Advising on affordable housing finance in Mozambique
FOUNT advised the Dutch government on affordable housing financing in Mozambique. First, the workshop ‘Finance for Affordable Housing’, part of the Beira Investment Conference 2018 and organized by FOUNT, was successfully delivered. The audience included a strong representation from local banks who gained interest in the Maraza affordable housing project. Second, FOUNT engaged into discussions with Mozambican banks on providing end user financing, with specific focus on the Maraza and the Inhamizua housing project in Beira (10 houses delivered in 2018). The Dutch Embassy in Maputo played an important role in setting up a round table discussion during which conclusions were drawn on the best business model for affordable housing as well as the key conditions for attracting end user finance.
Note that the cyclone Idaï resulted in damage to the houses (mainly the roofs), with repairs being reimbursed by the project financier. After the cyclone, individual property titles for the first houses have been obtained by the property developer Casa Real, an important milestone. The impact of the cyclone has increased the need for affordable housing in Mozambique.