78Advances to housing providers, housing support providers and other persons

78 Advances to housing providers, housing support providers and other persons

(1)  Homes Tasmania may make an advance to a housing provider, or a housing support provider, for the purpose of enabling the provider –

(a) to sell or lease residential premises to persons, or to provide residential accommodation to persons, some or all of whom are eligible persons; or

(b) to provide housing support services to persons, some or all of whom are eligible persons.

(2)  Homes Tasmania may make an advance to a person for the purpose of enabling the person –

(a) to purchase land so as to enable the construction, alteration, enlargement, repair or improvement of residential premises on the land so that some or all of such residential premises may be sold or leased to, or used to provide residential accommodation to, eligible persons or persons on low or moderate incomes; or

(b) to construct, alter, enlarge, repair or improve residential premises on land so that some or all of such residential premises on the land may be sold or leased to, or used to provide residential accommodation to, eligible persons.

(3)  An advance under this section to a housing provider, housing support provider or person is to be repayable on the terms, and subject to the conditions, that are agreed between Homes Tasmania and the housing provider, housing support provider, or person, respectively.