construction will commence on 140 new rental dwellings in Palmerston providing rental options at below market rates. These new homes, along with Village@Parap, will transfer to the Territorys affordable housing company, Venture Housing, to manage. Budget 2012 will see the opening of Village@Parap, the Territory Governments first major redevelopment of a public housing site. This 100 unit development will include 35 units of affordable rental accommodation, targeted at low-to-middle income earners, at below market rent. A further 10 public housing units will be available for senior Territorians.