Common use of RENTAL HOUSING ASSISTANCE Clause in Contracts

RENTAL HOUSING ASSISTANCE. 21. A State will establish a Rental Capital Account (in this Part referred to as “the Account” and elsewhere as “the Rental Capital Account”) which shall be operated by the State in accordance with this Part. All moneys in the Account are to be fully expended or committed in the year in which they are credited to the Account. 22. A State will pay into the Account: (a) in each year of this agreement: (i) all untied assistance paid by the Commonwealth to the State under this agreement during that year; (ii) an amount of specific housing assistance grants as agreed by the Minister and State Minister; (iii) grant matching funds; (iv) such part of the cash surplus of revenue over outgoings arising from rental operations as is not applied to rental operations in accordance with clause 24; (v) net proceeds from the sale after the first day of July 1989 of rental housing and land acquired under previous housing arrangements and the agreement referred to in Recital (B) or from the Account under this agreement; (vi) State moneys which the State wishes to, and may consistently with this agreement, apply under clause 23 to activities referred to in this Part; and (vii) any other funds as agreed between the Minister and State Minister; and (b) additionally, in the first year of the agreement, such part of financial assistance and State matching funds provided under previous housing arrangements applied by the State to rental housing assistance as is unexpended at 1 July 1989. (1) A State may use, in accordance with the principles set out in Recital (D) and the Commonwealth/State plan, moneys in the Account: (a) to meet the direct costs associated with the construction of rental housing; (b) to meet the costs of, and associated with, the acquisition, planning and development of land for rental housing development; (c) to make payments for, or provide bridging finance for, the provision of open space, landscaping, community facilities and for costs associated with land development, including contributions to headworks and reticulation of services, directly related to rental housing; (d) to make payments for the upgrading of rental housing; (e) to meet the direct costs associated with the purchase of housing for rental housing; (f) to engage in urban renewal activities related to rental housing; (g) to allocate funds to local government bodies for the construction or purchase of rental housing, where a State Minister considers it would be more appropriate for rental housing to be provided by those bodies; (h) to participate in joint ventures, co-operative enterprises or similar arrangements, other than those of an ongoing or recurrent nature, for the provision of rental housing integrated with private housing to achieve a desirable socioeconomic mixture; (i) to meet the direct costs of construction or purchase of dwellings for rental to participants in shared ownership schemes, with both the schemes and the costs to be agreed by the Minister and State Minister, where it is not practicable to fund the construction or purchase for this purpose from funding sources outside this agreement; and (j) to pay principal and interest falling due in a year on Commonwealth loans provided to the State under previous housing arrangements, the amount of the payments being phased in over three years with 50 per cent available in the first year, 75 per cent in the second year and 100 per cent in the third year or as agreed by the Minister and State Minister, having regard to the cash surplus on rental operations.

RENTAL HOUSING ASSISTANCE. 21. A State will establish a Rental Capital Account (in this Part referred to as “the Account” and elsewhere as “the Rental Capital Account”) which shall be operated by the State in accordance with this Part. All moneys in the Account are to be fully expended or committed in the year in which they are credited to the Account. 22. A State will pay into the Account: (a) in each year of this agreement: (i) all untied assistance paid by the Commonwealth to the State under this agreement during that year; (ii) an amount of specific housing assistance grants as agreed by the Minister and State Minister; (iii) grant matching funds; (iv) such part of the cash surplus of revenue over outgoings arising from rental operations as is not applied to rental operations in accordance with clause 24; (v) net proceeds from the sale after the first day of July 1989 of rental housing and land acquired under previous housing arrangements and the agreement referred to in Recital (B) or from the Account under this agreement; (vi) State moneys which the State wishes to, and may consistently with this agreement, apply under clause 23 to activities referred to in this Part; and (vii) any other funds as agreed between the Minister and State Minister; and (b) additionally, in the first year of the agreement, such part of financial assistance and State matching funds provided under previous housing arrangements applied by the State to rental housing assistance as is unexpended at 1 July 1989. (1) A State may use, in accordance with the principles set out in Recital (D) and the Commonwealth/State plan, moneys in the Account: (a) to