21ACEligibility for loans and grants

21AC Eligibility for loans and grants

Housing Australia must not make a loan or grant under the NHIF through which a project may be financed unless it is satisfied of the following matters: (a) the project proponent is eligible under section 22, 22A or 22BA; (b) the project is eligible under section 23; (c) the loan or grant is covered by paragraph 8(1A)(a), (b) or (c) of the Act; (d) in the case of a loan—the risk that the loan will not be repaid does not exceed an acceptable level.

Note: Section 24 provides that a project may be financed under the NHIF through loans and grants.