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{{propApi.successMessage}} {{region}} Change locationHIA supports extension of HomeGrown Territory grants
HIA supports extension of HomeGrown Territory grants
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“Super-charging the first home owner’s grant and boosting funding for ongoing homeownership was a key priority for HIA at the 2024 election and it is positive to see Government delivering on this promise.
“Access to secure, affordable housing in the NT is an ongoing challenge for families and first homeowners and these grants serve to address the rising cost of housing in the top end.
“The HomeGrown Territory grants are an important initiative by the NT Government which will bolster home building activity, supporting local building, trade and supply businesses after several challenging years,” added Mr Espinoza.
“In addition to the HomeGrown Territory grants, HIA calls on Government to ensure it is removing all barriers to home ownership, including cutting red tape and taxation on housing, supporting skills and workforce development, as well as addressing known challenges with the Fidelity Fund NT.
“These and other forms of housing incentive programs are critical to boost housing supply and home ownership rates to support first home buyers, as well as existing homeowners, to build a life in NT.
“HIA will continue to support and advocate for policies that assist more prospective homeowners into housing and help them achieve their home ownership aspirations,” concluded Mr Espinoza.
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HomeGrown grant key to rebuilding the Territory
“Today’s announcement on the successful take up of the HomeGrown Territory grant highlights the importance of this key housing support scheme that is spurring economic growth and kickstarting home building across the Territory,” stated HIA Executive Director - Northern Territory, Luis Espinoza.