Affordable Housing in Urban Localities

New housing development in Swakopmund, Namibia

Photo by Tayba / Shutterstock

Affordable Housing in Urban Localities
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Infrastructure
Real Estate
Business Model Description

Develop low to middle income housing units for urban areas at scale, targeting Government employees and private sector workforce.

Expected Impact

Provide affordable housing to underserved communities in urban areas of Namibia, offering safe and conducive living environments.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) No Poverty (SDG 1)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Clean water and sanitation (SDG 6) Industry, Innovation and Infrastructure (SDG 9)
Sector Sources
  • I) Republic of Namibia, National Planning Commission, 2018, Implementation of Sustainable Development Goals, Voluntary National Review, https://sustainabledevelopment.un.org/content/documents/19880New_Version_Full_Voluntary_National_Review_2018_single_1_Report.pdf. II) Republic of Namibia, National Planning Commission, 2017, Namibia's 5th National Development Plan (NDP5), https://www.npc.gov.na/?wpfb_dl=294. III) Republic of Namibia, Office of the President, 2016, Harambee Prosperity Plan 2016/17 - 2019/20 Progress Report, Goals and Outcomes, https://op.gov.na/documents/84084/572904/HPP+Report+2019/66c2eef8-3b23-45be-bc2c-5e728699057e. IV) African Development Bank Group, 2020, Namibia: African Development Bank approves $121.7 million loan, Euro 3 million grant to support water and sanitation sector, https://www.afdb.org/en/news-and-events/press-releases/namibia-african-development-bank-approves-1217-million-loan-euro-3-million-grant-support-water-and-sanitation-sector-34727. V) Canning, David & Bennathan, Esra. 2000, The Social Rate of Return on Infrastructure Investment, The World Bank, Policy Research Working Paper Series, https://elibrary.worldbank.org/doi/abs/10.1596/1813-9450-2390. VI) Republic of Namibia, Public Private Partnership Act 4, 2017, Section 40(1), https://laws.parliament.na/cms_documents/public-private-partnership-act-4-of-2017---regulations-2018-353-c96b676b6f.pdf. VII) African Development Bank Group, 2018, 2018 African Economic Outlook, https://www.afdb.org/fileadmin/uploads/afdb/Documents/Generic-Documents/country_notes/Namibia_country_note.pdf. VIII) SDG Center for Africa and Sustainable Development Solutions Network, 2019, Africa SDG Index and Dashboards Report 2019, Kigali and New York: SDG Center for Africa and Sustainable Development Solutions Network, https://sdgcafrica.org/wp-content/uploads/2019/06/SDGS_INDEX_REPORT_2019WEB.pdf. IX) Republic of Namibia, Public Private Partnership Act 4, 2017, Section 40(1), https://laws.parliament.na/cms_documents/public-private-partnership-act-4-of-2017---regulations-2018-353-c96b676b6f.pdf. X) World Bank, 2020, Leveraging Pension Fund Investment for Domestic Development: Namibia’s Regulation 29 Approach, http://documents1.worldbank.org/curated/en/125241594367606090/pdf/Leveraging-Pension-Fund-Investment-for-Domestic-Development-Namibia-s-Regulation-29-Approach.pdf. XI) Ino Harith Capital, Our Partners, https://www.harith.co.za/our-partners-2. XII) Schwab, K, World Economic Forum, 2019, The Global Competitiveness Report 2019, http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf. XIII) Republic of Namibia. Namibian Statistics Agency, 2018, Labour Force Survey 2018 Report, https://d3rp5jatom3eyn.cloudfront.net/cms/assets/documents/NLFS_2018_Report_Final_.pdf. XIV) United Nations, 2018, Accelerating SDG 7 Achievement Policy Brief 12 Global Progress of SDG 7 - Energy and Gender, https://sustainabledevelopment.un.org/content/documents/17489PB12.pdf. XV) Republic of Namibia. Namibian Statistics Agency, 2016, Namibia Household Income and Expenditure Survey (NHIES) 2015/2016 Report, https://d3rp5jatom3eyn.cloudfront.net/cms/assets/documents/NHIES_2015-16.pdf. XVI) DNA Economics, 2021, SAM Multiplier Analysis for the SDG study in Namibia, Six Capitals.
IOA Sources
