Housing Australia Investment Mandate Direction 2018
22AEligible project proponents for social or affordable housing projects (other than crisis and transitional housing projects)
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22A Eligible project proponents for social or affordable housing projects (other than crisis and transitional housing projects)
(1) To be eligible for finance under the NHIF for a social or affordable housing project (other than a crisis and transitional housing project), the project proponent must be: (a) a State or Territory; or (b) a local governing body; or (c) a local government-owned corporation (other than a utility provider) that is a constitutional corporation; or (d) a State government-owned corporation (other than a utility provider) that is a constitutional corporation; or (e) a Territory government-owned corporation (other than a utility provider) that is a constitutional corporation; or (f) a registered community housing provider that is a constitutional corporation; or (g) a social or affordable housing special purpose vehicle that is a constitutional corporation.
Note: If the project proponent is a local governing body, the project may be financed only through a grant of financial assistance to a State or Territory: see subsection 24(6).
(2) An entity is a social or affordable housing special purpose vehicle if: (a) it has a purpose of undertaking social or affordable housing projects (other than crisis and transitional housing projects); and (b) at least one of its members is an entity mentioned in paragraphs (1)(a) to (f).