National Housing Finance and Investment Corporation
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.
Type of Body
B. Corporate Commonwealth Entity
GFS Sector Classification
Established By / Under
Act / Regulation
Established By/Under More info
National Housing Finance and Investment Corporation Act 2018
Annual Report Prepared and tabled?
GFS Function / Sector Reported
Not Yet Appointed
30 June 2018