meet the direct costs associated with the construction of rental housing; (b) to meet the costs of, and associated with, the acquisition, planning and development of land for rental housing development; (c) to make payments for, or provide bridging finance for, the provision of open space, landscaping, community facilities and for costs associated with land development, including contributions to headworks and reticulation of services, directly related to rental housing; (d) to make payments for the upgrading of rental housing; (e) to meet the direct costs associated with the purchase of housing for rental housing; (f) to engage in urban renewal activities related to rental housing; (g) to allocate funds to local government bodies for the construction or purchase of rental housing, where a State Minister considers it would be more appropriate for rental housing to be provided by those bodies; (h) to participate in joint ventures, co-operative co‑operative enterprises or similar arrangements, other than those of an ongoing or recurrent nature, for the provision of rental housing integrated with private housing to achieve a desirable socioeconomic mixture; (i) to meet the direct costs of construction or purchase of dwellings for rental to participants in shared ownership schemes, with both the schemes and the costs to be agreed by the Minister and State Minister, where it is not practicable to fund the construction or purchase for this purpose from funding sources outside this agreement; and (j) to pay principal and interest falling due in a year on Commonwealth loans provided to the State under previous housing arrangements, the amount of the payments being phased in over three years with 50 per cent available in the first year, 75 per cent in the second year and 100 per cent in the third year or as agreed by the Minister and State Minister, having regard to the cash surplus on rental operations.

RENTAL HOUSING ASSISTANCE. 2130. A Funds available to a State will establish a Rental Capital Account during any year for its rental housing assistance program (in for the purposes of this Part referred to as “the Account” and elsewhere as “the Rental Capital Account”"rental housing assistance funds") which shall be operated by the State in accordance with this Part. All moneys in the Account are to be fully expended or committed in the year in which they are credited to the Account. 22. A State will pay into the Account:consist of— (a) in each respect of a year of this agreement: (i) all untied , payments of loan assistance paid by the Commonwealth to the State and grants that are made under this agreement during that year; (ii) an amount of specific housing assistance grants as agreed by the Minister and State Minister; (iii) grant matching funds; (iv) such part of the cash surplus of revenue over outgoings arising from rental operations as is not applied to rental operations in accordance with clause 24; (v) net proceeds from the sale after the first day of July 1989 of for rental housing and land acquired under previous housing arrangements and the agreement referred to in Recital (B) or from the Account under this agreement; (vi) State moneys which the State wishes to, and may consistently with this agreement, apply under clause 23 to activities referred to in this Part; and (vii) any other funds as agreed between the Minister and State Ministerassistance; and (b) additionally, in respect of any year— (i) any surplus during the first year of revenue, after allowing for rental rebates, over outgoings incurred or provided for, arising from rental housing operations of the agreement, such part of financial assistance and State matching funds provided under this agreement or previous housing arrangements and to which this agreement applies; (ii) subject to paragraph (e) of clause 36, net proceeds from sale of rental dwellings; and (iii) any other funds which the State allocates for rental housing assistance under this agreement. 31. Without by this clause conveying any implication that funds are to be made available by the Commonwealth for, or are to be applied by a State for, any particular purpose or in any order or priority, the purposes for which rental housing assistance funds may be used by the State to rental housing assistance as is unexpended at 1 July 1989. (1) A State may use, in accordance with include the principles set out in Recital (D) and the Commonwealth/State plan, moneys in the Accountfollowing: (a) to meet the direct costs associated with the construction of rental housing; (b) to To meet the costs of, of and associated with, with the acquisition, planning and development of land primarily for rental housing residential development; (b) To pay for the construction or acquisition of housing; (c) To repay the principal of and pay interest on loan assistance to the State for rental housing assistance; (d) To provide funds to such voluntary, non-profit, charitable bodies and other housing management bodies or groups as are approved by the State Minister; (e) To enable housing to be let to such charitable bodies and other organizations as are approved by the State Minister for the provision of assistance to disadvantaged persons; (f) To engage in urban renewal activities related to public