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- HomeFund abstract "HomeFund was a scheme set up by the New South Wales state government and operated through co-operative housing societies that allowed people who would not otherwise be able to afford a home to take out loans that would allow them to purchase a home. The scheme was especially targeted at public housing tenants.The scheme was originally set up by the Australian Labor Party government of Neville Wran in the mid-1980s. Problems started to emerge when the then-new Coalition government of Nick Greiner raised public housing rents and started to market more aggressively toward public housing tenants, with some people receiving 30-year loans even though they were already aged into their 70s and 80s. Interest rates for the scheme rose to around 15.9%, which was somewhat consistent with what other home loan lenders were charging at the time but out of reach of most HomeFund borrowers, with in many cases repayments not even covering interest.As a result of this, the scheme was restructured in 1993 with the appointment of a HomeFund commissioner to deal with complaints and a program to either move loans to commercial lenders or cap interest rates.".
- HomeFund wikiPageID "15266082".
- HomeFund wikiPageRevisionID "563382487".
- HomeFund hasPhotoCollection HomeFund.
- HomeFund subject Category:Government_of_New_South_Wales.
- HomeFund subject Category:Political_controversies_in_Australia.
- HomeFund type Abstraction100002137.
- HomeFund type Act100030358.
- HomeFund type Controversy107183151.
- HomeFund type Disagreement107180787.
- HomeFund type Dispute107181935.
- HomeFund type Event100029378.
- HomeFund type PoliticalControversiesInAustralia.
- HomeFund type PsychologicalFeature100023100.
- HomeFund type SpeechAct107160883.
- HomeFund type YagoPermanentlyLocatedEntity.
- HomeFund comment "HomeFund was a scheme set up by the New South Wales state government and operated through co-operative housing societies that allowed people who would not otherwise be able to afford a home to take out loans that would allow them to purchase a home. The scheme was especially targeted at public housing tenants.The scheme was originally set up by the Australian Labor Party government of Neville Wran in the mid-1980s.".
- HomeFund label "HomeFund".
- HomeFund sameAs m.03hnm6d.
- HomeFund sameAs Q5887938.
- HomeFund sameAs Q5887938.
- HomeFund sameAs HomeFund.
- HomeFund wasDerivedFrom HomeFund?oldid=563382487.
- HomeFund isPrimaryTopicOf HomeFund.