Housing Finance receives accolade for Best Bond issue

Housing Finance, the leading mortgage firm in Kenya, has gained industry recognition for Best bond issue in the Capital Markets Awards.

The Capital Markets Awards recognize the best quoted companies in Kenya and aims at encouraging prudence and stability in the financial services sector by recognizing, awarding, and celebrating exemplary performers and successes of the sector, therefore encouraging competition.

Housing Finance highly successful Bond issue in September 2010 raised Kshs 7 billion against a target of Kshs 5 billion representing a 41 percent oversubscription. 

The bond, a first by a mortgage firm, will increase Housing Finance participation in mortgage lending and housing supply.  Housing Finance is a capital intensive undertaking which is best financed through long-term credit financing.

For over forty-five years, Housing Finance has been providing access to mortgage finance to Kenyans for the acquisition, development and improvement of property and has helped many Kenyans turn their dreams into homes all over the country by constantly developing innovative and pioneering products and services designed to meet the unique needs of the Kenyan Market.

The team is continually involved in research and gathering of market intelligence which is a key component of developing suitable products for the Kenyan public.

Kenya’s informal sector landscape is riddled with single or multiple dwelling units which have stalled or delayed due to non-viable financial solutions. Some entrepreneurs are known to opt for a variety of financing solutions that have proven too costly in terms of financing costs. Housing Finance has developed a specialized service to cater for both small and large property developers. 

Housing Finance whose 45-year expertise has seen the realization of large housing units such as the iconic Buru Buru and Komarock estates to smaller single units has assembled an in-house team with requisite experience to support both aspiring and established property developers.

Housing Finance’s, Project Finance unit, handles Property development activities of the firm targeting property types including: Residential market, Retail market, Office Market and Industrial market.

Housing Finance winning business model not only focuses on providing mortgages and enabling more Kenyans to own homes, but also ensures that the Company plays a pivotal role in enabling a steady supply of quality and affordable property and homes in this market.