Today I officially launched the Rental Bond Help online platform, making it easier for individuals and families to access interest free loans for their rental bond in the ACT.
The Rental Bond Help program allows individuals earning up to $94,000 or couples earning a joint amount of up to $125,000 to rent privately when they may not have the access to savings to pay their rental bond.
This new program will mean that students, families and young couples won’t have to worry about covering the bond upfront when they can access an interest free loan for up to 2 years from the ACT Government. A rental bond shouldn’t be a barrier to renting a home.
Applicants can apply and submit their application online making it easier to access services. The ACT Government will pay the lump sum cost of their rental bond straight to the ACT Revenue Office. The applicant can then repay the money without any interest over a period of their choosing—up to 24 months.
This new online capability is part of the 2019-20 budget commitment of $668,000 to digitise ACT Housing services and is one of the first digitised client services currently being rolled out across ACT Government.
Rental Bond Help is a new program that replaces the previous Rental Bond Loan scheme.
For more information about the Rental Bond Help program visit https://www.myaccount.act.gov.au/rentalbondhelp/s/ or contact Gateway Services on 133 427.
- Statement ends -
Section: Yvette Berry, MLA | Media Releases
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