National Housing Finance Corporation (NHFC)

Background

The NHFC was established as a result of a Cabinet decision in May 1996, as envisaged in the White Paper on Housing, to search for new and better ways to mobilize finance for housing, from sources outside the state, in partnership with the broadest range of organizations.

The mission of the NHFC in terms of the Cabinet Memorandum is to ensure:

• level. Such finance would be aimed at the lowest possible income levels able to afford credit on a sustainable and commercial basis,

• purposes, in the under- and un-serviced segments of the housing market,

• the sustained and growing mobilisation of savings into the housing process,

The NHFC’s business plan revolves around creating housing opportunities for low and moderate income families through innovative housing finance solutions and partnerships. This is to be achieved through:

• funding intermediaries to promote broader access to housing. 

• building adequate and sustainable capacity within organizations which it funds

• partnering organizations to pioneer new finance and housing delivery.