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An injection of upfront capital funding is one of the most effective ways to create social housing supply. Despite availability of low cost credit through commercial lenders and the Commonwealth’s National Housing Finance and Investment Corporation (NHFIC), a grant or subsidy may still be required to make social housing projects viable. Research conducted by AHURI on funding models concluded that upfront capital funding delivered the lowest cost to government over the long term. Modelling of investment scenarios demonstrates that capital grants combined with efficient financing is the most cost effective pathway for government.
The CHIF was designed on the premise that there are many smaller and regional CHPs who have accumulated surpluses, land or capacity to borrow that can be unlocked through grants.
20 Dec 2022
We acknowledge Aboriginal people as the First Nations Peoples of NSW and pay our respects to Elders past, present, and future.
Informed by lessons of the past, Department of Communities and Justice is improving how we work with Aboriginal people and communities. We listen and learn from the knowledge, strength and resilience of Stolen Generations Survivors, Aboriginal Elders and Aboriginal communities.
You can access our apology to the Stolen Generations.