Shelter Afrique plays a pivotal role in the Nigerian mortgage and housing sector, serving as a key player in addressing the country’s housing deficit and facilitating the development of affordable housing. Shelter Afrique, a pan-African housing finance institution, focuses on providing financial, technical, and policy support to enhance housing delivery in Africa, with a significant presence and impact in Nigeria.

Major Role in Nigeria’s Mortgage and Housing Sector

Financing Affordable Housing Projects:

Shelter Afrique is committed to addressing the housing shortage in Nigeria by financing large-scale housing projects. The organization provides long-term loans to real estate developers and housing cooperatives, enabling the construction of affordable housing units across the country. These financing efforts are crucial in bridging the gap between housing demand and supply, particularly for low- and middle-income earners who are most affected by the housing deficit.

Promoting Public-Private Partnerships (PPPs):

Shelter Afrique has been instrumental in fostering collaborations between the public and private sectors to enhance housing delivery in Nigeria. By working closely with government agencies, local banks, and private developers, Shelter Afrique facilitates the mobilization of resources and expertise needed to develop sustainable housing solutions. These partnerships are key to overcoming the financial and operational challenges that often hinder large-scale housing projects in Nigeria.

Providing Technical Assistance and Capacity Building:

Beyond financing, Shelter Afrique offers technical assistance and capacity-building programs aimed at improving the capabilities of stakeholders in the housing sector. This includes training for developers on best practices in construction, project management, and housing finance. Such initiatives help to improve the quality of housing projects and ensure that they are delivered on time and within budget.

Innovative Housing Solutions:

Shelter Afrique is known for its innovative approach to housing finance. The organization has introduced various financial products tailored to the unique needs of the Nigerian market. These include lines of credit to commercial banks for on-lending to homebuyers, equity investments in housing projects, and guarantees that help reduce the risks associated with housing finance. These products are designed to make housing finance more accessible and affordable, thereby expanding homeownership opportunities for Nigerians.

Advocacy and Policy Support:

Shelter Afrique engages in advocacy efforts aimed at creating an enabling environment for housing development in Nigeria. The organization works with policymakers to promote reforms in land acquisition, housing finance, and urban planning that are essential for scaling up housing delivery. Through these efforts, Shelter Afrique contributes to shaping policies that support sustainable urban development and affordable housing.

Key Products and Services

Project Finance:

Shelter Afrique provides long-term loans for the construction of residential housing projects. These loans are typically extended to private developers, housing cooperatives, and other stakeholders involved in housing delivery.

Lines of Credit:

Shelter Afrique offers lines of credit to commercial banks and financial institutions in Nigeria. These lines of credit are used for on-lending to homebuyers, thereby facilitating access to mortgage finance.

Equity Investments:

The organization invests equity in housing projects, particularly those that promote affordable housing. This product helps to reduce the financing burden on developers and encourages the development of more affordable housing units.

Guarantees:

Shelter Afrique provides guarantees to mitigate the risks associated with housing finance. These guarantees are particularly useful in attracting private-sector investment into the housing sector.

Impact on the Nigerian Housing Sector

Shelter Afrique’s contributions to Nigeria’s housing sector are significant. By providing the necessary financial resources, technical expertise, and policy support, the organization has helped to catalyze the development of affordable housing in Nigeria. Its efforts have led to the construction of thousands of housing units across the country, making homeownership more accessible to a larger segment of the population. As Nigeria continues to grapple with a substantial housing deficit, Shelter Afrique’s role remains crucial in the ongoing efforts to improve housing delivery and achieve sustainable urban development.

CONTACT

Shelter Afrique (Abuja Head Office)
Plot 1129, Muhktar El-Yakub’s Place
Beside Metro Plaza, Central Business District
Abuja, Nigeria
​P.O. Box 20 251, Area 10, Garki, Abuja
Tel: +234 9 291 0757
Email: info@shelterafrique.org