The National Housing Finance and Investment Corporation (NHFIC) has appointed Nathan Dal Bon as its inaugural CEO.
Mr Dal Bon has been NHFIC’s interim CEO since September 2018.
The NHFIC chief holds over 20 years of experience in economic policy and advising across government, serving as principal adviser at the Commonwealth Treasury’s office.
Mr Dal Bon has also held roles at the Department of Industry, Innovation and Science, and the Department of Foreign Affairs and Trade.
Commenting on the appointment, NHFIC chair Brendan Crotty said: “Mr Dal Bon and the Treasury team were instrumental in setting up the NHFIC, and he is uniquely placed to guide the corporation as it delivers on the government’s objective of increasing the supply of affordable housing and reducing the cost of borrowings for the community housing providers (CHPs), with the benefit of these initiatives flowing through to low-income tenants in the form of reduced rents.”
The NHFIC was established to perform three functions:
- Operate the National Housing Infrastructure Facility, a $1 billion facility that will finance “critical housing-related infrastructure” to speed up the planning process to increase housing supply through the provision of loans and grants and investments.
- Operate an affordable housing bond aggregator, which will provide low-cost, longer-term finance to registered community housing providers. Bonds issued by the NHFIC through the bond aggregator will be government-backed by a legislative guarantee to “drive the best price outcomes for consumers”.
- Provide capacity building assistance to community housing providers (CHPs).