AHO Deadly Deposit Grant, our targeted one-off contribution for eligible Aboriginal social housing tenants that can match people savings towards a deposit.
This grant matches peoples existing deposit savings on a $1:$1 basis to a maximum of $10,000.
This is based on the amount of deposit savings listed on the application form. Deposit savings may be made up of money in the bank, cash, and other sources including inheritance. The final amount of the deposit will be confirmed on exchange and may be adjusted if the final deposit saved is lower than the amount quoted on the application form.
Who can apply for this grant?
This grant is open to AHO tenants and Aboriginal people who are social housing tenants who have tenure through the NSW Housing Register Pathway including those who are approved for and listed on the NSW Housing Register Pathway waitlist.
To be eligible for this grant you must be an Aboriginal person who:
- Lives in AHO owned property or
- Lives in Department of Communities and Justice managed property/Land and Housing Corporation property or
- Lives in Aboriginal and non-Aboriginal Community Housing Provider/s (ACHP and CHP) property or
- Lives in a property managed by a Local Aboriginal Land Council (LALC) that operates as a social housing provider. You must also meet the eligibility through the NSW Housing Register Pathway or
- Lives in a Discrete Community in NSW or
- Qualifies for social housing and is listed on the NSW Housing Pathway Register.
- Has a maximum individual/combined annual income of up to $200,000
- Has saved at least $1,000 toward a deposit
- Currently living in NSW and purchasing a property in NSW
- Does not currently own a residential property - Do not currently own land or a residential property.
The AHO can only offer this co-contribution to a maximum of 20 Aboriginal people per year. The maximum co-contribution amount is capped at $10,000 as a one-off payment on settlement of the home purchase.
How does the grant payment work?
If your application is successful, the AHO will pay the grant to your Solicitor’s or Conveyancer’s trust account prior to settlement of the property. The money will be held in trust until settlement when it can then be used toward the value of the property. The final amount of the deposit will be confirmed on exchange and may be adjusted if the final deposit saved is lower than the amount quoted on the application form.
Or apply online below:
How do I apply?
Matt is an Aboriginal man living in Dubbo, renting his home through social housing, managed by DCJ. Matt and his non-Aboriginal partner have combined annual income of $65,000 per annum and have saved $5,000. They have applied for AHO’s $2,500 Home Buyer Booster Grant and the AHO Deadly Deposit Grant.
Matt and his partner are eligible for both the $2,500 Home Buyer Booster Grant and the AHO Deadly Deposit Grant of $5,000 to match their savings. They would be eligible for $7,500 on settlement.
This means that they would have $10,000 for a deposit and have $2,500 in expenses reimbursed on settlement.
Cindy is an Aboriginal woman with 2 kids living in an AHO property in Nowra for the last 3 years. Cindy earns $55,000 and has saved $15,000.
Cindy is eligible for the Home Buyer Booster Grant of $2,500 and the AHO Deadly Deposit Grant of $10,000. Although Cindy has saved $15,000, the AHO Deadly Deposit Grant is capped at $10,000. With the two grants together, Cindy could be eligible for is $12,500.
This means Cindy would have $25,000 toward a deposit and have $2,500 of her cost reimbursed on settlement.
This information can also be downloaded via AHO Home Ownership Deposit Co-contribution Scheme Pamphlet