housing; (g) To allocate funds to local government bodies for the provision of rental housing where the State Minister considers that it would be more appropriate for such rental housing assistance to be carried out by those bodies; (h) To make payments for, or provide bridging finance for, the provision of open space, landscaping, community facilities and for costs associated with land development, including contributions to headworks and reticulation of services; (i) To undertake research and policy development in relation to matters not funded by the Australian Research Council; (j) To undertake and participate in joint ventures, directly co‑operative enterprises or similar arrangements in order that public housing developments may be integrated with private housing and to achieve a desirable socio-economic mixture of housing; (k) To lease housing from the private housing sector; (l) To provide housing advisory services related to public housing; (m) To provide rental subsidy for eligible persons renting private housing; and (n) Any other purposes agreed upon between the Minister and the State Minister. 32. The conditions of eligibility of persons for rental housing assistance shall be determined by the State and shall ensure that assistance is directed to those applicants most in need of such assistance. 33. The State will in respect of the rent for its rental dwellings apply a policy directed to the progressive movement during the term of this agreement of the rent for each dwelling to charging market rent and will review rents at least annually. (1) Rental rebates are to be granted to tenants who are not able to afford to pay the rent determined in accordance with clause 33. (2) A uniform rental rebate policy shall be developed by the Commonwealth and the States and shall be applied by each State for the calculation of rental rebates. (1) Where in respect of any year the rental housing operations of the State result in a surplus of revenue after allowing for rental rebates over outgoings, that surplus shall be separately identified to the Commonwealth and shall be included in rental housing assistance funds as provided in paragraph (b)(i) of clause 30 for application in accordance with clause 31. (2) Outgoings for the purposes of this clause shall consist of those normally incurred or provided for in rental housing operations and shall include repayments of principal and interest, maintenance, dwelling improvements, municipal rates and administrative expenses. 36. Each State will determine a policy for the sale of rental dwellings that is consistent with the objective of facilitating home ownership and is upon and subject to the following conditions: (a) All sales of dwellings shall be at market value or replacement cost, on the basis of a cash transaction, but not so as to preclude the State, if it so wishes, from providing a credit to the tenant in recognition of improvements that the tenant has made to the dwelling; (b) Home purchase assistance funds may be used to provide finance for the purchase of dwellings; (c) All proceeds from sales of dwellings shall be separately identified to the Commonwealth; (d) Net proceeds from sales of dwellings shall generally be applied to make payments construct or purchase replacement dwellings which can be included in rental dwellings for the upgrading purpose of rental housing; (e) to meet the direct costs associated with the purchase of housing for rental housing; (f) to engage in urban renewal activities related to rental housing; (g) to allocate funds to local government bodies for the construction or purchase of rental housing, where a State Minister considers it would be more appropriate for rental housing to be provided by those bodies; (h) to participate in joint ventures, co-operative enterprises or similar arrangements, other than those of an ongoing or recurrent nature, for the provision of rental housing integrated with private housing to achieve a desirable socioeconomic mixture; (i) to meet the direct costs of construction or purchase of dwellings for rental to participants in shared ownership schemes, with both the schemes and the costs to be agreed by the Minister and State Minister, where it is not practicable to fund the construction or purchase for this purpose from funding sources outside this agreement; and (je) to pay principal and interest falling due in a year on Commonwealth loans provided Without prejudice to the generality of (d), net proceeds from sales of dwellings may also be applied for specific housing purposes provided for in this agreement. 37. Each State under previous will in respect of each year furnish to the Commonwealth by 30 November next occurring after that year a financial statement in respect of operations of its rental housing arrangements, assistance program during that year which shows the amount origin of funds received and the payments being phased manner in over three years with 50 per cent available in the first year, 75 per cent in the second year which those funds were applied and 100 per cent in the third year or which is certified as agreed to its correctness by a person appointed by the State Minister and State Minister, having regard to the cash surplus on rental operationsfor that purpose.