Scoping Rwanda’s Affordable Housing Sector and its Financing

This project titled Scoping Rwanda’s Affordable Housing Sector and its Financing outlines a collaborative effort between the Government of Rwanda and the World Bank known as the Rwanda Housing Financing Project, which secured a $150 million grant in 2020. The project aims to address challenges in Rwanda's housing and housing finance sector, such as the concentration of mortgage lending among higher-income individuals and the limited focus of microfinance on housing for lower-income segments. While the project targets middle-income groups, concerns are raised about its ability to cover the broader housing finance needs, especially for lower-income earners and the informal rental sector. The broader context includes Rwanda's Vision 2050, which envisions reaching high-income status by 2050, requiring significant annual growth in housing units. The project explores institutional, policy, and legislative aspects, analyses demand and supply, and examines the potential impact of finance. The ultimate goal is to develop a housing finance sector that accommodates the diverse needs and capacities of all residents in Rwanda, involving partnerships between various stakeholders. The findings of the project were presented to stakeholders and showcased at relevant conferences in 2021.

Abstract based directly on source.