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The Urban Developer
Housing Australia has signed a $517-million deal with the Victorian government to help provide 1370 new homes in Melbourne. The deal is part of a partnership with Community Housing (Vic) Limited (CHL), the state government and industry. It includes the issuing of a new sustainability bond for 15 years at a fixed rate that closed this week at $422 million with the total issuance over $2.6 billion.
Rated AAA and guaranteed by the government, it was almost twice oversubscribed. It will help deliver more than 650 social, 180 affordable, 470 market rate and 55 specialist disability accommodation.
The social and affordable components will target women and children at risk of homelessness and Aboriginal and Torres Straits Islander people.