CEO of the Urban Taskforce, Tom Forrest, said today that the announcement by Housing Australia regarding a new Interest Rate Risk Management “product” is a strong show of support for social and affordable housing supply.
The new Interest Rate Risk Management product, introduced by HA, will support Community Housing Providers with HAFF Round 3 projects.
This effectively sees the Australian Government underwriting the risk of interest rates rising in between the application stage and the completion of construction. This, in turn, provides certainty which is critical to investment from private sector partners.
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