The projected revenue and new appropriations will allow IBA to support an estimated 530 new home loans in 2016–17. The total home loan portfolio is expected to increase to 4,730 loans.
In 2016–17, IBA will continue to implement the recommendations from the performance audit of the Indigenous Home Ownership Program. Supporting the Australian Government’s initiatives to provide incentives to take up home ownership will be a particular focus, such as to eligible applicants in remote areas, including those relocating to stronger labour markets. IBA will also continue to give priority to applicants seeking to purchase or construct homes in remote communities.
As part of IBA’s forward-looking strategic approach, we will continue, with the Australian Government, to examine innovative ways to access capital so as to expand the number of home loans facilitated by IBA, along with ways to broaden our product and service offerings in partnership with banks and other lenders.