New funding agency to 'supercharge' community housing providers

Community Finance funded a Salvation Army development. (Image: Supplied)

Mon, 25 Nov 2024

A group of social-minded investors and organisations wants to supercharge the delivery of community housing by unlocking cheaper finance at scale.Community Finance, a non-profit that has issued more than $160 million of bonds to community housing providers (CHPs) since it was established in 2019, launched the new Community Housing Funding Agency (CHFA) in Wellington on Monday.Almost 22,000 households are on the waitlist for social housing in New Zealand.Community Finance chief executive James Palmer estimated it would cost more than $14 billion...

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