Deal: HousingFirst has been advised on a funding agreement by the National Housing Finance and Investment Corporation (NHFIC) through its National Housing Infrastructure Facility (NHIF) to deliver affordable housing in the state of Victoria.

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.

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“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.”