NHFIC becomes Housing Australia, with expanded role to improve housing outcomes for more Australians
Effective today, the National Housing Finance and Investment Corporation (NHFIC) has become Housing Australia.
This announcement follows the passage and Royal Assent of the Federal Government's Housing Legislative Package, that included a name change as well as expanding the agency's responsibilities to support delivery of the Government's Housing Policy agenda
As Housing Australia, the agency will continue to operate as a corporate Commonwealth entity governed by an independent board. It will continue to deliver the Home Guarantee Scheme, Affordable Housing Bond Aggregator and National Housing Infrastructure Facility (that will receive an additional $1 billion investment from the Federal Government). The agency also takes on additional responsibilities to support delivery of 40,000 more social and affordable homes for Australians in need, under the new Housing Australia Future Fund and National Housing Accord.
Since the agency was established in 2018, the Federal Government programs that it administers have 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; fast-tracked much needed housing through the infrastructure facility; and helped more than 114,000 Australians into home ownership.
Housing Australia looks forward to continuing to collaborate across industry and all tiers of government to improve the supply of sustainable, long-term social and affordable housing, and help more lower-income, vulnerable or at-risk Australians into homes.
Note: The legal entity and ABN remain the same; emails have changed to firstname.lastname@example.org; and the website has changed to housingaustralia.gov.au.
About Housing Australia
Housing Australia’s purpose is to improve housing outcomes by helping more Australians to access affordable, safe and secure housing. Established in 2018 as the National Housing Finance and Investment Corporation (NHFIC), Housing Australia is a corporate Commonwealth entity that provides long-term and low-cost finance and capability building assistance to registered community housing providers (CHPs) to support the provision of more social and affordable housing. Housing Australia lends, invests and provides grants to help finance the critical infrastructure and social and affordable housing needed to unlock and accelerate new housing supply. It currently does this through the Affordable Housing Bond Aggregator (AHBA) and National Housing Infrastructure Facility (NHIF). Following the recent passage of the Federal Government’s Housing Legislative Package, Housing Australia will take on additional responsibilities to support delivery of more social and affordable homes for Australians in need, under the new Housing Australia Future Fund. In addition, it will assist in delivering more affordable homes under the National Housing Accord. Housing Australia also supports eligible home buyers by administering the Home Guarantee Scheme that helps them purchase a home sooner. The implementation of these housing programs is supported by Housing Australia’s research, data and analytics capability. For more information and the latest data on our achievements, visit www.housingaustralia.gov.au.