"Ashurst Advises on Innovative Mezzanine Financing for Affordable Housing Project in Western Australia"

"Global law firm Ashurst has advised Aberdeen Concession Infrastructure on its mezzanine financing for the affordable housing and Housing Australia Future Fund Facility (HAFFF) project in Rivervale, Western Australia. The project utilizes an innovative financing structure combining concessional and commercial debt with equity, offering a replicable model for affordable housing initiatives. Funding sources include the HAFFF initiative, a concessional loan from Housing Australia, senior debt from ANZ Bank, and mezzanine debt. The HAFFF, established in November 2023, aims to support social and affordable housing, addressing acute housing needs, including those of Indigenous communities and vulnerable groups."