The National Housing Finance and Investment Corporation (NHFIC) has announced it has issued its first construction loan to BlueCHP. BlueCHP will borrow $45.7 million for the construction of at least 93 new dwellings in affordable housing projects at Lane Cove and Liverpool, on sites being acquired under the NSW Government’s Communities Plus program. The construction loan will be for a period of two years at an interest rate of less than 4%, which BlueCHP expects will generate savings of more than $600,000 each year.