our purpose and functions...

The CHFA (formerly the Residual Health Management Unit (RHMU)) is a Crown agent for the purposes of the Crown Entities Act 2004.

The health and disability system outcomes overall are for "New Zealanders to live longer, healthier and more independent lives" and that "New Zealand's economic growth is supported". CHFA aims to support these outcomes and the Ministry of Health's intermediate outcomes for a "more unified and improved health and disability system" where "people receive better health and disability services". CHFA contributes to these outcomes through the provision of a range of financial services and expert advice targeted at assisting DHBs to achieve and maintain financial sustainability.

Our responsibilities are grouped into three distinct functions.

Lending

We are the term lender to the DHB sector and provide a range of loan facilities to refinance existing private sector debt or to finance new capital investment.  We provide an independent line of advice to the Ministers’ of Health and Finance of the assessed risks to the sector’s financial sustainability.

We also have a mandate to provide financial and analytical support to DHBs to assist them achieve the Crown’s objectives for cost effectiveness and value for money.

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Property

We assist DHBs with the disposal or acquisition of property to meet future service needs.  We also offer advice to DHBs to achieve efficient use of their property estate including ownership, management, occupation and use.

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Residual services

We manage a range of residual functions on behalf of the Government.

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