NHFIC
  • What we do
    • Affordable Housing Bond Aggregator
      • Eligibility
      • Application process
      • Capacity Building Program grants
    • National Housing Infrastructure Facility
      • Eligibility
      • Application process
      • Capacity Building Program grants
    • Support to buy a home
      • First Home Guarantee
      • New Home Guarantee
      • Family Home Guarantee
      • Home Guarantee Scheme comparison table
      • Frequently Asked Questions
      • RFP for major lender panel 2022
    • Housing Research
  • Investor relations
    • Bonds
    • Sustainability Bond framework
  • Media & resources
    • Media releases
    • Case studies
      • Affordable Housing Bond Aggregator
      • First home buyers
    • Our stakeholders
  • About us
    • Our organisation
      • Our structure
      • Our Board
      • Our Leadership team
      • Our values and culture
    • Our governance
      • Policies and registers
      • Risk management
      • Committees and Charters
    • Reports and publications
    • Working with us
  • Contact us
t l
  • Media & resources
    • Media releases
      • Government announcement on liability cap 16 December 2021
      • New partnership to explore Build-to-Rent-to-Buy solutions for at-risk and vulnerable women
      • NHFIC commences FHLDS RFP for new non-major panel lenders
      • NHFIC releases flagship State of the Nations Housing 2021–22 research report
      • Government announcement: Scheme places 28 March 2022
      • Government publication of Federal Budget 2022-23
      • New reporting standard to demonstrate community housing industry’s ESG credentials
      • Five more lenders to offer Australian Government Home Guarantee Scheme from 1 July 2022
      • Australian Government Home Guarantee Scheme:  40,000 new places released on 1 July
      • NHFIC commences Major Bank Lender RFP to expand lender panel for the Home Guarantee Scheme
      • New detailed first homebuyer data insights – collaboration with CBA and NAB
    • Case studies
      • Affordable Housing Bond Aggregator
      • First home buyers
    • Our stakeholders
Share t f l &

Case Study

BLUECHP LIMITED - $70 MILLION

Wednesday 23 October 2019
Image title

NHFIC’s transformative financing has enabled BlueCHP Limited (BlueCHP) to revise its debt profile to increase the supply of social and affordable housing.

BlueCHP is a not-for-profit community housing provider (CHP) operating with a core function to source, purchase, develop and own dwellings. BlueCHP undertakes stand-alone development projects, third party CHP developments and joint ventures, delivering over 1,700 properties in the last 10 years.

The AHBA loan has enabled BlueCHP to refinance 630 social and affordable dwellings in their portfolio of properties. Such dwellings include a mixture of detached houses, attached houses and granny flats and group homes.

One of BlueCHP’s community housing projects includes Jordan Springs, a newly developed precinct located near Penrith, Sydney and 5km from the refurbished Nepean Hospital. Jordan Springs is an example of an affordable housing property that has been integrated into an existing community without any visible differences. The loan also includes working capital to fund construction of an additional 87 single dwellings in Jordan Springs.

It is estimated that NHFIC’s low cost financing will save BlueCHP at least $1.3 million each year for 10 years which can be used for new housing projects.

“Financing made available through the NHFIC loan is worth at least $13 million in savings over the 10-year term which can be deployed into new community housing.”

Charles Northcote, BlueCHP CEO

 

Affordable housing outcomes

The purpose of the loan is to increase affordable housing supply and it will achieve this by the following outcomes:

Checkmark

Existing dwellings: Refinancing over 630 social and affordable dwellings.

Checkmark

Additional dwellings: Enable construction of 87 new single dwellings in Jordan Springs.

Checkmark

Possible outcomes from interest savings: With the potential cost savings it is anticipated that BlueCHP could develop an additional 40 dwellings (assuming $330k construction cost) over the term of the loan or fund community programs through their service providers

Logo © NHFIC 2021. All rights reserved. Privacy Policy | Terms and conditions
  • Media and resources
  • About us
  • Contact us
  • Scheme portal
  • What we do
  • Affordable Housing Bond Aggregator
  • National Housing Infrastructure Facility
  • Support to buy a home
  • Housing Research Portal
  • Legal
  • Complaints Mechanism
  • Freedom Of Information Policy
  • Information Publication Scheme
  • Fraud Control Policy