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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

CHIA: Sector rejects Mr Falinski’s uninformed and prejudiced comments about social and affordable housing

A coalition of affordable housing advocacy peak bodies has rejected the comments made by Jason Falinski MP, chair of the Standing Committee on Tax and Revenue’s Inquiry into housing affordability and supply in Australia, labelling them as uninformed and prejudiced. CHIA, Homelessness Australia, and National Shelter, object in the strongest terms to Mr Falinski’s misrepresentation of the sector and disregard for the important contribution that affordable housing makes to the wellbeing of Australians in housing need.

Mr Falinski’s statements at UDIA’s National TV event on 9 September denigrating social and affordable housing come in the same week that the Women’s Safety Summit issued a statement recognising that ‘Affordable, accessible long-term housing…… is fundamental to the safety and recovery of victim-survivors and must be a priority.’

Full release 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.

Statement on Housing for Women’s Safety: Social housing cannot be overlooked during women’s safety summit

CHIA is pleased to be one of the 240+ signatories to the Statement on Housing for Women’s Safety, organised through Everybody’s Home. These organisations are concerned “about the continuing toll of violence against women, and lack of Government action to provide safe homes, so women and children can escape violence and rebuild their lives. Failing to include housing for women’s safety on the Agenda at the National Summit on Women’s Safety highlights the lack of focus on this critical issue. You simply can’t talk about women’s safety without talking about safe and affordable homes.

For the full statement please click 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

Link and Wentworth merger given the green light

Two of Australia’s leading Tier 1 community housing providers, Link Housing and Wentworth Community Housing, have announced they are joining forces. The two organisations have signed a merger agreement with the intention to formally become Link Wentworth Housing Ltd (Link Wentworth), on 31 March 2021.

Government endorsement was recently received and member approvals finalised at Link Housing’s Annual General Meeting on November 26, 2020, giving the merger the green light. The Board has appointed former Housing NSW CEO, Mike Allen, as Chair-elect, with Link Housing CEO, Andrew McAnulty announced as CEO-elect.

The merger of these two major Tier 1 community housing providers means Link Wentworth will be one of the largest community housing providers in New South Wales, able to leverage its scale to enable greater provision of social and affordable housing to those most in need.

For the full media release click here

Federal Budget  –  a missed opportunity to meet social housing need while growing Australia’s economy and saving construction jobs

The Community Housing Industry Association (CHIA) is disappointed that the 2020 Federal budget contains no plans to kick start the recovery through investing in social housing. “The Master Builders construction forecasts have pointed to a 27% fall in home building, with massive implications for employment in an industry that supplies over 9% of Australia’s jobs” said Wendy Hayhurst, CHIA’s CEO. “While the budget has some measures to support home builders, these are unlikely to be anywhere near sufficient to compensate for the drop in demand caused by zero migration and high rates of financial stress.

“While CHIA welcomes the $1 billion extension of the Commonwealth Government guarantee supporting the National Housing Finance and Investment Corporation’s (NHFIC) lending but this on its own is insufficient to drive substantial new social and affordable housing construction.

For the full media release click here

CHIA: Housing survey says at least 12 500 shovel ready homes ready to go

Australia could start beating the recession immediately by investing in social housing construction, with more than 12,500 new affordable homes ready to be built across the country if a Federal stimulus package included in the October 6 budget, new data released today reveals.

The survey by the Community Housing Industry Association (CHIA) shows not for profit housing providers have shovel ready projects that would deliver 12,500 new homes and almost 7000 jobs within the next five years.
More 6,000 new homes could begin construction within the next 6 months if they are supported by Federal Government investment.

Full media release here

Survey here

CHIA joins the call for a smart housing installation boom (National Low Income Energy Productivity Program)

Over 50 social, property, business, environment, local councils and research groups have banded together to call on Federal and State Governments to stimulate the economy with an energy efficient and solar, low-income housing installation boom.

Doing so would create tens of thousands of shovel ready jobs, cut energy bills for people on low incomes who will spend back into the economy, and reduce carbon emissions.

The call comes after the Federal Government’s Housing stimulus proposal failed to include measures for people most in need, instead focusing on high income earners undertaking expensive renovation without any related social or environmental benefits.

For the full media release, click here

For the The National Low Income Energy Productivity Program (NLEPP) proposal, click here

MEDIA RELEASE: Building the Recovery

Building the Recovery: investment in social housing will create thousands of jobs and improve social outcomes

New modelling released today by the Community Housing Industry Association (CHIA) and National Shelter demonstrates how investing in a four-year social house building program of 30,000 homes will create on average up to 18,000 full-time equivalent jobs each year.

Wendy Hayhurst, CEO at CHIA said, “The Social Housing Acceleration and Renovation Program (SHARP) will not just deliver great quality homes to those in need but also secure great jobs for thousands of Australians. SHARP’s main benefit will fall where the job losses have been greatest in Sydney and Melbourne but will also create jobs all over Australia in regions and towns.

“With the period 2021-22 earmarked as an anticipated economic weak point, SHARP will create up to 24,500 jobs both on-site and in the wider building services industry. The Federal Government has stated that we have to maintain a laser-like focus on jobs to get Australia moving and this new modelling shows that SHARP does just that,” says Ms Hayhurst.

To read the full media release click here

For the full report click here

Update 13/05/2020

 

  • Treasurer Frydenberg has tested negative for Covid-19. (He was tested after coughing fit in Parliament yesterday)
  • Fears of trade war with China, after they banned meat imports from four Australian abattoirs. (SMH)
    • Trade Minister Birmingham seeking urgent talks with Chinese counterpart.
    • Dairy and wine industries worried that they might be next in line.
  • Senate Select Committee on Covid-19 sits today (9am). Witnesses: Dept of Health, PM&C, NCCC, NIAA.
  • Attorney General Porter has signalled Govt may limit enterprise agreement variations to twelve months. (AFR)
    • follows One Nation suggestion (and Porter needs their vote in Senate on potential disallowance motion).
  • Fair Work Commission chief Iain Rodd says that minimum wage panel is obliged to go ahead with decision by June 30. (AFR)
    • ACCI has called for the govt to give the FWC discretion to delay in extraordinary circumstances.
  • Increased pressure for JobKeeper scheme changes:
    • Coalition MPs Warren Entsch and Craig Kelly have called for JobKeeper to be extended in some circumstances. (Australian)
    • Jason Falinski MP pressing to phase it out when schools return. (Australian)
    • Labor will seek to extend JobKeeper to university workers and entities owned by foreign governments through a disallowance motion. (Guardian)
  • Health Minister Hunt will elevate importance of mental health issues with creation of new position of Deputy CMO for Mental Health. (Australian)

Joint letter to Prime Minister & NSW Premier

CHIA participated with the following organisations to write to the Prime Minister and NSW Premier in support of a number of essential initiatives aimed at boosting social and affordable housing in the post Covid-19 recovery phase.

These organisations include: Australian Institute of Architects, the Centre for Social Impact, the Community Housing Industry Association, the Community Housing Industry Association NSW, the Constellation Project, Homelessness NSW, National Shelter, the Planning Institute of Australia, Shelter NSW, the UNSW City Futures Research Centre and the Women’s Community Shelters.

The full letter can be viewed here.