HOUSING AUSTRALIA INVESTMENT MANDATE DIRECTION Treasury

Government considers whether any adjustments could be made to the Investment Mandate or the design of the HAFFF to balance need for greater quality housing with the ability to deliver housing efficiently and quickly. [...] The ABA makes the following comments in relation to sections of the Investment Mandate: Investment Mandate comments Miscellaneous The ABA supports expansion of the Investment Mandate to include different forms of financing to support the delivery of social and affordable housing, including expanding the Investment Mandate to provision of guarantees. [...] Consistent with our submission to the Housing Australia Legislative Package on 11 January 2023, the ABA reaffirms that the final report of the Statutory Review of NHFIC recommended the then NHFIC be given an explicit mandate to crowd in other financiers to increase the supply of housing, particularly social and affordable housing. [...] The ABA continues to encourage Housing Australia to undertake close consultation with, and work alongside, banks and the private sector to ensure it designs the scheme in a way that supports the crowding in of financiers. [...] The ABA encourages the Government to consider whether any adjustments could be made to the Investment Mandate or the design of the HAFFF to balance the need for greater quality housing with the ability to deliver housing efficiently and quickly.