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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
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DEFINING THE OUTLOOK OF THE Corporation HOUSING PORTFOLIO COMMITTEE PRESENTATION 13 APRIL 2005
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.
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
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
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.
Financing Direct and Indirect • Supporting integrated housing development
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
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
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