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IFC’s approach to Housing Finance in Africa is to engage at market level through various initiatives including:
- Supporting Mortgage Refinancing Companies (MRCs) as vehicles for capital markets refinancing while having a channel to policy makers to fast-track reforms, the banking sector, and housing developers. Given the high interest rates prevailing in most emerging countries, MRCs enable primary mortgage lenders to access long-term funding thereby increasing housing affordability by lengthening maturities.
- Developing Rent-to-Own models to scale up affordable housing.
- Promoting initiatives to tackle the supply issue and deliver cheaper affordable homes including green certified residential buildings.
