What advice, if any, did the Minister of Housing receive on the expected reduction in Community Housing Provider cost of finance arising from the additional compensation payable under the Termination for Convenience clause on Build to Lease projects?

Answer

I am advised that the three Income-Related Rent Subsidy contract changes on their own, including additional compensation payable under the Termination for Convenience clause on Build to Lease projects, were designed to remove some uncertainty for financiers and improve project confidence, rather than directly improve the cost of finance. The changes were implemented alongside other interventions as a complementary package to improve finance for social housing.