The Chairman of Indigenous Business Australia (IBA), Mr Joseph Elu, has welcomed the commitment of $3.3 billion in funding to Indigenous Australians announced in the 2006-07 Budget.
Included in the package is $488 million for key areas like housing, education, health and leadership training as well as $48.1 million over four years to improve and expand the current network of remote community stores.
Another core component is a promised $107.4 million package over four years to develop home ownership opportunities on land that is Indigenous owned. This will be done under IBA’s Community Homes programme. A further capital injection of $20 million has been directed to IBA Homes and will allow an extra 140 Indigenous families in towns and cities to buy their own homes.