DEFINING THE OUTLOOK OF THE Corporation
DEFINING THE OUTLOOK OF THE Corporation
HOUSING PORTFOLIO COMMITTEE PRESENTATION
13 APRIL 2005
HOUSING PORTFOLIO COMMITTEE PRESENTATION
13 APRIL 2005
Opportunitiesand ProspectsOpportunitiesand 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 ContextSummary – Market Context NHFC MandateNHFC Mandate
Job SummitJob Summit
Financial Services CharterFinancial Services Charter
Dedicated BanksDedicated Banks
Co-Operative Banks Co-Operative Banks
Retail Lenders and Social Housing InstitutionsRetail Lenders and Social Housing Institutions
Other Housing AgenciesOther Housing Agencies
Existing Laws and Regulation – PFMA vs. Banks Act; HLMDA; Existing Laws and Regulation – PFMA vs. Banks Act; HLMDA; Resbank.Resbank.
Appropriateness to achieve lending and facilitationAppropriateness to achieve lending and facilitation
Mandate (current “objects”)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”)
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.
Outlook of the Corporation…
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
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