AIMS AND OBJECTIVES

The African Union for Housing Finance (AUHF) is: -
An association of 27 mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing, in 15 countries on the continent of Africa.
The aims and objectives of the African Union for Housing Finance are, broadly: -
  • Develop the institutional capacity of its members to enable them to effectively participate in addressing housing  finance challenges on the continent
  • Through the member institutions engage with their Governments
  • Position the Union as a key point of reference in housing finance matters on the continent.
  • Secure sustainable resources to meet and implement the objectives and implement the plans of the Union
  • Develop partnerships with other appropriate regional and continental bodies on the African continent.

Given that the regulatory environments in many African countries are not appropriate for mortgage finance.  Even in those countries where the environment is conducive, mortgage financiers of service that sector of the population that can afford mortgage finance.  The African Union for Housing Finance is thus actively seeking ways to incorporate and assist, among others, informal sector lenders, such as community banks, peoples’ banks, saving associations and credit unions to participate in the housing finance market.

 

Individual housing finance institutions, as well as associations representing such institutions are eligible for membership of the African Union for Housing Finance.  It is not a condition of membership that individual housing finance institutions need to belong to an association to be members in their own right.  In Zimbabwe, we started with one membership from the Association only, but the individual members of the Association decided to take out separate memberships in order to have their own vote and to strengthen the financial position of the African Union for Housing Finance.

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