In what has been a full year for NHFIC, the Board approved over $900 million of loans to 16 community housing organisations supporting the financing of more than 3800 social and affordable homes and over 1000 new dwellings.
The issuance of two bonds totalling $630 million during the year enabled NHFIC to provide lower cost, longer term loans to community housing organisations around the country with the second NHFIC bond issued last month supporting loans to seven CHOs in Victoria, NSW, Queensland, Western Australia, and South Australia.
NHFIC’s 2018-19 Social Bond Report details the use of proceeds from NHFIC’s inaugural bond issuance in March 2019. The report demonstrates the positive impact that NHFIC’s transformative financing is achieving in improving housing outcomes for Australians. You can view the report here.
New financial modelling tools
During the year, NHFIC launched two new financial modelling tools to assist CHOs. Workshops and training for the Project Finance Model will be available in early January, while workshops for the Financial Model will follow in February.
Capacity Building Program
NHFIC has also extended the $1.5 million Capacity Building Program to Tier 1 CHOs. The program provides access to professional advisory services to assist CHOs with the upfront work required to support a NHFIC loan application.
First Home Loan Deposit Scheme
Finally, NHFIC is looking forward to the launch of the First Home Loan Deposit Scheme on 1 January 2020, a new Australian Government initiative that will help first home buyers on low to moderate incomes enter the housing market sooner. Fact sheets and eligibility criteria can be accessed on the NHFIC website.
Check out NHFIC’s new website featuring a number of product fact sheets and case studies.
- article courtesy of NHFIC