CHIA has welcomed the appointment of the National Housing Finance and Investment Corporation (NHFIC)’s inaugural chair.

The Treasurer, Scott Morrison, announced the three-year appointment of Brendan Crotty to the Chair’s role. A director of Brickworks Limited, General Property Trust and Dennis Family Holdings Pty Ltd, Mr Crotty will formally take up the role after Parliament passes the NHFIC’s enabling legislation.

CHIA Executive Director Peta Winzar says the appointment is an important step, with the community housing industry keen to see the NHFIC begin providing an affordable housing bond aggregator that will enable it to access cheaper and longer-term finance.

The NHFIC will also administer the $1 billion National Housing Infrastructure Facility which will invest in critical infrastructure with the aim of unlocking new housing supply.

Ms Winzar says she looks forward to further announcements on other NHFIC Board positions.