Document ID: chunk:federal_register_of_legislation:F2024C01285:reg:28v
Version: federal_register_of_legislation:F2024C01285
Segment Type: reg
Provision Reference: reg 28V
Character Range: 69444–70766

28V  Financing mechanisms
 (1) A project may be financed under the NHAF through:
 (a) one or more loans; or
 (b) one or more grants; or
 (c) any combination of any of the above.
 (2) The loans and grants must:
 (a) unless paragraph (b) applies—be made to the project proponent; or
 (b) if the project proponent is a local governing body—be provided by way of a grant of financial assistance to a State or Territory.
Note: A term or condition for the grant of financial assistance may be that the State or Territory make a loan or grant to the local governing body.
 (3) Housing Australia may provide, but is not limited to, the following loan concessions:
 (a) longer loan tenor than offered by Commercial Financiers;
 (b) lower interest rates (including no interest) than offered by Commercial Financiers;
 (c) extended periods of capitalisation of interest beyond construction completion;
 (d) deferral of loan repayments or other types of tailored loan repayment schedules;
 (e) lower or different fee structures than those offered by Commercial Financiers.
 (4) For a project proponent other than a State or Territory, Housing Australia must obtain security for any loan, at a level that is appropriate having regard to the risk to Housing Australia and the Commonwealth.

Division 2—Criteria for financing decisions