While initial loans have been to larger CHOs, NHFIC wants to encourage applications from smaller and medium-sized CHOs. NHFIC has therefore funded CHIA to administer grants to eligible CHOs, for Professional Advisory Services from consultants on an approved Panel that will help with NHFIC loan applications.
Key conditions for the grants are:
- Grants of up to $20,000 (GST inclusive) available to CHOs registered as Tier 2 and 3 (under the National Regulatory System, and the WA Regulatory Framework), and ‘Housing Providers’ (by the Victorian Housing Registrar).
- Grant referrals to CHIA from NHFIC, based on CHOs providing at least an initial expression of interest for AHBA or NHIF finance. CHOs can select consultants from names on the approved Panel.
- Grants should be targeted at assisting CHOs in applying for AHBA or NHIF finance, with a focus on providing Professional Advisory Services in the following area: finance, business planning, property development and risk management.
The terms and composition of the Panel will be finalised after interactive workshops open to CHOs and consultants, to allow sector feedback.