$1.5m paid out in housing grant
“Majority of it was first home grants. And we’ve made a payout of just over $1.5m already. And at the moment there are about another 145 applications that are in the final stages of processing. Which once approved will be least about another $2.2m payout actually. So we have a budget of $6m altogether this year for the first home and first land grant.”
Perera adds the grant also aims to generate economic activity during the COVID-19 period.
“The purpose of the increase in the grant this year was to mainly sort of use it as a boost into the construction industry. I believe at the same time to keep the residential financial market afloat. So more people get encouraged to build houses and then it also generates more housing loans and things.”
Housing Minister Premila Kumar says it’s important the right people are assisted in any housing scheme.
Credit: FBC
Date: 23/11/2020
