Highlights
400+ more dwellings |
Supporting over 400 new social and affordable dwellings. |
$450m+ loans committed to CHPs |
More than $450m in loans provided to CHPs to drive the supply of social and affordable housing. |
<3% interest rate |
The funds raised by NHFIC’s first social bond were lent at an interest rate of less than 3%. |
$50m+ cost savings over 10-year loan term |
NHFIC’s innovative financing model is delivering an estimated $50m+ in financial cost savings for CHPs over the 10-year term of the loans, enabling them to invest more in new social and affordable housing. |
$315m social bond |
NHFIC’s debut $315m bond issue was 4x over-subscribed with total bids in excess of $1.3b. |
$1.5m Capacity Building Program |
Established a $1.5m Capacity Building Program to support tier 2 & 3 CHPs access NHFIC’s finance. |
Established a best-practice governance regime |
Strong governance arrangements established, including appropriate controls to provide transparency and accountability to the Board and Management on NHFIC’s operations. |
Visit
https://www.transparency.gov.au/annual-reports/national-housing-finance-and-investment-corporation/reporting-year/2018-2019-2