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Housing Australia Investment Mandate Direction 2018
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In force
Administered by
Department of the Treasury
This item is authorised by the following title:
Housing Australia Act 2018
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F2024C01257 (C14)
03 December 2024
-
19 December 2024
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Part 1—Preliminary
1 Name
3 Authority
4 Definitions
4A Meaning of capital city, regional centre and regional area
4B Meaning of index number
5 Purpose of this Direction
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Part 2—Activities and allocation of funds
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Division 1—Activities
6 Establishment and operation of Affordable Housing Bond Aggregator
7 Establishment and operation of National Housing Infrastructure Facility
7A Establishment and operation of Housing Australia Future Fund Facility
7B Establishment and operation of the National Housing Accord Facility
8 Support for capacity building
8A Establishment and operation of Home Guarantee Scheme
9 No further activities
10 Application of commercial discipline
10A Minimum number of dwellings to be made available
Division 2—Allocation and repayment of funds—AHBA
11 AHBA reserve
12 Payment of AHBA dividends
Division 3—Allocation and maintenance of funds—NHIF and capacity building
13 Establishment of Permanent Fund
14 Minimum target value of Permanent Fund
15 Limit on grants, capacity building contracts and crisis and transitional housing projects
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Part 3—Affordable housing bond aggregator
15A Simplified outline of this Part
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Division 1—Financing mechanisms and eligibility
15B Applications for loans
16 Eligibility for loans
17 Financing mechanism
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Division 2—Criteria for lending
18 Purpose of the AHBA
19 Matters to be considered when making lending decisions
20 Benchmark return
21 Risk level
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Part 4—National Housing Infrastructure Facility
21AA Simplified outline of this Part
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Division 1—Financing mechanisms and eligibility
21AB Applications for finance under the NHIF
21AC Eligibility for loans and grants
21A Meaning of housing-enabling infrastructure projects, social or affordable housing projects and crisis and transitional housing projects
22 Eligible project proponents for housing-enabling infrastructure projects
22A Eligible project proponents for social or affordable housing projects (other than crisis and transitional housing projects)
22BA Eligible project proponents for crisis and transitional housing projects
22B Identifying eligible project proponents
23 Eligible projects
24 Financing mechanisms
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Division 2—Criteria for financing decisions
25 Matters to be considered when making financing decisions
26 Matters to be considered when determining concessions
27 Benchmark rate of return
28 Risk level
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Division 3—General matters
28A Quarterly reporting to Minister in relation to NHIF
28AB Crisis and transitional housing projects—initial apportionment of funding
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Part 4A—Housing Australia Future Fund Facility
28B Simplified outline of this Part
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Division 1—Financing mechanisms and eligibility
28C Applications for finance under the HAFFF
28D Eligibility for loans and grants
28E HAFFF projects
28F Eligible project proponents for HAFFF projects
28G Identifying eligible project proponents
28H Financing mechanisms
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Division 2—Criteria for financing decisions
28J Matters to be considered when making financing decisions
28K Matters to be considered when determining concessions
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Division 3—General matters
28L Quarterly reporting to Minister in relation to the HAFFF
28M Liabilities under the HAFFF to be disregarded
28N Limits on making loans and grants for the purposes of this Part
28NA Indexing relevant amounts
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Part 4B—National Housing Accord Facility
28P Simplified outline of this Part
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Division 1—Financing mechanisms and eligibility
28Q Applications for finance under the NHAF
28R Eligibility for loans and grants
28S NHAF projects
28T Eligible project proponents for NHAF projects
28U Identifying eligible project proponents
28V Financing mechanisms
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Division 2—Criteria for financing decisions
28W Matters to be considered when making financing decisions
28X Matters to be considered when determining concessions
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Division 3—General matters
28Y Quarterly reporting to Minister in relation to the NHAF
28Z Liabilities under the NHAF to be disregarded
28ZA Limit on making loans and grants for the purposes of this Part
28ZAA Indexing relevant amounts
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Part 5—Capacity building assistance
28ZB Simplified outline of this Part
28ZC Applications for capacity building assistance
28ZD Eligibility for capacity building assistance
28ZE Matters to be considered when making capacity building decisions
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Part 5A—Home Guarantee Scheme
28ZF Simplified outline of this Part
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Division 1—Eligibility
29 Application for guarantees
29A Eligibility for guarantees
29B Eligible lender
29C Eligible loan
29D Eligible home buyer, eligible single parent and eligible single legal guardian
29E Income test
29F Price cap
29G Housing Australia may rely on information
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Division 2—Requirements for guarantees
29H Form of guarantee
29I First home guarantees
29IA New Home Guarantees
29IB Family Home Guarantees
29IBA Regional First Home Buyer Guarantees
29IC Interaction between sections 29I, 29IA, 29IB and 29IBA
29J Housing Australia must not charge fees
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Division 3—Other matters
29JA Scheme Rules
29K Principles for the operation of the Home Guarantee Scheme
29L Reporting
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Part 6—General governance matters
30 Reasons for decisions
31 Good corporate citizenship
32 Transparency of operations
33 Reputation
34 Approval needed if liabilities to exceed $10 billion
35 Restriction on issuing bonds in offshore markets
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Part 7—Application, savings and transitional provisions
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Division 1—Amendments made by the National Housing Finance and Investment Corporation Investment Mandate Amendment (Home Guarantee Scheme) Direction 2022
36 Application of amendments
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Division 2—Amendments made by the National Housing Finance and Investment Corporation Investment Mandate Amendment (Review Measures) Direction 2022
37 Application of paragraph 29L(1)(ca)
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Division 3—Amendments made by the National Housing Finance and Investment Corporation Investment Mandate Amendment (Price Cap Update) Direction 2022
38 Application of subsection 29F(1)
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Division 4—Amendments made by the National Housing Finance and Investment Corporation Investment Mandate Amendment (Social and Affordable Housing) Direction 2022
39 Application of amendments
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Division 5—Amendments made by the National Housing Finance and Investment Corporation Investment Mandate Amendment (Enhancing the Home Guarantee Scheme) Direction 2023
40 Application of amendments
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Division 6—Amendments made by the Housing Australia Investment Mandate Amendment (Social Housing, Affordable Housing and Acute Housing Needs) Direction 2023
41 Application of amendments
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Division 7—Amendments made by the Housing Australia Investment Mandate Amendment (2024 Measures No. 2) Direction 2024
42 Application of amendments
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history