National Housing, Finance and Investment Corporation (NHFIC)
As part of its approach to addressing housing affordability, the Australian Government is proposing to establish a National Housing Finance and Investment Corporation (NHFIC) charged with investing $1billion to improve housing affordability.
The NHFIC will use tailored financing to partner with local governments, funding infrastructure to unlock new housing supply.
It will also operate an affordable housing bond aggregator designed to provide cheaper and longer-term finance to community housing providers.
A consultation paper on the NHFIC has been released, with the Government calling for written submissions.
The consultation paper focuses on if the NHFIC should have more flexibility in its partnerships and funding arrangements, for example funding not just local governments, but community housing providers as part of a consortium to develop projects that offer both market-rate and affordable housing options; should funding be conditional on setting aside targets to facilitate the supply of affordable housing; and should design features be considered.
A report on the proposed Affordable Housing Bond Aggregator has also been released. Both reports are available on the Treasury website, along with more information on how to respond.
Comments on the consultation paper are due by Friday 20th October, 2017.
Shelter WA will be working with National Shelter to develop a response to this paper. If you would like to provide any feedback to be included in this submission, don't hesitate to contact us at: firstname.lastname@example.org
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