Page 2083 - Week 06 - Tuesday, 21 June 2011
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Mr Coe interjecting—
MR SPEAKER: Order, Mr Coe!
MS BURCH: The scheme will be affordable because those eligible will only have to pay 75 per cent of the price of the unit. They will be responsible for any costs of running the units, insurance and for their share of maintaining the common ground areas around their unit. The management fee will be calculated on a cost recovery basis. On exit, 50 per cent of the capital gain will be returned, plus the original purchase price.
The units to be included in the scheme are located on sites in Kambah and Rivett which are currently in the final stages of completion. Thirty-nine units will be allocated for affordable housing.
Mr Coe interjecting—
MR SPEAKER: Mr Coe, you are very close.
MS BURCH: This will add to the social mix of people living on the sites and help to create diverse, sustainable communities. This initiative builds on the success of the ACT government’s response to the federal government’s stimulus package which brought a significant number of properties online. Providing affordable housing for older people continues this government’s commitment to provide equitable and social housing across Canberra.
MR SPEAKER: Order, members! I remind you that we spoke earlier this session about standing order 55, which deals with personal reflections. It states:
All imputations of improper motives and all personal reflections on Members shall be considered highly disorderly.
I think that continually insulting members across the chamber will breach that standing order and I will remind members of that. Ms Porter, a supplementary question?
MS PORTER: Thank you, Mr Speaker. Could the minister inform the Assembly of any other affordable housing programs that are offered through Housing ACT.
MS BURCH: I again thank Ms Porter for her interest. Indeed, Housing ACT offers a range of affordable housing programs for public housing tenants. Supplementing the loan-licence scheme that I just recently have announced is an affordable rental program that is available for older people who are on low incomes. These properties will be rented at 75 per cent of the market value of the property. The affordable rental and loan-licence programs will have similar eligibility requirements so that concessions are not offered to those who can otherwise afford to purchase or rent across the market.
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