The National Housing Finance and Investment Corporation appoints Nathan Dal Bon as inaugural CEO
The National Housing Finance and Investment Corporation (NHFIC) board has appointed Mr Nathan Dal Bon as it's inaugural Chief Executive Officer.
Mr Dal Bon was previously a Senior Commonwealth Treasury official and he led the Treasury team working extensively on the establishment of the NHFIC.
He has been NHFIC’s interim CEO since September 2018.
Mr Dal Bon has over 20 years’ experience in economic policy and advising across Government.
He has held senior executive roles in the Commonwealth Treasury, the Department of Industry, Innovation and Science, and the Department of Foreign Affairs and Trade.
Mr Dal Bon has a Master in Public Administration from Harvard University and a Bachelor of Economics (Hons) degree from the University of Newcastle.
The NHFIC Chairman, Brendan Crotty, said “Mr Dal Bon and the Treasury team were instrumental in setting up the NHFIC and he is uniquely placed to guide the Corporation as it delivers on the Government’s objective of increasing the supply of affordable housing and reducing the cost of borrowings for the Community Housing Providers, with the benefit of these initiatives flowing through to low income tenants in the form of reduced rents.”
The NHFIC was established by the Commonwealth Government in mid-2018 and has three key functions:
1. The Affordable Housing Bond Aggregator
2. The National Housing Infrastructure Facility
3. Providing capacity building assistance to Community Housing Providers (CHPs)
The Affordable Housing Bond Aggregator will assist the growth of registered CHPs by providing cheaper and longer tenor finance.
The $1 billion National Housing Infrastructure Facility will finance housing-related infrastructure – such as roads, water and sewerage, electricity and gas – to accelerate the provision of new housing across Australia.
The NHFIC can also fund capacity-building services for CHPs, in particular assisting CHPs to develop their financial and management capability.