The National Housing Finance and Investment Corporation (NHFIC) has finalised an innovative funding agreement with Victorian community housing provider HousingFirst, accelerating a program of work to deliver more affordable and social homes in Victoria, including newly built properties.

The deal will allow HousingFirst to access more than $18 million in NHFIC loans and grants for infrastructure works through NHFIC’s National Housing Infrastructure Facility (NHIF).

The infrastructure funding will support a total of 316 homes across four projects in Melbourne’s Brighton and St Kilda areas, and will accommodate people currently on the priority social housing waitlist, with the majority of homes for women over 55.
NHFIC CEO Nathan Dal Bon said the agreement was the first of its kind struck under the NHIF with a Victorian community housing provider and hastened the development of much needed affordable and social housing across Melbourne.

Full media release here