The Territory is stepping up a bid to get the same treatment as Tasmania and have its historic housing debt wiped.
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Tasmania recently secured a deal with the Commonwealth to waive its $157 million housing debt, a deal that came from Tasmanian senator Jacqui Lambie's support for the Coalition's tax cuts.
Tasmania must spend all the money saved on public and affordable housing.
Chief Minister Andrew Barr has written to Prime Minister Scott Morrison in a bid to get ACT's $115 million housing debt, which dates back to self-government, waived.
"I would welcome the opportunity to extend our collaboration on housing matters with a similar arrangement for the ACT as you have provided to Tasmania and look forward to your response," he said in the letter.
"Release of the territory from this debt would enable this money to be redirected to the provision of much needed social and affordable housing for Canberrans."
The ACT has two historic housing loans from the Commonwealth which were provided around the start of self government in 1989.
The loans mature in 2040 and 2042 and the total amount payable - including interest - is $157.8 million.
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Of the $13.4 million the territory will have to pay this year, $5.2 million will be in interest.
There is also no way the ACT can make an early repayment of the debt to clear it.
The ACT will receive $27 million from the Commonwealth under the National Housing and Homelessness Agreement in 2019-202, but it will have to give about half the money back to service these historic debts.
Mr Barr said the government raised waiving the debts with Treasurer Josh Frydenberg and assistant Minister for Homelessness Luke Howarth before last week's Tasmania announcement.
He said he would raise the issue again when he meets with the Minister for Housing Michael Sukkar later this week.
"We are pleased the Commonwealth is showing a willingness to engage with the other states and territories on this important issue, and the ACT government will be following up with the Commonwealth seeking a similar arrangement to Tasmania," he said.
"We would be very happy to sign-up to the same arrangement as Tasmania to grow Canberra's social housing sector."
State and territory governments have $2 billion worth of social housing debt to the Commonwealth.
Ms Lambie struck the deal in July after agreeing to support the government's $158 billion income tax plan.
The ACT is paying about the same proportion of its housing payments back to the Commonwealth as Tasmania.
The debts are separate to the $1 billion loan the territory government took on to clean-up the Mr Fluffy crisis.
The government ruled out waiving the territory's Mr Fluffy debt to help build a new stadium in June.