How to Contact Us please contact any of ifc’s housing finance team for further information Global/Washington, Dc middle east & north africa Douglas Grayson Syed Farhan Fasilhuddin Tel: +1-202-458-4184 Tel: +92-21-561-0065 E-mail: DGrayson@ifc.org E-mail: SFasilhuddin@ifc.org sub-saharan africa latin america & the caribbean Friedemann Roy William Britt Gwinner Tel: +27-11-731-3000 Housing Finance Tel: +1-202-473-7182 E-mail: FRoy@ifc.org E-mail: Wgwinner@worldbankn.org Housing Finance Products & Services southern europe & central asia south asia Douglas Grayson Subrata Dutta Gupta Tel: +1-202-458-4184 Tel: +91-22-6665-2000 investment services aDvisory services E-mail: DGrayson@ifc.org E-mail: SDuttagupta@ifc.org opportunities in financial markets east asia central and eastern europe IFC provides debt and equity financing to banks, IFC offers advisory services that are often linked Narayanasamy Kokularupan Elena Klepikova primary mortgage originators, and secondary to its investments. Priority areas include creating Tel: +62-21-5299-3001 Tel: +7-495-411-7555 E-mail: NKokularupan@ifc.org market companies. IFC also invests in capital an enabling environment for housing finance, E-mail: EKlepikova@ifc.org market instruments, or provides credit enhance- institutional capacity building, and staff train- ment for mortgage-backed securities (MBS) and ing. These advisory services are funded jointly by media inquiries: similar funding vehicles. IFC offers the following IFC and donors. IFC works with the World Bank Lotte Pang Tel: +1-202-458-0952 investment solutions for housing finance: and other partners to provide housing finance E-mail: LPang@ifc.org advisory services to governments. • Loans for mortgage lending • Collateralized mortgage lines of credit • country level - policy & • Warehouse lines of credit infrastructure improvements • Credit enhancement for MBS - Market studies/business indicators • Structured finance - Knowledge sharing through workshops • Equity investments and conferences • Construction finance - Housing policy advisory - Legal/regulatory environment advisory - Market infrastucture advisory resource support • Information dissemination • Sector Level - Mortgage Toolkit & Training • Data - Toolkit development for all aspects of • Policy guidelines mortgage finance (origination, underwriting, etc.) - Training material development continueD innovation - Toolkit delivery - Training delivery through partners IFC is developing an array of investment prod- and stakeholders ucts for frontier markets including: • Affordable housing finance products • Institutional Level - Capacity Building • Housing microfinance - Market assessments • Housing remittance - Operational diagnostics • Mortgage finance for energy efficient and - Strategy development sustainable development - Mortgage toolkit implementation/ • Housing finance products compliant with training Islamic finance principles - Process automation and standardization • Financing tools for large-scale residential - Staff mortgage training General contact information: projects - Risk management advisory IFC - Long term funding advisory 2121 Pennsylvania Ave., NW Washington, DC 20433, USA ifc.org/housing 2008 IFC: A Global Partner Partnering for Success titularizadora • $150 million partial credit guarantee HDfc • $12 million senior loan and equity colombiana s.a. • Supported client in becoming a investment Maldives Colombia stronger market player • Aimed to support the Government • Provided credit enhancement and im- of Maldives in developing a sustain- proved the ability of liquidity facilities able and commercially viable housing to support mortgage origination finance company • Increased access to the nascent fixed • Enabled HDFC India to provide advisory peso denominated mortgage product support as a strategic partner and in Colombia advisor Central & Eastern Europe (25) Southern Europe & Central Asia (18) South East Asia & Pacific (10) Bank Muscat • $100 million quasi-equity Guarantee trust • $30 million senior loan Washington, Dc Bank Housing The IFC Difference Oman • Helped transform the largest com- mercial bank in Oman into a strong Nigeria • Implementation of IFC’s Africa housing finance strategy to simultaneously Middle East & North Africa (13) regional player provide construction finance and South Asia (14) • Formed a long-term partnership with mortgage finance IFC is a member of the World Bank Group, which comprises four related development institutions, each with its own budget, a financially strong and efficient bank • Part of IFC’s ongoing and successful in Oman program in Nigeria management, and governance structure: the World Bank; its insurance arm, the Multilateral Investment Guarantee Agency; the • Supported IFC’s strategy to encourage International Center for the Settlement of Investment Disputes; and IFC. south-south investment