News from the National Housing Finance and Investment Corporation (NHFIC)
The NHFIC team has been in regular contact with our community housing clients over the past weeks to offer support and gather feedback on strategies being adopted to address COVID-19 related circumstances. We appreciate the challenges that many of you are facing in ensuring continued provision of services and support to tenants, ongoing business functions and protecting the health and wellbeing of your staff.
It has been encouraging to hear in these discussions that the reduced financing risks and costs provided by NHFIC funding has been beneficial for weathering the impact of COVID-19. I’m pleased to advise we’re currently working towards the issuance of our third bond in the coming months, which will support more low cost, long term loans to CHOs.
Our team have also been engaging with state registrars to coordinate communications with CHOs. We will continue to communicate with registrars on a regular basis to ensure the community housing sector continues to be supported during this time.
The National Housing Infrastructure Facility (NHIF) is another way we can support CHOs as the need for more social and affordable housing increases. The NHIF is a $1 billion facility that provides finance for eligible infrastructure projects that will unlock new housing supply. It offers concessional loans, grants and equity finance to help support critical housing-enabling infrastructure, including electricity and gas; water, sewerage and stormwater; transportation (including roads) and telecommunications.
For more information, you can email our team or contact us on 1800 549 767.
– NHFIC CEO, Nathan Dal Bon