NHFIC Chair Announcement

PowerHousing Australia today welcomed the appointment of the inaugural National Housing Finance and Investment Corporation (NHFIC) Chair, Brendan Crotty.

Nicholas Proud, CEO of PowerHousing Australia, which represents 31 of Australia’s largest Tier One Community Housing Providers, said “the appointment of Brendan Crotty is a significant step in the delivery of the package of housing affordability measures announced in last year’s Budget.

“Our members are committed to continuing their work to deliver social and affordable housing for Australians and these measures will significantly boost our capacity to do this.

“The NHFIC legislation is expected to pass the Senate in the coming fortnight sitting to meet the scheduled commencement date of 1 July. This caps 12 months of solid work to develop NHFIC and its two main programs – the Affordable Housing Bond Aggregator and the $1 billion National Housing Infrastructure Facility.

“Our members are standing ready to work with Brendan Crotty and the full independent board of the NHFIC as it is announced and becomes operational.

“In addition to commending the appointment of Mr Crotty, we acknowledge the significant work undertaken by the Senate Economics Legislation Committee to review the NHFIC legislation, which in handing down its final report noted the overarching support from across the CHP, construction and development industries for these measures.

“With the development of this significant component of the machinery of affordable housing, there will be a staged approach to ensure that Community Housing Providers are able to go about delivering thousands of new properties and more feasible management of existing ones to the benefit of all Australians,” said Mr Proud.

For further media queries contact:

Nicholas Proud CEO, PowerHousing Australia, 0408 538 126.