Today I am pleased to announce the key design features of the Turnbull Government’s National Housing Finance and Investment Corporation (NHFIC). The NHFIC is a new corporate entity that was announced on Budget night and is dedicated to improving housing affordability.
The NHFIC will operate an affordable housing bond aggregator (BA) that will drive efficiencies and cost savings in the provision of affordable housing by community housing providers (CHPs). The NHFIC will also administer the National Housing Infrastructure Facility (NHIF) – a $1 billion facility that will finance housing-related infrastructure to reduce bottlenecks that impede the supply of new housing.
Since Budget, the Government has consulted widely and listened carefully to stakeholders in developing the NHFIC’s design features. In September, the Government released a public consultation paper which set out some early thinking. More than 50 written submissions were received and more than 120 stakeholder groups were consulted in targeted roundtables in each capital city.
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