. This approach is explained by the fact that tenants of collective dwellings are entitled to Commonwealth Rent Assistance (CRA) while tenants of social housing do not, allowing multi-unit housing providers to claim higher rents without reducing tenants` net income. If they have a sufficiently large asset base, local housing providers can use them to use the financing and develop their housing stock. Despite these concerns, society remains optimistic about the establishment of a sustainable, comprehensive and coordinated national agreement. For too long, state action against housing and homelessness has been ad hoc and is constantly blamed between different levels of government. It can`t go on like this. The form of this new national agreement is of the utmost importance and it is essential that we resolve the problems identified in the current bill and re-elect the legislative bases. The working group published a discussion paper calling for the submission of four possible innovative financing models, including a bond aggregator.  In essence, an affordable housing bond aggregator is « designed to aggregate and raise large amounts of capital in the bond market to provide low-interest, long-term loans to nonprofit multi-unit housing (CHPs) providers who develop housing for low-income households. »  Over a three-year-2018-19 year, the government will provide $375.3 million to provide homelessness services, supplemented by states and territories.  Starting in 2018-19, the Commonwealth will provide state and state governments with an estimated $1,536 million (exclusive to GST), with the Commonwealth`s 2019-20 financial contribution being annual and indexed.
The agreement expires on 30 June 2023 and will be replaced by the written agreement of the Commonwealth and the States for an additional period of up to five years. The coalition government is committed to continuing to work with states and territories to improve housing and homelessness outcomes. .M Perusco and G Johnson, What the Federal Budget 2017 means for housing and homelessness, ProBono Australia, 10 May 2017. While state and territory governments have similar overall goals for social housing, the focus is on an individual goal, based on historical precedents and processes of interaction with community sector providers. Residential markets also vary between jurisdictions. As a result, political reactions and related forms of support vary from one legal order to another.  The creation of the NHFIC and a bond aggregator has been welcomed by a number of housing policy experts.  As Michael Perusco and Guy Johnson see, « the benefits of this approach are twofold. First, it allows institutional investors, including pension funds, to invest heavily in social housing. Second, it provides multi-family housing providers with more favourable funding for longer periods. »  .
Social housing is affordable housing made available by the government and the community sector to help people who cannot afford or access adequate housing in the private rental market. It includes public housing, public and managed Indigenous housing (SOMIH) and collective housing. Public housing is owned and managed by government and territorial governments, while collective housing is housing that is either owned or managed by non-profit organizations in the community sector. The bill introduces a trigger for the retention of financial resources for state and territory governments that do not meet criteria defined in bulk. While we support more transparency and accountability, this punitive approach undermines a collaborative and transnational approach and risks continued funding instability and political friction. It also threatens the viability of frontline services and housing programs….