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Funding agreement to bolster housing affordability in Victoria
Australian law firm Hall & Wilcox has advised HousingFirst on an innovative funding agreement that aims to deliver more social and affordable homes in Victoria.
Emma Musgrave
Firm: Hall & Wilcox (HousingFirst).
Value: $18 million.
Area: Finance, real estate.
Key players: The legal team advising HousingFirst was led by Hall & Wilcox partner Nick Slack and lawyer Arin Harman.
Deal significance: HousingFirst is a Victorian community housing provider. Under the agreement with NHFIC, HousingFirst can access $18 million in NHFIC loans and grants for infrastructure works.
“This is the first agreement of its kind struck under the NHIF with a Victorian community housing provider. The funding will support 316 homes across four projects in Brighton and St Kilda, accommodating people currently on the priority social housing waitlist,” a statement from Hall & Wilcox said.
Hall & Wilcox’s Mr Slack and Mr Harman advised HousingFirst on documenting all of the finance documents associated with the NHIF funding.
“We are delighted to continue to advise HousingFirst in connection with its expanding relationship with NHFIC,” Mr Slack said.
“The NHIF’s concessional loans and grant funding for new and upgraded infrastructure such as roads, water, sewerage, electrical, communications and remediation only serves to enhance the vital work that HousingFirst does across Melbourne.
“It’s particularly important to note, given that we’ve just celebrated International Women’s Day, that the projects which this round of funding will go to, accommodate mostly women over the age of 55.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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