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November 7, 2016 by Kecia Rust | No Comments

This overview essay was published in the Housing Finance in Africa Yearbook 2016. Across Africa, the residential investment opportunity is increasingly driving conversations about economic growth. While the definition of who is middle class and how many such households there are continue, the fact of Africa’s rising population and rapid urbanisation is palpable in its cities where the inadequate housing conditions of the majority are obvious. For every problem, there is an opportunity for a solution, and in increasingly creative ways, this is what Africa’s housing investors are finding.   Take International Housing Solutions, a private equity investor that has mobilised investors…

October 27, 2016 by Daniel Phiri | No Comments

Like many governments in the Global South, Zambia struggles with the provision of affordable housing. The national housing deficit stands at more than 2 million units and is compounded by rapid population growth and continued rural to urban migration. Existing policies and legal corpus have been ineffective in ensuring access to land, housing finance, and security of tenure, building materials, skilled labour, infrastructure and urban services. Zambia’s existing housing stock is estimated at 2.5 million units, of which 64 percent is traditional housing, while 36 percent (or about 800 000 units) is urban housing. About 28.5 percent of the urban…

October 5, 2016 by Kecia Rust | No Comments

The Housing Programme on Africa Independent Television interviewed the Executive Director of CAHF, Kecia Rust, on financing affordable housing in Nigeria.

September 30, 2016 | No Comments

Extracted from the 2016 Housing Finance in Africa Yearbook, the 2016 regional infographics cover the Central, East, West, North and Southern regions on the African continent. They include information from CAHFs 2016 Survey about housing and housing finance such as cost to purchase and rent a low, middle and high income house per country in each region as well as lending terms. In addition, key investments per country per region. In Central Africa 42.9 percent of countries have housing policies and 57.1 percent have property and land related policies. Click on the image below to enlarge for more information. In East Africa, few households…

Crowds queuing for housing after subsidies announced in May 2013 (Source: www.angonoticias.com) Jacinto Figueiredo was aghast when he received his rent notice for last October, requiring him to start paying off more than a year of debt arrears by doubling his monthly rent. Mr. Figueiredo expressed the worry of most of the twenty thousand families now resident in the famous Kilamba New City, Africa’s largest Chinese-built housing project. “They can not make residents pay two months simultaneously! That’s too heavy for us …. we may have to take the management to court”. The Kilamba project became the show-piece of Angola’s…

July 29, 2016 | No Comments

The Finance Linked Individual Subsidy Programme (FLISP), is a South African government initiative administered by the NHFC, for households in the ‘gap’ market—those earning between R3,501-R15,000 a month. FLISP is intended to assist these households in accessing housing, through a contribution by government that ultimately reduces their monthly bond repayments. This subsidy is available for individuals who have never benefitted from a government housing subsidy scheme, are first-time home buyers, have financial dependents, among other criteria. Based on the applicant’s gross monthly income, the once-off subsidy amount can range between R10 000 and R87 000, houses acquired with the subsidy may not…

July 27, 2016 by Debra Erb | No Comments

See the original post on the Developing Smart Cities website. In my 13+ years at the Overseas Private Investment Corporation (OPIC), I have vetted hundreds of housing construction projects for possible debt financing. They cover the full range of housing sector specialities, including land development, construction (single family and high rise), mortgage finance, multifamily/rental properties, mortgage insurance, securitisation, manufactured housing systems and land title systems. Many prospective project developers come to the process unprepared despite a wide array of public information available on financing real estate projects. However, there are special factors that come into play when requesting financing from…

This is an extract from a post by Eighty20, which you can find on the Eighty20 website. To read the submission to the Western Cape Government on Tafelberg by the Centre for Affordable Housing Finance in Africa, click here . The furore over the sale of the Tafelberg site by the Western Cape Department of Public Works has highlighted key issues regarding affordable housing and integration. The debate has highlighted how poorly equipped we are at visioning a housing future outside of the relatively static parameters of our housing policy. That policy could be characterised as one that sees the state providing for…

July 22, 2016 | No Comments

Next week, governments from around the world will meet in Surabaya, Indonesia, to discuss the current draft of the New Urban Agenda – the main document that will emerge from Habitat III, to be held in Quito, Equador, in October this year.  The current version of the document, “Zero Draft Revision 18 July 2016” has evolved from a first draft prepared by UN Habitat and debated in informal consultations in New York. The revised draft will be formally discussed by governments at the Habitat III Preparatory Committee meeting in Surabaya, Indonesia next week, 25 – 27 July. If it is…

July 20, 2016 | No Comments

The Socio-Economic Rights Institute (SERI) of South Africa is launching three publications on 29 July 2016 in Johannesburg, South Africa: Johannesburg Inner City Alternative Accommodation (Community Practice Notes Series 2) Informal Settlement Relocation (Community Practice Notes Series 3) Affordable Public Rental Housing (Policy Brief) View the image below or visit the SERI website for more information.