IBA's Housing Solutions branch has a focus on helping Aboriginal and Torres Strait Islander peoples who have difficulty obtaining finance from commercial lenders by providing a range of affordable housing loan finance options. The program is targeted at first home buyers and aims to address barriers such as loan affordability, low savings, impaired credit histories and limited experience with long term loan commitments. The program sets interest rates, deposit requirements and other support arrangements at appropriate levels that will assist people who may otherwise not be able to enjoy home ownership.
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