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Affordable mass housing
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.
Business Model Description
Provide affordable housing to low and medium income earners through new constructions, property acquisitions or minority equity investments in companies operating along the housing value chain.
Ensure households with limited income have access to clean and safe 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.
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 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
- 1) National Planning Commission (2015). National Integrated Infrastructure Master Plan. 2) Federal Republic of Nigeria (2017). Economic Recovery and Growth Plan 2017 - 2020. Abuja: Ministry of Budget and National Planning. 3) Centre for Affordable Housing (2019). Housing finance in Africa. http://housingfinanceafrica.org/app/uploads/2019_yearbook-20.12.2019-compressed.pdf
- 4) Nigerian Bureau of Statistics (2015). Nigerian real estate sector summary report 2010-2012. 5) Bertha Centre for Social Innovation and Entrepreneurship (2015). Investment theme: Access to housing. https://www.sbs.ox.ac.uk/sites/default/files/2019-01/Impact-theme-Acess-to-Housing.pdf 6) Securities and Exchange Commission (2019). CBN 5-year policy thrust: implications for the capital market. https://sec.gov.ng/wp-content/uploads/2019/10/OCE-Policy-Brief-07.pdf 7) Countrywide Housing Company (2021). Countywide Housing Company. http://chclimited.com/index.php 8) OECD (2019). Gender Equality and Sustainable Infrastructure. https://www.oecd.org/governance/gender-equality-and-sustainable-infrastructure-paris-march-2019.htm 9) Federal Republic of Nigeria (2017). Implementation of the SDGs: a national voluntary review. https://sustainabledevelopment.un.org/content/documents/16029Nigeria.pdf