Social Bond Report 2024-25
Message from the Chair and CEO
We are pleased to present Housing Australia’s 2024–25 Social Bond Report. This year’s streamlined disclosure reflects investor feedback and confirms full allocation of proceeds to eligible social and afordable housing projects.
In 2024–25, Housing Australia committed $14 billion through the Housing Australia Future Fund Facility (HAFFF) and the National Housing Accord Facility (NHAF) to support 18,650 new social and affordable dwellings for priority cohorts, including women and children leaving family violence, Veterans, First Nations people and key workers.
An additional $902.6 million in Affordable Housing Bond Aggregator (AHBA) loans was approved for 25 projects, of which 22 were for AHBA financing for HAFFF and NHAF Funding Round One, supporting the delivery of 2,088 social, affordable and specialist disability accommodation dwellings. These loans are expected to generate over $100 million in interest savings for community housing providers to reinvest in housing supply.
A further 47 projects are seeking AHBA financing under HAFFF and NHAF Funding Round One, with continued demand anticipated in Round Two, supporting a strong pipeline for future bond issuance.
Since 2019, Housing Australia has issued over $2.8 billion in social and sustainability bonds. In November 2024, a $160 million bond tap to an existing issuance supported two projects: $150 million for Housing Plus to deliver housing for women and children leaving family violence and other priority cohorts in regional New South Wales, and $10 million for Advance Housing to provide homes for older people, people with disability, and vulnerable households in Western Australia.
To guide future activity, Housing Australia has developed its 2026-29 Sustainability Strategy, structured around four pillars: More Homes, Sustainable Finance, Impact and Our People. The Strategy introduces tenant satisfaction as the primary social impact metric, co-developed with the UNSW Centre for Social Impact and aligned with ICMA’s 2024 Harmonised Framework for Impact Reporting. Reporting will commence in 2025–26.
Housing Australia will continue to progress HAFFF and NHAF funding rounds, alongside AHBA applications, to support future bond issuance and increase the supply of long-term, sustainable, social and affordable housing.
We acknowledge the ongoing support of our investors and partners.
Carol Austin Chair | Scott Langford CEO |
About this report
Social Bond Report: 1 July 2024 - 30 June 2025
This report outlines Housing Australia's social and sustainable bond activities under its Sustainability Bond Framework, addressing the four core components:
- Use of proceeds
- Project evaluation and selection
- Management of proceeds
- Reporting
This report supports Housing Australia's commitments to transparency and responsible investment in social and affordable housing.
2024–25 highlights
- $902.6m in approved funding to CHPs through the AHBA, supporting 2,088 social, affordable and specialist disability accommodation housing
- 177 HAFFF and NHAF Funding Round One contracts signed supporting 13,600+ social and affordable homes
- $160m bond tap funding housing for women and children leaving family violence, older people and people with disability
- 102 HAFFF and NHAF Funding Round Two contracts signed supporting 5,000+ social homes
- $100m+ estimated interest and fee savings for CHPs, supporting the delivery of more homes.