28TEligible project proponents for NHAF projects

28T Eligible project proponents for NHAF projects

(1) To be eligible for finance under the NHAF, 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 directly or indirectly improving housing outcomes for Aboriginal or Torres Strait Islander people; and (ii) is a registered charity; or (h) an entity that: (i) has the primary purpose of improving, directly or indirectly, housing outcomes for members of the Australian Defence Force; and (ii) is a registered charity; or (i) an entity that: (i) has the primary purpose of improving, directly or indirectly, housing outcomes for former members of the Australian Defence Force; and (ii) is a registered charity; and (iii) is a constitutional corporation; or (j) an entity that: (i) is a NHAF special purpose vehicle; and (ii) 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 paragraph 28V(2)(b).

(2) An entity is a NHAF special purpose vehicle if: (a) it has a purpose of undertaking projects that increase available affordable housing; and (b) at least one of its members is an entity mentioned in paragraphs (1)(a) to (i).