Starter Homes Deposit Loan Scheme

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A decision made on 3 December 2012:

Decision Reference: MD-TR-2012-0109
Decision Summary Title:	Establishing a Starter Homes Deposit Loan Scheme		Date of Decision Summary:	3rd December 2012
Decision Summary Author:	Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/a
Written Report Title:	Draft Report and Proposition to establish a Starter Homes Deposit Loan Scheme		Date of Written Report:	3rd December 2012
Written Report Author:	Director, Corporate Policy, Chief Minister’s Department		Written Report : Public or Exempt?	Public
Subject: Establishing a Starter Homes Deposit Loan Scheme.
Decision(s): The Minister approved the Report & Proposition requesting the establishment of a Starter Homes Deposit Loan Scheme and requested that it be lodged au Greffe for debate by the States on 29th January 2013.
Reason(s) for Decision: To establish a Starter Homes Deposit Loan Scheme as a targeted pilot scheme to support Islanders to attain home ownership suitable to their needs and means, where they otherwise cannot afford the full deposit but can afford to make repayments if a low interest deposit loan is available.
Resource Implications: The Starter Homes Deposit Loan Scheme will be established by way of a transfer of £3 million from the Dwelling Houses Loan to the Consolidated Fund. (The Dwelling Houses Loan Fund had a net asset value of £11.7 million as at 31st December, 2011, with liquid investments of £5.6 million).
Action required: The Greffier of the States to be requested to arrange for the attached Report & Proposition to be lodged au Greffe for debate on 29th January 2013.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: