Streets Ahead Incentive Program
The Streets Ahead Incentive Program (Streets Ahead) can help you to buy a home from Housing Tasmania.
Streets Ahead is now available to ALL public housing tenants. Tenants who rent a Housing Tasmania property are exempt from income and asset limits under the scheme.
Of course, you still need enough income to make repayments on your loan.
How does it work?
Streets Ahead can help you with your deposit, mortgage insurance and legal costs. This includes:
- $12 000 to help you pay your house deposit
- up to $500 to help with your mortgage insurance premium
- up to $500 to help with legal costs associated with buying a house.
Anglicare has independent financial counselling for free. They can help you work out your budget and whether you can afford to buy a house. You can contact them on 1800 007 007.
When you have signed a contract with Housing Tasmania, we will pay for the cost of getting an independent building report. If the report finds there is a structural problem with the house, you can change your mind about buying it. You must live in the house you buy (it has to be your main residence) and you cannot sell all or part of the property within three years of buying it.
Housing Tasmania has a condition (called a caveat) over the property that applies for a period of three years.
If you do not follow these or other conditions of Streets Ahead, you may need to repay the financial assistance you received, up to $13 000, within 28 days of a request in writing from the Director to do so.
What property can you buy?
Streets Ahead assistance is available to buy Housing Tasmania properties that are for sale.
Essential Maintenance Package
If you purchase a Housing Tasmania property through Streets Ahead you are eligible for the Essential Maintenance Package.
The Essential Maintenance Package helps Streets Ahead purchasers by providing financial assistance if an essential major item in the home (such as a hot water cylinder) fails.
You can make as many claims as you need, up to a limit of $2 000 (including GST) within two years of your purchase.
Are you eligible for Streets Ahead?
You must meet the eligibility criteria for Streets Ahead. That includes having enough income to meet the costs of purchasing and owning a home. For more information see Eligibility for Home Ownership Assistance.
How do I apply for Streets Ahead?
If you are interested in buying one of these properties you can contact the Real Estate Agent and submit an Offer to Purchase with Streets Ahead Assistance Form.
If you are a tenant living in a Housing Tasmania house, you can write to Housing Tasmania and apply to buy the house with Streets Ahead assistance. More information can be found here.