  • 1) Namibia Statistics Agency, 2017, Namibia Financial Inclusion Survey, https://nsa.org.na/microdata1/index.php/catalog/32/pdf-documentation. 2) Republic of Namibia, Ministry of Regional and Local Government, Housing and Rural Development, Namibia National Housing Policy (Reviewed), 2009, https://www.ohchr.org/Documents/Issues/Housing/sub-nationalgovernments/201114_Response_Namibia2.pdf. 3) Republic of Namibia, National Planning Commission, 2017, Namibia's 5th National Development Plan (NDP5), https://www.npc.gov.na/?wpfb_dl=294. 4) Kecia Rust. Centre for Affordable Housing Finance in Africa, Housing is central to achieving the SDGs, http://housingfinanceafrica.org/documents/housing-is-central-to-achieving-the-sdgs. 5) Beat Weber and John Mendelsohn, Research and Information Services of Namibia, Informal Settlements in Namibia: their nature and growth, Exploring ways to make Namibian urban development more socially just and inclusive, https://www.raison.com.na/sites/default/files/Informal-Settlements-in-Namibia-Book-Web.pdf. 6) Republic of Namibia, Namibia Statistics Agency, Namibia Household Income and Expenditure Survey (NHIES) 2015/2016 Report, https://nsa.org.na/microdata1/index.php/catalog/28/pdf-documentation. 7) UNDP, Subnational Human Development Index Database, Namibia, https://globaldatalab.org/shdi/shdi/NAM/?levels=1%2B4&interpolation=0&extrapolation=0&nearest_real=0. 8) Dietrich Remmert & Pauline Ndhlovu, Institute for Public Policy Research. 2018, Housing in Namibia: Rights, Challenges and Opportunities, https://ippr.org.na/wp-content/uploads/2018/03/IPPR_HousingBook_PRINT.pdf. 9) Republic of Namibia, Ministry of Finance, 2020, Long list of candidate PPP Projects. 10) Republic of Namibia, Namibia Industrial Development Agency, 2020, Long list of candidate PPP Projects. 11) Philippa Howden-Chapman, José Siri, Elinor Chisholm, Ralph Chapman, Christopher N.H. Doll and Anthony Capon, SDG 3: Ensure Healthy lives and promote well-being for all at all ages, 2017, https://council.science/wp-content/uploads/2017/03/SDGs-interactions-3-healthy-lives.pdf 12) Osona Village Development, Preferred Investment Property Fund, 2020. 13) National Housing Enterprise, Namibia, https://www.nhe.com.na. 14) Build Together Programme, Namibia, https://world-habitat.org/world-habitat-awards/winners-and-finalists/build-together-programme. 15) Namibia National Housing Policy, Windhoek, Namibia National Housing Policy, Republic of Namibia, 2017. 16) Namibia Vision 230, Republic of Namibia, 2004, https://www.npc.gov.na/vision-2030. 17) National Housing Development Act, 2000, Republic of Namibia, https://laws.parliament.na/annotated-laws-regulations/law-regulation.php?id=98. 18) National Building Regulations and Building Standards Act, 1977, Republic of Namibia, http://www.thedtic.gov.za/wp-content/uploads/building_standards_act.pdf. 19) Local Authorities Act, 1992, Republic of Namibia, https://laws.parliament.na/annotated-laws-regulations/law-regulation.php?id=178. 20) City of Windhoek, 2016, City of Windhoek Council, http://www.windhoekcc.org.na/pdf/Councillor%20Ogranogram%202016.pdf. 21) IPPR, February 2018, Housing in Namibia: Rights, Challenges and Opportunities; Research Report, Right to Housing project, https://ippr.org.na/wp-content/uploads/2018/03/IPPR_HousingBook_PRINT.pdf. 22) Namibia University of Science & Technology, Informal Settlements, 2018, https://ilmi.nust.na/sites/default/files/FACT-SHEET-6-2018-Informal-settlements.pdf. 23) News and updates on Municipal and Local Governance, Sustainable Urban Development and Decentralisation, January 2020, Informality and Climate Resilience – The Story of Onyika Settlement, Windhoek, Namibia, https://www.urbanet.info/climate-resilience-in-windhoek. 24) First Capital Treasury Solutions, 2018, Housing Funding Options for government employees low income earners. 25) First National Bank, June 2020, FNB Residential Property Report, https://www.fnbnamibia.com.na/downloads/namibia/housingIndex/HousingIndexJune2020.pdfRepublic of Namibia. 26) Old Mutual, 2021, Alternative Investments, https://www.oldmutual.com.na/old-mutual-investment-group/alternative-investments/expanded-infrastructure. 27) Ongos Valley Development Bankable Feasibility Study, 2019, Available upon request from Ongos Valley Development. 28) Namibia University of Science and Technology (NUST), 2018, Land, livelihoods and housing Programme 2015-18 Working Paper, https://ilmi.nust.na/sites/default/files/WP7-CHIRIPANHURA-Housing-in-Namibia-WEB.pdf. 29) Office of the Prime Minister of Namibia (2018) data on the breakdown of housing subsidy per income bracket for civil servants, Available on request to Monasa Advisory & Associates.