More Choice for Indigenous Home Ownership

More Choice for Indigenous Home Ownership

Posted 10 May 2006

A $107.4 million package over four years, announced in the 2006-07 Budget,  demonstrates the Howard Government’s commitment to developing home ownership  opportunities on Indigenous land.

In an effort to redress the disparity in home ownership rates between Indigenous and  non-Indigenous Australians, Indigenous Business Australia (IBA) and the Department  of Families, Community Services and Indigenous Affairs (FaCSIA) will develop and  manage a range of measures to assist Indigenous people to buy their own home on
Indigenous land.

IBA will expand its home lending programme, Community Homes, by supporting 460 families or individuals to purchase their own home, and will manage and deliver incentives to assist in overcoming the barriers of the high cost of housing, low employment and income levels in remote areas.

Read the media release in full (PDF 135KB, new window)