Deadly AHO Tenant Grant, our targeted one-off contribution for eligible long term AHO tenants. This grant takes into account the length of tenure and strong tenancy history for a higher rate of Deposit Co-contribution.
The higher rates of co-contribution for AHO tenants with a strong tenancy record are:
- Over 5 years tenancy - $1 : $1.25
- Over 10 years tenancy - $1 : $1.50
- Over 15 years tenancy - $1 : $1.75.
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 savings to 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 who have at least five years on strong tenancy history. To be eligible for this grant you must be an AHO tenant who:
- Has been listed as head tenant for five years or more
- Has not had rental or water arrears over $500 within the last five years
- Has taken care of the property
- Has not had a negative result from the NSW Civil and Administrative Tribunal (NCAT)
- Has not been responsible for any confirmed anti-social behaviour incidents
- 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
- 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 amount of your deposit will be confirmed on exchange and the grant and may be adjusted if the final deposit saved is lower than the amount quoted on the application form.
How do I apply?
Any AHO tenants that apply for grants under the AHO Home Ownership Deposit Co-contribution Scheme will have their tenancy history considered as part of their applications and do not need to provide additional documents about the tenancy history.
There is no separate application form for this grant, please apply under the AHO Deadly Deposit Grant and AHO tenants will automatically be considered for a higher co- contribution rate if they have been an AHO tenant for five years or more.
Or apply online below:
Jane and Sam have lived in an AHO property for 8 years. They’ve kept the property in good conditions and have no arrears. They have saved $6,000 towards a deposit.
Jane and Sam are eligible for the $2,500 Home Buyer Booster Grant and rate of $1: $1.50 via the AHO Tenancy Plus Grant. This means they be eligible for $9,000 grant funding toward a deposit, plus a $2,500 grant, giving a total of $11,500.
With the grant funding combined with their saving, Jane and Sam would have $15,000 for a deposit and $2,500 to help with expenses.
John has lived in an AHO property for 20 years. He hasn’t been in arrears for years and his property is well maintained. John has inherited some money on top of his savings and now has $9,000 that he wants to use as a deposit.
John is eligible for the Home Buyer Booster Grant of $2,500 and a rate of $1 : $1.75 through the AHO Tenancy Plus Grant.
The AHO Tenancy Plus Grant is capped at $10,000 so the maximum he could receive is $10,000 as this is cap. John would be eligible for $12,500 with the combined Home Buyer Boost Grant and AHO Tenancy Plus Grant.
Using both his savings and the grants, John would have $19,000 for a deposit and $2,500 for his expenses.
This information can also be downloaded via AHO Home Ownership Deposit Co-contribution Scheme Pamphlet.