Social bond launch to provide in excess of 300 affordable homes

26 Mar 2019

The federal government’s National Housing and Finance Investment Corporation has issued its first social bond worth $315 million, to be loaned to community housing providers to develop more social and affordable housing. Ten year loans at interest rates of less than 3% will enable community housing providers to access cheaper, long term finance to build more homes.

The bond is the largest of its kind in Australia and was oversubscribed four times, reflecting strong investor interest in this social impact investment.

The NHFIC will work closely with the CHP sector and investors to ensure it can issue future social bonds on a regular bases to finance more affordable housing in Australia.

Read the press release