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The National Housing Finance and Investment Corporation (NHFIC) will explore potential housing supply solutions across NSW with the state government’s land and property development group.
Mortgage Business
NHFIC provides $400m for Vic social housing By Reporter 19 May 2021
The national housing body has announced funding for loans and grants to provide social housing across Melbourne as part of a consortium.
The National Housing Finance and Investment Corporation (NHFIC) has announced that it has provided funding for around $400 million in loans and grants to deliver more social and affordable housing across Melbourne.
The funding is part of a Building Communities consortium from the not-for-profit, public, private and industry sectors.
The consortium – led by Community Housing Limited and investor and manager of infrastructure and structured projects, Tetris Capital – has been announced as the preferred bidder for three metropolitan Melbourne housing projects to be delivered under a ground lease structure on
Australian Treasury
The National Housing Finance and Investment Corporation (NHFIC) has provided funding of around $400 million in loans and grants to deliver more social and affordable housing across Melbourne. This is part of a Community Housing Limited (CHL) led consortium that has been announced as the preferred bidder for three metropolitan Melbourne housing projects to be delivered on vacant Homes Victoria land in Brighton, Flemington and Prahran.
With NHFIC’s support, the estimated $500 million project will deliver, operate, and maintain at least 1,100 new homes including social, affordable, specialist disability accommodation and private rental dwellings.
Assistant Treasurer, Minister for Housing, Minister for Homelessness, Social and Community Housing Michael Sukkar said that this deal will be the National Housing Finance and Investment Corporation’s largest to date and it has played a crucial role in supporting the supply of new homes in Victoria.