The government will establish the National Housing Finance and Investment Corporation (NHFIC), an affordable housing bond aggregator designed to attract private and institutional investment and provider cheaper, longer-term finance to the development of affordable housing.
In the 2017 Budget, the government said that it would allocate $9.6 million for 2017-2018 to establish the NHFIC, which will begin operations from 1 July 2018. NHFIC will operate an affordable housing bond aggregator, and will administer a $1 billion National Housing Infrastructure Facility.
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