The Home Buyer Booster Grant and the AHO Tenancy Plus Grant

Home Buyer Booster Grant, our targeted one-off assistance for eligible Aboriginal people with home ownership legal expenses and the 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.

 

Funding available

 - The maximum available is $12,500. The Home Buyer Booster Grant includes a maximum of $2,500 that can be used toward:

 - Legal fees including the administrative costs of buying a property, and preparing a will

 - Property valuations

 - Home and contents insurance

 - Surveying costs

 - Pest control

 - Stamp duty (for non-housing tenants. The Aboriginal people in social housing are exempt from Stamp Duty as per Section 278 of the Duties Act 1997 (NSW).

 

The AHO Tenancy Plus Grantoffers 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.

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.

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 Home Buyer Booster Grant and 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.

 

You can apply by downloading and filling in this form

Or apply online below:

 

 

This information can also be downloaded via AHO Home Ownership Deposit Co-contribution Scheme Pamphlet.

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We acknowledge the traditional owners and custodians of the land on which we work and pay our respects to the Elders, both past and present.

Apology to the Stolen Generations