Affordable Housing Bond Aggregator (AHBA) loans
Transformative finance for community housing providers.
The Affordable Housing Bond Aggregator (AHBA) provides low cost, long-term loans to registered community housing providers (CHPs) to support the provision of more social and affordable housing.
NHFIC funds AHBA loans by issuing its own bonds into the wholesale capital market. The Australian Government has also provided a $1 billion line of credit facility through which NHFIC may advance initial loans to CHPs prior to issuing bonds.
The AHBA broadly uses a ‘pass-through’ model to provide greater funding certainty and lower finance costs to CHPs. This assists them to expand their operations and the supply of social and affordable housing.
What can AHBA be used for?
- Acquiring new housing stock
- Constructing new housing stock
- Maintaining existing housing stock
- Assisting with working capital requirements and/or general corporate requirements
- Refinancing existing debts
Mixed tenure developments may also be considered subject to lending criteria.
Who is eligible
To apply for an AHBA loan, applicants must:
- be a Community Housing Provider (CHP) registered under a law of, or under a scheme administered by, a State or a Territory
- have an Australian Business Number (ABN)
- have an Australian bank account
- legally constituted and do you exist at the date of lodging this form
If you meet the above criteria, please submit an EOI form.
To find out how to register as a CHP please visit NRSCH website.
How to apply
How our application process works:
- Submit an EOI via the NHFIC website
NHFIC Origination team will contact you to discuss your EOI
Submit an application and supporting documentation
NHFIC assesses the application
NHFIC notifies you of the outcome in writing
What documents are needed to support an application?
Documents you will need to accompany an AHBA loan application include but are not limited to:
- CHP registration and compliance
- evidence the loan supports affordable housing outcomes
- demonstrated financial viability
- details of assets offered as security
- details of any private sector finance
- details of any government assistance or support.
Need more information?
If you are interested in applying for an AHBA loan, we encourage you to first read the AHBA guidelines to find out more about the application process, terms and conditions.
CHP financial model
A new financial model for community housing providers (CHPs) is now available. The CHP financial model is a Microsoft Excel based tool designed to accommodate common activities undertaken by the CHP sector, providing a uniform framework that can be used by to provide historical and forecast financial information to NHFIC during the loan origination and ongoing management processes.
Ready to enquire?
Complete the Expression of Interest form.
Capacity Building Program grants
Eligible community housing providers (CHPs) can access tailored assistance from a panel of approved professional advisory service providers to help with applications for funding from either NHFIC’s Affordable Housing Bond Aggregator (AHBA) or the National Housing Infrastructure Facility (NHIF).
Key conditions are:
- Grants of up to $20,000 (GST inclusive) available to all registered CHPs (under the National Regulatory System, and the WA Regulatory Framework), or ‘Housing Providers’ (by the Victorian Housing Registrar).
- Grant referrals from NHFIC to Community Housing Industry Association (CHIA), based on CHPs providing at least an initial expression of interest for AHBA or NHIF finance. CHPs can select consultants from names on the approved Panel.
The Capacity Building Program provides consultancy services covering four key areas:
- Finance: project and business financial modelling, fundraising, financial risk analysis and key ratios
- Business planning: project and business planning, preparation of business cases, forming partnerships, monitoring results
- Property development: developing or procuring new social and affordable housing, mixed tenure, sustainable and accessible property design, urban planning, place making
- Risk management: understanding risks (business, financial, policy, governance etc.) and managing, monitoring and mitigating risk.
CHIA administers the Capacity Building Program on NHFIC’s behalf.
For more information on how to access a grant, please visit the CHIA website.
Find out more about AHBA loans
Monthly AHBA market update
A monthly update to CHPs on interest rates and funding markets relevant to the finance NHFIC can offer via the Affordable Housing Bond Aggregator.