Remote Indigenous Home Loan (RIHL)

Application Date: 12 October 2017 to 31 December 2017

Region: Queensland wide

Amount: $1,500 to $20,000

Details:

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This Indigenous Business Australia program aims to improve opportunities for home ownership in particular remote areas.

The program provides a package of assistance that may include:
– Up to $13,000 grant available to meet establishment costs, like legal or financial advice, pest report, property valuation and home insurance.
– Potential $20,000 grant available for minor house renovations, repairs and maintenance (subject to eligibility).
– Low deposit requirements (from $1,500 depending on income).

Eligible applicants include Aboriginal or Torres Strait Islander people who:
– Are able to demonstrate a capacity and readiness to take on the responsibilities that come with owning a home.
– Have been a permanent resident of the remote community and moved for education or employment opportunities.

People who permanently move from a nominated remote location or an outstation/small Indigenous community after 1 August 2015 remain eligible for RIHL and associated grants for up to five years from the date they move.

Nominated remote locations for Remote Indigenous Home Loans (RIHL) in Queensland:

  • Camooweal
  • Charleville
  • Coen
  • Cooktown
  • Longreach
  • Mitchell
  • St George

For more information: http://www.iba.gov.au/homes/iba-housing-loans/remote-indigenous-housing-loans/