Territory Stories

Annual Report 2000/2001 Territory Housing



Annual Report 2000/2001 Territory Housing

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Tabled paper 154


Tabled Papers for 9th Assembly 2001 - 2005; Tabled Papers; ParliamentNT






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Maximising Territorians' home ownership opportunities. O U T P U T msn T T m I * 1 H H i H I m m im V I m m m m i i <z <z O _ j 0 LLJ <z < u 79%: Loan Portfolio Management A C T U A L PER FO R M A N C E Q U A N T IT Y Number of new households assisted through HomeStart. (Target 168) Value of new HomeStart loans (Target $ 18.9M). Number of tenants assisted to purchase their public housing properties through HomeShare (Target 60). Discharge of loans. I 21 I new HomeStart loans were advanced to assist 195 Territorians purchase an existing property and 16 Territorians to construct a new home. (1999-2000:209 loans) The demand for new bans exceeded the target due to changes to the HomeNorth loan schemes, which increased the allowable property value and broadened the eligibility criteria High demand for new loans was also fuelled by additional grant incentives offered by the Northern Territory and Commonwealth Governments. $I9.8M (1999-2000:$17.7M) 48Territory Housing tenants were assisted in purchasing their homes. (1999-2000: 103 loans) 381 loans were discharged at $ 17.46M. ( 1999-2000:574 loans) Q U A L IT Y Arrears Management - Percentage of loans in arrears > 30 days. (Target 2%) -Value of loan balances in arrears > 30 days as a percentage of total loan portfolio. (From 2 0 0 0 /2 0 0 1 arrears management indicators are calculated as per industry reporting standards.) I Arrears fell below the set target to 1.36% due to a strong continued focus on arrears management (1999-2000:2.81%) The balance of loans in arrears greater than 30 days was 1.75% of the total loan portfolio. (1999-2000: 3.5%)