The National Housing Finance and Investment Corporation is now in full swing with the appointment its inaugural chief executive officer Nathan Dal Bon who was previously a key member of the Treasury team that designed the NHFIC and has been interim CEO since September.
NHFIC chairman Brendan Crotty said Mr Dal Bon was “uniquely placed to “guide the Corporation as it delivers on the government’s objective of increasing the supply of affordable housing and reducing the cost of borrowings for the Community Housing Providers, with the benefit of these initiatives flowing through to low income tenants in the form of reduced rents.”
The organisation’s key functions as affordable Housing Bond Aggregator, National Housing Infrastructure Facility and as responsible for building capacity assistance for Community Housing Providers (CHPs) is expected to assist the sector, a statement from NHFIC said.
“The growth of registered CHPs will be assisted by cheaper and longer tenor finance, the statement said.
“The $1 billion National Housing Infrastructure Facility will finance housing-related infrastructure – such as roads, water and sewerage, electricity and gas – to accelerate the provision of new housing across Australia.
“The NHFIC can also fund capacity-building services for CHPs, in particular assisting CHPs to develop their financial and management capability.”
Mr Dal Bon’s previous roles included senior executive positions in the Commonwealth Treasury, the Department of Industry, Innovation and Science, and the Department of Foreign Affairs and Trade. He has a masters degree from Harvard and a degree from the University of Newcastle.