22BAEligible project proponents for crisis and transitional housing projects

22BA Eligible project proponents for crisis and transitional housing projects

(1) To be eligible for finance under the NHIF for a social or affordable housing project that is 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) an entity that: (i) is a registered community housing provider; and (ii) is a registered charity; and (iii) is a constitutional corporation; or (g) an entity that: (i) has the primary purpose of improving, directly or indirectly, housing outcomes for Aboriginal or Torres Strait Islander people; and (ii) is a registered charity; or (h) a crisis and transitional 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 crisis and transitional housing special purpose vehicle if: (a) it has a purpose of undertaking crisis and transitional housing projects; and (b) at least one of its members is an entity mentioned in paragraphs (1)(a) to (g).