The NHFIC's mission is to improve housing outcomes for all Australians by:
- strengthening efforts to increase the supply of housing; and
- encouraging investment in housing (particularly in the social or affordable housing sector); and
- providing finance, grants and investments that complement, leverage or support Commonwealth, State or Territory activities relating to housing; and
- contributing to the development of the scale, efficiency and effectiveness of the community housing sector in Australia; and
- assisting earlier access to the housing market by first home buyers.
The NHFIC administers the following programs:
- making loans, investments and grants for enabling infrastructure for housing that supports new housing, particularly affordable housing, through the $1 billion National Housing Infrastructure Facility;
- providing cheaper and longer-term financing to registered community housing providers through the Affordable Housing Bond Aggregator;
- providing up to 10,000 guarantees per financial year to allow eligible first home buyers to purchase a modest home sooner with a deposit of as little as 5 per cent, and an additional 10,000 guarantees in 2020-21 to build a new home or purchase a newly-built home, through the First Home Loan Deposit Scheme;
- supporting registered community housing providers and encouraging growth of the sector through a capacity building program; and
- undertaking research into housing demand, supply and affordability in Australia.
Further information
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Type of Body
B. Corporate Commonwealth Entity
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GFS Sector Classification
GGS
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Established By / Under
Act / Regulation
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Established By/Under More info
National Housing Finance and Investment Corporation Act 2018
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Annual Report Prepared and tabled?
Yes
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Classification
A. Principal
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GFS Function / Sector Reported
PFC
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Materiality
Material
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Auditor
Not Yet Appointed
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Creation Date
Last updated: