Affordable Housing Finance

An aerial view of Zanzibar Island with traditional houses, buildings and city streets, Tanzania

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Affordable Housing Finance
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.
Real Estate
Business Model Description

Provide project financing for the development and purchase of residential estates and commercial buildings through affordable and flexible mortgages targeting low-income communities outside of the formal banking system. The government allocates suitable l

Expected Impact

Provide safe housing to those outside of the formal banking system, and contribute to urban planning with improved health and environment management.

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).
5% - 10% (in ROI)
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.
Long Term (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
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
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.
Industry, Innovation and Infrastructure (SDG 9)
Sector Sources
  • 1) Tanzania Invest, 2022. 2) United Republic of Tanzania, 2021. Ministry of Works and Transport Strategic Plan. 3) United Republic of Tanzania, 2003. National Construction Policy. 4) International Journal of Advance Research And Innovative Ideas In Education, October 2020. Challenges Facing Real Estate Marketing and Its Impact on Economic Development in Tanzania. 5) African Development Bank, 2021. Tanzania Economic Outlook. 6) United Republic of Tanzania, 2021. Third National Five-Year Plan (FYDP 3). 7) International Journal of Social Science Studies Vol. 6, No. 12; December 2018. 8) Centre for Affordable Housing Finance in Africa (CAHF), 2019. 9) Cyton Real Estate, 2018. Dar es Salaam Market Research Cautious Investment. 10) Kerbina Joseph Moyo, 2017. Women’s Access to Land In Tanzania. The Case of the Makete District. Royal Institute of Technology (KTH) Stockholm. 11) University of Birmingham, 2018. Barriers to women’s economic inclusion in Tanzania.
IOA Sources
  • 12) Tanzania Invest, 2022. 13) The World Bank, 2020. Making Housing Affordable and Accessible with Market-based Solutions: Innovative Financing to Address Housing in Tanzania. 14) Ministry of Lands, Housing and Human Settlements Development, 2015. The Present Housing Challenge in Tanzania and Efforts Towards Provision of Affordable Housing. 15) Knight Frank, 2020. Tanzania Market Update. 16) Global Property Guide, Tanzania, 2005. 17) Centre for Affordable Housing in Africa, 2020. Affordable Housing in Tanzania, market Shaping Indicators. 18) Landresa, 2014. Women’s Land Rights Guide for Tanzania. 19) Fordham International Law Journal, 2011. A Home in the City: Women’s Struggle to Secure Adequate Housing in Urban Tanzania. 20) UN Habitat, 2009. National Urban Profile Tanzania. 21) United Republic of Tanzania, 2000. National Human Settlement Development Policy. 22) United Republic of Tanzania, 1997. National Land Policy. 23) United Republic of Tanzania, 2016. The National Land Policy. 24) United Republic of Tanzania, 2004. Investment Promotion Act No. 6. 25) United Republic of Tanzania, 1998. Land Act. 26) United Republic of Tanzania, 2007.Urban Planning Act. 27) PricewaterhouseCoopers, Tanzania, 2022. Tax Credits and Incentives. 29), 2022. 30) Economic and Social Research Foundation, 2013. Policy Brief No. 4/2013. Challenges Facing Land Ownership in Rural Tanzania. 31) The Journal of Urbanism, No 26 Vol 1/2013. The Power of Informal Settlements, The Case of Dar es salaam, Tanzania. 32) The United Nations University World Institute for Development Economics Research (UNU-WIDER), 2017. Working Paper 2017/168, The effects of land Titling in Tanzania. 33) SDG Tracking Platform, 2022. 34) Research Gate, 2010. Access to Housing Finance by the Urban Poor: The Case of WAT-SACCOS in Dar es Salaam, Tanzania. 35) Housing Finance Africa, 2022. 36) World Health Organisation/United Nations Children Educational Fund, 2021. Joint Monitoring Programme (JMP) for Water Supply, Sanitation and Hygiene, Tanzania Database. 37) Africa Housing Finance Yearbook, 2020. 38) Mkango, Adella, 2014. Overview of Housing Finance for Low Income Group In Tanzania A Case Of Dar Es Salaam City. 39) Tanzania Mortgage Refinance Company, 2002. Tanzania Mortgage Market Update. 40) Housing Development Financing Corporation (HDFC), 2018. Why Tanzania Mortgage Market Uptake Still Low. 41) FINMARK Trust 2010. Access to Housing Finance in Africa, Exploring the Issues, Tanzania. 42) United Republic of Tanzania, 2003. National Construction Policy. 43) United Republic of Tanzania, 2008. Mortgage Financing Act.