New financial model to support community housing providers now available

NHFIC is responsible for administering the Affordable Housing Bond Aggregator (AHBA), which provides low cost, long-term finance to registered community housing providers to support the provision of more affordable and social housing.

The new CHP financial model has been developed in consultation with CHPs to provide a uniform framework that can be used to deliver historical and forecast financial information to NHFIC during the loan origination and management processes. The Microsoft Excel based tool has been designed to accommodate common activities undertaken by the CHP sector and can accommodate an actual/forecast period of up to 30 years.

NHFIC Director of Credit, Rowena Johnston, says the tool has been designed with a focus on mapping and forecasting existing housing activities, and the origination and service of NHFIC financing.

“The new financial model will allow our Community Housing Organisations further visibility into their portfolios and their capacity," she said.

"Housing businesses can be separated into multiple distinct groupings, facilitating separate forecasts for properties with different characteristics such as income, expenses, state programs and control. The model will provide information relevant for our credit assessment needs, but will importantly also assist with internal forecasting for CHPs, reporting to the National Regulatory System for Community Housing Providers (NRSCH) and the ongoing requirements of NHFIC loans. 

“NHFIC are grateful to the CHP sector for their support in the development of this financial model, and we hope it proves to be a useful and welcome resource for the sector.”

The new CHP financial model can be downloaded in the AHBA section of the website.