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NAB announces $2 billion commitment to affordable housing

October 7, 2019

More Australians will be able to access affordable housing following a $2 billion commitment from SVP Founding Member NAB.

NAB’s commitment addresses one of the key shifts identified in the Australian National Outlook Report, helping Australia to achieve a positive outlook vision.

The commitment will provide lending and banking services to not-for-profit community housing providers, including creating new funding models that will give them more capital to build more homes.

A cross-sector collaboration, 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.

“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,” said Mr Gall.

From a shared value perspective, NAB is creating a positive impact by leveraging the organisation’s deep understanding of the housing market and financing expertise.

Read more.