28REligibility for loans and grants

28R Eligibility for loans and grants

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