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 IN D IC A TO R A C T U A L PER FO R M A N C E Government Business Division nan r h -z U J U <z < u 4%: Grant Management Whilst Early Start Deposit Assistance Grants and Assist Interest Subsidies were comparable to the previous financial year, it is anticipated market demand will increase in 2001-2002 due to the introduction of the revised scheme from September 2000. Q U A N T IT Y New households assisted through Early Start Deposit Assistance Grants. (Target 390 loans) 364 Early Start Deposit Assistance Grants were provided to first home buyers at a cost of $0.53M. (1999-2000:394 grants, $0.59M) New households assisted through Assist Interest Subsidies. (Target 127 new households, budget $0.17M) 101 new households were assisted in accessing home ownership through the Assist Interest Subsidy Scheme. (1999-2000: 127 new clients, $0.161M) Although the number of new households was below target, actual expenditure for subsidies remained on target. Q U A L IT Y Products reviewed for market suitability. Revised Early Start Deposit Assistance Grant and Assist Interest Subsidies Schemes were introduced in 2000-2001 For full details of changes to HomeNorth products refer to page 34. T IM EL IN E SS Processing of grant and subsidy applications. An appropriate measure will be developed to monitor the timeliness of processing grant and subsidy applications. Assist Interest Subsidy Schem e Early S ta rt Deposit Assistance Grants 200 160 120 80 40 172 161 110 82 55 Is7 t i 27 1101 164 \T s *" A ' JP f ^ Value of subsidies V? < V mmm Number of new households Value of grants Number of grants