The HomeShare initiative will continue to be spruiked by the state government in a new advertising campaign.
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This is despite the fact the initiative was introduced by a Labor government in 2008.
HomeShare allows new home buyers to share the cost of a home with the Director of Housing.
The director can own up to 30 per cent of a given home under the scheme.
Human Services Minister Jacquie Petrusma said the new $30,000 HomeShare ad campaign was the result of a partnership with Bendigo and Adelaide Bank and Tassie Home Loans.
Peak housing body Shelter Tasmania stated that shared equity programs like HomeShare played “a useful role” in enabling low-income earners to break into the state’s housing market.
“We encourage investigating other forms of shared equity housing, too, where houses remain at affordable prices when they are eventually re-sold,” chief executive Pattie Chugg said.
Premier Will Hodgman also turned the sods at Clarendon Vale on Wednesday to mark the construction of 14 new affordable houses.