This article is from the Australian Property Journal archive
THE National Housing Finance and Investment Corporation (NHFIC) is now Housing Australia, with the agency’s responsibilities expanded with the aim of improving housing outcomes across the country.
The agency will take on the additional role of supporting the delivery of 40,000 social and affordable homes under the new Housing Australia Future Fund and National Housing Accord.
At the same time, Housing Australia will continue to operate as a corporate Commonwealth entity governed by an independent board and to deliver the Home Guarantee Scheme, Affordable Housing Bond Aggregator and National Housing Infrastructure Facility.
The fourth annual Home Guarantee Scheme Trends & Insights Report by the NHFIC, recently revealed that the share of Australian first home buyers utilising the Home Guarantee Scheme has more than doubled, following the government’s expansion of places available in the scheme,
The NHFIC was established in 2018 to administer federal government housing programs and has since supported over 17,800 new and existing social and affordable homes with loans to 38 community housing providers (CHPs) totalling more than $3.4 billion through the bond aggregator.
In addition to fast-tracking housing through the infrastructure facility and assisting over 114,000 Australians into home ownership.
