More than 5,500 flood affected Queensland home owners have applied for financial assistance from the $741,000 million Resilient Homes Fund, which remains open to new applicants.
The jointly funded program was established following last year’s rainfall and flooding events through the Commonwealth-State Disaster Recovery Funding Arrangements (DRFA).
“Applicants who don’t qualify for a house buy-back may be eligible for two other options under the scheme.”
One hundred and eighty offers have been made so far, from 4,100 homes assessed. This represents less than 5% of the assessed properties proceeding to completion and approval.
Although more than 95% of the applications have either failed, or are yet to be processed, Acting Premier Steven Miles focused on the positives as he announced over 130 voluntary home buybacks among the 180 offers, describing it as a great outcome for Queensland homeowners.
“This is a significant milestone, and very welcome news for the homeowners who were impacted by devastating floods last year,” said Mr Miles.
Applicants who don’t qualify for a house buy-back may be eligible for two other options under the scheme. Homeowners may qualify for house-raising, or retro-fitting to a more resilient standard.
The inspections of damaged homes will continue through this year and the DRFA will continue processing new and existing applications.