Joy Burch has announced that the ACT Government’s Rental Bonds Housing Assistance Program is now going to be available to more people for an interest free hand paying a bond.
ACT Minister for Disability Housing and Community Services Joy Burch said the changes would enable more people to enter the private rental market by increasing the household income thresholds. For a two-income family, or a sole parent, the pre-tax weekly threshold has increased from $1717 to $1908. For a single-income household with no dependents the threshold has increased from $1383 to $1431.
“The loans will cover most of the cost of a rental bond, freeing up funds to assist individuals and families with other expenses associated with moving house,” Ms Burch said.
Let’s hope they can pay the rent.