1 / 10

DEFINING THE OUTLOOK OF THE Corporation

DEFINING THE OUTLOOK OF THE Corporation. HOUSING PORTFOLIO COMMITTEE PRESENTATION 13 APRIL 2005. Opportunities and Prospects. To meet and satisfy the rising demand/needs for decent housing/shelters in the target sector by direct means

idola-schmidt
Download Presentation

DEFINING THE OUTLOOK OF THE Corporation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DEFINING THE OUTLOOK OF THE Corporation HOUSING PORTFOLIO COMMITTEE PRESENTATION 13 APRIL 2005

  2. Opportunitiesand Prospects • To meet and satisfy the rising demand/needs for decent housing/shelters in the target sector by direct means • To optimise government resources in leveraging housing finance; • To deepen access to finance to lower end of the market. • Additional financing capacity thru Dedicated Banks and Co-operative - partnerships? Refinancing?/ Bridging loans? ANY OPTION SELECTED WILL HAVE COST IMPLICATIONS ON GOVERNMENT.

  3. Summary – Market Context • NHFC Mandate • Job Summit • Financial Services Charter • Dedicated Banks • Co-Operative Banks • Retail Lenders and Social Housing Institutions • Other Housing Agencies • Existing Laws and Regulation – PFMA vs. Banks Act; HLMDA; Resbank. • Appropriateness to achieve lending and facilitation

  4. Mandate (current “objects”) • To support engagement of the banking sector in the target market • To undertake funding as a wholesale intermediary • To underwrite wholesale funds to retail intermediaries

  5. NHFC Mandate (current “objects”) • To undertake proactive programmes aimed at building capacity at the retail level • To identify, assess, price, monitor and manage risks associated with placements of wholesale funds with retail intermediaries.

  6. Outlook of the Corporation…

  7. Financing Direct and Indirect • Supporting integrated housing development

  8. Facilitation • Underwriting funding • Guarantees • Brokering for Issues of shares • All matters incidental • Investments • Subsidy Mobilisation • Providing liquidity support for housing and housing finance • Undertake research • Warehousing land and property for housing development

  9. Government Agent • Manage and mobilise grant funding and other special deposits • Promote and support govt. priority projects/programmes • Advice and assist with overall housing policy to promote the growth of housing and housing finance institutions

  10. Technical Assistance • For Delivery of housing and housing finance • Training to ensure sustainability of programmes and sector development • Promote, establish and support creation of technical competence and capacity in institutions e.g. • Establish technical assistance funds • Partnerships

More Related