ACT to start a new housing program to aid low income women

By Maria Gil · · 1 min read
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The National Housing Finance and Investment Corporation (NHFIC) has announced a new housing program for low-income women in ACT.

NHFIC and the ACT Government and Community Housing Canberra plan to finance and build 22 affordable rental dwellings for women in Strathnairn, Canberra. The aim is to support women facing rental stress or at risk of homelessness. 

The proposed program will allow a single woman between the age of 25-45 to find affordable and long term stable accommodation. The homes will be rented for a long term period and will be available to purchase at the end of a 10-year lease–making the pathway to homeownership easier. 

“Too many women across Australia don’t have access to safe and secure housing,” says Minister of Housing, Julie Collins.

“This is an important step in changing that for women in Canberra. This will not only provide an affordable place to rent – it is a stepping stone to the security of home ownership.”

If you’re looking for a pathway to home ownership, the Australian government has several schemes and grants available for people looking to become property owners. 

Owning a home doesn’t have to be a challenge, read Mozo’s home loan guides and tips for more information. Alternatively, compare home loans below to see what you can afford.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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