Industry Super Funds to Invest in Social and Affordable Housing

Under the IFM plan, industry super funds would help bankroll social and affordable housing via long-term debt provided to not-for-profit housing providers, backed by Housing Australia Future Fund subsidies. Industry super funds have pledged to invest billions of dollars in social and affordable housing in a proposal that could rejuvenate federal government plans to address a critical shortage exacerbated by cost-of-living pressures.

Critically, the plan prepared by IFM Investors, a major institutional investor owned by a collective of industry super funds, relies on various reforms from state and federal authorities and calls for a doubling of Labor’s $10bn housing investment vehicle. IFM has flagged an “indicative” investment representing 0.5% of its trillion dollar-plus assets that could result in $15bn invested by 2030 to help deliver about 100,000 social and affordable homes. The IFM’s head of global external relations, David Whiteley, said super funds had been looking to invest in residential housing for decades but, until now, the economics did not stack up.“We’re just at the precipice now of being able to establish a new asset class for super funds and for super fund members,” Whiteley said. Institutional investors have traditionally shied away from social housing because the returns are usually too low to meet their financial obligations to members.Australia Future Fund (HAFF), which pays out at least $500m a year to support community housing providers with concessional loans and other sorts of payments, as a “gamechanger”. Under the IFM plan, industry super funds would help bankroll social and affordable housing via long-term debt provided to not-for-profit housing providers, backed by HAFF subsidie

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

The New Daily cuts jobs as Industry Super finalises saleSolstice Media, whose subsidiary Motion now publishes The New Daily, is in pole position to buy the publication, with a deal expected to be finalised by the end of the year.
ソース: brisbanetimes - 🏆 13. / 67 続きを読む »

Industry Super Selling Crikey as Staff Cuts ContinueIndustry Super Holdings is selling Crikey, the Australian news publication, as it prepares to finalize a deal by the end of the year. Crikey's staff has been steadily declining, with eight positions made redundant and several others leaving recently. Motion Publishing, a subsidiary of Solstice Media, is in the lead to acquire Crikey. The sale comes after Industry Super Holdings stated that the loss-making publication was struggling to remain afloat.
ソース: theage - 🏆 8. / 77 続きを読む »

Industry Super Holdings to Sell Crikey to Solstice MediaAfter struggling financially, Industry Super Holdings is selling Crikey to Solstice Media. The deal, expected to finalize by the end of the year, comes as Crikey has been shedding staff and facing challenges with advertising revenue and tech giant funding.
ソース: smh - 🏆 6. / 80 続きを読む »

CFMEU Boss Recruited to Super Fund Board, Deepening Ties Between Unions, Labor and Industry FundsPaddy Crumlin, the leader of the CFMEU, has been appointed as a director of Cbus, the building industry superannuation fund, highlighting the intricate web of connections between unions, the Labor Party, and powerful industry superannuation funds in Australia.
ソース: theage - 🏆 8. / 77 続きを読む »

Wayne Swan Apologizes For Super Fund Delays, Defends Industry Fund GovernanceCbus chair Wayne Swan apologized for delays in death and disability payments while defending the governance structure of industry funds, emphasizing their equal representation model for superior investment performance.
ソース: abcnews - 🏆 5. / 83 続きを読む »

‘Clearly an industry win’: concern over leaked classified document on NSW pokies reformGovernment urged to dismiss recommendations, including anonymous poker machines until 2028
ソース: GuardianAus - 🏆 1. / 98 続きを読む »