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Budget 2021: Family Home Guarantee to help single parents
Budget 2021: Family Home Guarantee to help single parents Monday, 10 May 2021
Single parents hoping to get a foot on the property ladder will receive a boost this year, following the announcement of a new government initiative as part of the 2021-2022 Federal Budget.
Dubbed the Family Home Guarantee, the program will allow single parents to purchase an existing home or build a new one with a deposit of as little as 2%.
The program will commence 1 July 2021 and stretch over a period of four years, during which it will provide 10,000 guarantees to single parents with dependents.