More Australians will be able to access affordable housing following a $2 billion commitment from NAB which will see more homes being built across the nation.
NAB Chief Customer Officer Corporate & Institutional Banking David Gall said NAB was proud to join forces with the not-for-profit sector to support the thousands of Australians not able to access appropriate housing in the mainstream market.
“Currently, there is a lack of long-term funding options for specialist housing providers which is contributing to a shortage of appropriate accommodation and shelter for Australians in need,” Mr Gall said.
“This is a significant social issue – and we’re determined to help by funding more affordable and specialist homes and improving the capacity and financial maturity of the sector so that it can attract more investment.”
Mr Gall said NAB will focus on providing loans and developing new financing avenues for not-forprofit groups and other organisations that build affordable and specialist housing, including crisis accommodation, community housing, disability housing, build-to-rent properties and sustainable developments.
“We don’t have all the answers, but we have deep understanding of the housing market, financing expertise and the right relationships to have a positive impact. We are up for the challenge,” Mr Gall said.
NAB already supports many organisations in the affordable and social housing sector, including Launch Housing, an independent community…