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Home purchase assistance payment type code N

Identifying and definitional attributes

Metadata item type:Help on this termValue Domain
METeOR identifier:Help on this term612323
Registration status:Help on this termHousing assistance, Standard 30/08/2017
Definition:Help on this term

A code set representing types of home purchase assistance payments.

Representational attributes

Representation class:Help on this termCode
Data type:Help on this termNumber
Format:Help on this termN
Maximum character length:Help on this term1
Permissible values:Help on this term
ValueMeaning
1One-off repayable
2One-off non-repayable
3Ongoing repayable
4Ongoing non-repayable
Supplementary values:Help on this term
9Not stated/inadequately described

Collection and usage attributes

Guide for use:Help on this term

CODE 1   One-off repayable

Refers to assistance to meet a specific event, such as direct lending or deposit assistance for the purchase of a home, which the client has an obligation to repay. The assistance is repayable (or returnable) when the client has an obligation to repay, in part or full, the value of assistance provided. The repaying of assistance can be delayed for a period of time (e.g. 12 months after the loan was provided) or returned depending on the client’s income situations.

CODE 2   One-off non-repayable

Refers to assistance to meet a specific event, such as direct lending or deposit assistance for the purchase of a home, which the client has no obligation to repay.

CODE 3   Ongoing repayable

Refers to assistance that covers a specific length of time, such as interest rate assistance provided for a six month period, which the client has an obligation to repay. The assistance is repayable (or returnable) when the client has an obligation to repay, in part or full, the value of assistance provided. The repaying of assistance can be delayed for a period of time (e.g. 12 months after the loan was provided).

CODE 4   Ongoing non-repayable

Refers to assistance that covers a specific length of time, such as interest rate assistance provided for a six month period, which the client has no obligation to pay.

Relational attributes

Related metadata references:Help on this term

Supersedes Home purchase assistance payment type code N Housing assistance, Superseded 30/08/2017

Data elements implementing this value domain:Help on this term

Service event—payment type, home purchase assistance code N Housing assistance, Standard 30/08/2017

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