The Senate has passed the legislation that will move the First Home Loan Deposit Scheme closer to becoming a reality. The passage of the bill, originally introduced one month ago, means the National Housing Finance and Investment Corporation (NHFIC) will be able to offer the deposit guarantees underpinning the scheme. Further, the legislation establishes a new housing research function within NHFIC, supported by $25min funding, to investigate housing demand, supply and affordability.
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