Powered by MOMENTUM MEDIA
subscribe to our newsletter

New housing finance body appoints inaugural CEO

The newly established National Housing Finance and Investment Corporation has announced the appointment of its inaugural chief executive officer.

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.

Advertisement
Advertisement

The NHFIC’s latest announcement follows the board appointments of David Cant, Teresa Dyson, Adrian Harrington and Kylie Rampa, and the appointment of NHFIC  Brendan Crotty in June.

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).

[Related: Board members announced for new housing finance body]

New housing finance body appoints inaugural CEO

PROMOTED CONTENT


>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.

The NHFIC’s latest announcement follows the board appointments of David Cant, Teresa Dyson, Adrian Harrington and Kylie Rampa, and the appointment of NHFIC  Brendan Crotty in June.

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).

[Related: Board members announced for new housing finance body]

New housing finance body appoints inaugural CEO
mortgagebusiness

Latest News

The digital property settlements platform has appointed independent company directors to its board as it expects to begin trading on the ASX...

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market...

Auction volumes were lower last week amid ongoing lockdown restrictions in Melbourne and a long weekend in several states and territories, a...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.