In March 2019 Cbus participated in the first National Housing Financing and Investment Corporation (NHFIC) bond issue which raised $315 million to support social housing.
The bond issue was designed to bring together large amounts of capital to provide low interest, loans to not-for-profit community housing providers. Cbus provided assistance to develop this overall strategy.
This is being used to develop affordable housing and to provide services for disadvantaged households. The bonds have a Government guarantee and a AAA credit rating, the highest credit rating a bond can receive. Cbus provided extensive input and support for the development of this bond aggregator model over many years, together with other investors, government and social services. Assets like the NHFIC bond issue help diversify our portfolio and drive strong returns for our members. They also address important social issues that align with the UN SDGs.