Community Housing Innovation Fund (CHIF)
The Community Housing Innovation Fund (CHIF) is a $150 million program delivering more social and affordable housing in collaboration with Community Housing Providers (CHPs) across NSW.
CHIF Round 1
CHIF Round One closed in April 2021 and allocated $23.1 million to seven providers to deliver eleven projects valued at approximately $60 million around the state. Their combined offering of approximately 171 dwellings comprises 108 social housing and 63 other housing types (e.g. affordable to rent, affordable to buy and transitional housing).
The CHPs offered $37.1 million of equity, debt, land and other contributions to the projects. This represents about a 62% co-contribution.
The CHIF Round 2 tender is planned to open in January-February 2023 to allocate the remaining $27 million.
CHIF Stimulus- Social Housing economic recovery package
On 16 October 2021 it was announced that $50 million would be allocated to CHIF for fourteen approved projects that will deliver more than 270 social and affordable housing properties valued at approximately $116 million. This investment to bolster housing supply is part of the NSW Government’s COVID-19 economic recovery strategy.
CHPs offered $66 million of equity, debt, land and other contributions to the projects. The locations include Caringbah, Glebe, Goulburn, Lismore, Granville, Greenacre, Liverpool, Morisset, Narromine, Port Kembla, Rouse Hill, Wollongong, Woy Woy and Wyee.
CHIF Stimulus - DFV (Domestic and Family Violence) economic recovery package
On 19 October 2021 a Domestic and Family Violence (DFV) funding package of $484.3 million was announced. Included in the package is more than $50 million to develop or acquire up to 200 dwellings for women escaping domestic and family violence. These dwellings will be delivered under the CHIF.
CHIF DFV projects are being sourced from some previously approved but unfunded projects in the CHIF tender with remaining funds to be tendered in 2023. CHIF DFV will provide long-term housing solutions for women who are escaping domestic and family violence.