The NHIF is a $1 billion facility that provides finance for eligible infrastructure projects that will unlock new housing supply, particularly affordable housing.

The NHIF offers concessional loans, grants and equity finance to help support critical housing-enabling infrastructure projects. It can be used for:

• new or upgraded infrastructure for services, such as stormwater, sewerage, water, gas, electricity telecommunications or transportation (including roads)
• site remediation works, including the removal of hazardous waste or contamination
• onsite and linking infrastructure.

To be eligible for financing, an applicant must demonstrate that without NHIF finance its project would be unlikely to proceed, likely to proceed only at a much later date, or likely to proceed with a lesser impact on new affordable housing.

The terms of NHIF financing are flexible with a range of concessions available to suit the applicant’s project requirements. These may include, for example, concessional interest rates and/or longer loan tenure or extended period of capitalised interest.