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NHFIC: Social Bond Report 2021

The National Housing Finance and Investment Corporation (NHFIC) has released its Social Bond Report for 202021. NHFIC’s Social Bond Report provides insights into bond issuances, including borrower profiles and use of proceeds.

Highlights include:

  • Issuing 3 bonds – including NHFIC’s first sustainability bond and longest-tenor bond, and first floating rate note – raising a total of $805 million.
  • Supporting more than 4,900 dwellings, with around two-thirds (65 per cent) of the CHP loans funded by the three bonds underpinning new housing supply.
  • Provided 9 community housing providers with an estimated $161 million in fee and interest savings, through longer tenor and lower-interest loans.
  • Continued to attract private investment into social and affordable housing in Australia, by growing NHFIC’s investor base domestically and offshore, with 7 new offshore investors.
  • Meeting the housing needs of a range of cohorts including vulnerable women, indigenous households, and people with disabilities.

Full media release here

Social Bond Report here

Expert housing panel: Australian Institute of Superannuation Trustees conference

At the AIST (Australian Institute of Superannuation Trustees) ASI 2021 conference last week one of many discussions that took place was on a newly developed investment model in affordable housing that aims to overcome some of the traditional barriers to pension fund investing in this asset class and deliver solid returns for members.

Carrie Hamilton, Consultant, Housing Action Network, Wendy Hayhurst, CEO @ CHIA and Associate Professor Christian (Andi) Nygaard, Deputy Director, Centre for Urban Transitions, Swinburne University of Technology as an expert panel provided their insights into this topic. The recording can be heard here.

Media Release: Social and affordable rental housing: time for all levels of government to invest in this transformational social infrastructure

The Community Housing Industry Association (CHIA) applauds the 2021 Australian Infrastructure Plan’s break through call for all levels of government to invest in social and affordable rental housing. The Plan recognises that ‘well-maintained and designed social housing provides many community benefits, supporting individual and societal wellbeing and productivity, and reducing costs in health and justice services’ and recommends the design and implementation of programs to increase supply’.

“Infrastructure Australia is to be commended for the focus on social infrastructure in this plan. Too often Australian governments have viewed social and affordable rental housing investment solely as an impost and overlooked its positive impacts, not just for the individual who gets a home but for other service budgets.” said Wendy Hayhurst, CHIA’s CEO. “Only last week, for example the Australian Housing and Urban Research Institute (AHURI) published research showing that helping ex-prisoners through social housing typically cuts re-offending and saves the tax payer thousands of dollars.”

Full media release here