Shared Equity Scheme

Public housing tenants can now apply to purchase their existing home under the ACT Government’s new‘ Shared Equity Scheme’. One of Australia’s largest building societies IMB Limited will provide first mortgage finance to tenants purchasing their properties under the scheme. Tenants who are unable to afford to buy the full value of their home can buy a percentage of it. Housing ACT will retain the remaining percentage until it is also purchased by the tenant. Information sessions: When: Monday 17 May 2010 (from 6.30pm – 8.00pm) Where: The Tuggeranong Library, Cowlishaw Street Tuggeranong When: Tuesday 18 May 2010 (from 6.30pm