Submission to the National Housing Finance and Investment Corporation

The Property Council of Australia is pleased to provide a submission to the consultation on the establishment of the National Housing Finance and Investment Corporation as part of the Government’s 2017-2018 Housing Affordability Budget measures.

The concept of an infrastructure fund has been introduced in a number of states, which provides strong learnings when establishing a Federal Government equivalent:

  • a transparent application process - which allows project proponents or consent authorities to seek additional funding towards critical infrastructure.
  • clear eligibility criteria - which defines the scope of infrastructure to be provided, the scale of projects that can access the scheme, and outcomes to be achieved.
  • co-sponsorship – which allows project proponents and consent authorities to partner on applications to ensure there is consistency with strategic plans.
  • independent assessment – whereby the agency assessing applications publishes its reasons for project prioritisation to keep the market informed.
  • ongoing reporting – to benchmark progress on the schemes success.  

Download the submission below.