28DEligibility for loans and grants

28D Eligibility for loans and grants

Housing Australia must not make a loan or grant under the HAFFF through which a project may be financed unless it is satisfied of all of the following matters: (a) the project is a HAFFF project within the meaning of section 28E; (b) the project proponent is eligible under section 28F; (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 28H provides that a project may be financed under the HAFFF through loans and grants.