Overview
Overview
The National Homeownership Fund Limited (NHF) is a state-owned company with the mandate to address challenges of homeownership in Ghana by creating a framework that encourages the participation of the private sector in the homeownership market.
NHF focuses on increasing access to affordable housing through innovative financing options, particularly targeting first-time homebuyers.
The Fund partners financial institutions to support the development of mortgage refinancing schemes and facilitate the use of innovative products to support homeownership in Ghana.
NHF’s strategy addresses both the demand and supply of affordable housing. On the demand side, the company partners labor unions to develop and update a national database of prospective homeowners.
It also works with financial institutions to develop the mortgage pillar of the financial market as well as Real Estate Investments that guarantee off takers in the affordable housing sector.
The Fund on the supply side partners private and public sector developers to develop affordable houses that meet the demands of low and middle-income workers.
Our Mission
To promote homeownership through the development of mortgage finance and alternative products that meet the needs of stakeholders.
Our Vision
To be a world-class Intervention Fund that provides cutting-edge homeownership solutions in the most cost-effective way.
Core Values
- Integrity: Honest and ethical in all dealings.
- Excellence: Striving for perfection in service delivery.
- People: Respecting and valuing all stakeholders.
Strategic Goals
- Development of a Mortgage Finance System: Strengthening the financial markets by expanding access to affordable mortgages through collaborations with private and public financial institutions.
- Innovative Funding Solutions: Engaging innovative funding models, including pension funds and long-term investments, to create homeownership opportunities for Ghanaians.
- Collaboration with the Private Sector: Supporting private-sector participation in the homeownership space to ensure sustainability and scalability of projects.
- National Database for First-Time Homebuyers: Building a national database that allows easy access for eligible individuals seeking homeownership.
Achievements
- In its short tenure, NHF has achieved substantial milestones:
- National Mortgage Scheme (NMS): NHF has partnered with four banks to underwrite mortgages in local currency, ensuring affordability for public and private sector workers. Over 500 workers have benefitted from this scheme.
- Real Estate Investment Trusts (REITs): Two REITs were established to support affordable Rent-To-Own schemes.
- Strategic Partnerships: Successful collaborations with developers such as TDC Development Company and financial institutions, facilitating the development of housing units for Ghanaians.
- Certification: NHF received IFC EDGE certification for resource-efficient housing in the Tema Community 22 development.
Certification & Sustainability
NHF is committed to sustainability and environmental responsibility. Phase 2 of the Tema Community 22 project received the IFC EDGE certification, indicating that the development meets global standards for energy, water, and material efficiency. This commitment to green building ensures long term sustainability and affordability.
Conclusion
NHF is Ghana’s leading institution for promoting homeownership, providing accessible mortgage solutions, and driving the development of sustainable housing projects. With a clear focus on creating partnerships, offering affordable financing, and building trust within the homeownership sector, NHF continues to shape the future of affordable housing in Ghana.
Our Partners
OUR PARTNERS
The National Homeownership Fund works with private sector (banks) to make homeownership accessible to Ghanaians by way of affordable, cedi denominated mortgages or Rent-to-Own programs. Our partners assess and pre-qualify prospective homeowners for mortgages or Rent-to-Own programs based on information provided to the partner by the prospective homeowner in person or online through this survey.
