Shared Equity Scheme

HIA has met with the Director of the Housing Innovations Unit to progress the Shared Equity Scheme.

The Shared Equity Scheme was promoted by HIA and Lisa Singh (MHA) during the State Budget.

The model gives young Tasmanians on low to middle incomes access to funds of up to $50,000 from the government in exchange for the government taking a proportionate equity stake in the home.

The government has allocated $7.5 million for the program.

HIA is currently preparing working papers to assist in the introduction of the Equity Scheme.

We will keep members informed as the program develops.