AHIP expands on the existing Building Financial Capacity of Housing Agencies (BFCHA) initiative, bringing the total finance available to $2.1 billion.
AHIP continues to provide finance for the development and acquisition of social housing and expands to also include projects that provide affordable housing.
This will be the first time that government low interest loans and government guarantees will be available in Victoria for affordable housing as well as social housing.
This expansion encourages the design and development of mixed-use housing projects that provide positive housing outcomes for Victorians most in need.
The expansion will also greatly enhance opportunities for institutional finance including superannuation funds and private sector partners to support mixed-tenure housing projects.
As of 30 June 2023, the success of the BFCHA initiative, now AHIP, has seen the approval of more than $510 million in loans to community housing associations and providers to support the development and acquisition of more than 3,100 new social housing dwellings.
To accommodate the extension, changes to some finance parameters have been made to allow for this wider participation and collaboration across the housing sector.
For further information, visit the Affordable Housing Investment Partnerships page on the Victorian Government website.