vertice • $25 million senior loan and equity Owned by 179 shareholder countries, we are global—for more than 50 years we have focused on developing countries. Housing finance/ investment Delta credit • $74 million warehouse line of credit energy efficiency • Allowed IFC’s client to provide ad- We are local—with a full time presence in more than 80 countries and activities in many others. We put our clients first. We can Bank • Marked IFC’s entry into the Russian Mexico ditional mortgage financing to middle work with you anywhere in the developing world, building long-term partnerships, exchanging knowledge, and growing together Russia housing finance market and low income home buyers to achieve “win-win” results. • Financed the first dedicated mortgage • Ensures a predetermined percentage lending institution in Russia of homes being financed with proceeds from the IFC credit line will be required Our broad range of Investment and Advisory Services support one goal: improving lives and raising living standards through Latin America & the Caribbean (45) to qualify energy efficient, or green, sustainable private sector development. They are flexible and can be tailored to a client’s specific needs. filinvest land • $41 million senior loan mortgages Philippines • One of IFC’s first peso-denominated • The eligible mortgages being financed Sub-Saharan Africa (14) In 2007, we invested approximately $8.2 billion from our own account in 69 countries, mobilized an additional $3.9 billion loans will involve homes that have been through syndications and structured finance, and provided advisory services in 125 countries. Since our founding in 1956, we have • Provided long-term local currency designed and constructed to include funding for mortgage lending in the solar panels as well as home appliance committed more than $64 billion of our own funds and arranged more than $27 billion in syndications for 3,760 companies in Philippines and electrical systems that lower their 141 developing countries. We have also provided more than $1 billion in advisory services in the past 20 years, funded primarily future energy consumption and there- = IFC Regional Hubs • Provided a loan to the developer for by our development partners. on-lending to its clients who were fore costs, along with other energy ( ) = Number of housing finance investment projects purchasing homes efficiency improvements = IFC Headquarters our shared vision is that people should have the opportunity to escape poverty and improve their lives. IFC: Key Facts emerGinG opportunity for HousinG finance activities include investment services, advisory services, and HousinG finance key facts: recoGnition for eXcellence resource support. 2007 Euromoney Islamic Finance Award credit rating: AAA (Moody’s, Standard & Poor’s) Housing finance plays an important role in the World Bank • Since 2002, IFC has directly financed more than 76 hous- our core values are Group’s overall financial sector strategy and is inextricably linked IFC’s approach is to strategically address each country’s needs ing finance institutions (HFIs) worldwide, providing over Tamweel PJSC, a provider of innovative Islamic housing finance • Excellence portfolio: $25.4 billion, representing 1,410 investments to the overarching mission of reducing poverty and improving in accordance with its financial sector development. Our clients $2.6 billion in financing to these institutions in developing products and services, issued Dubai’s first residential mortgage- • Commitment in 116 countries (as of June 30, 2007) backed securitization in July 2007. The transaction was hailed people’s lives. Housing finance is one of the fastest growing areas benefit from long-term lines of credit; partial guarantees of local markets • Integrity total staff: Approximately 3,100 (50 percent of whom are as the best Islamic Finance Deal for 2007, by Euromoney. IFC’s of business for IFC, and is a priority sector. At the macro level, currency credit issues to foster local currency mortgage lending; • IFC’s advisory services portfolio of over 28 active projects investment of $20 million supported the first multi-tranche • Teamwork based outside of Washington, D.C.) and warehouse lines to support securitization activities. In addi- housing finance generates economic growth via job creation, spans the globe, facilitating access to finance worth $21 mortgage-backed securities deal based on Sharia-compliant our purpose is to number of transactions committed in fiscal year 2007: entrepreneurship, and economic linkages. At the individual tion, mortgage market development occurs from strong primary million as of June 30, 2008 financing to be issued from the United Arab Emirates (UAE). • Promote open and competitive markets in 299 level, it makes it possible both for people to have shelter and a real market competition, and, where appropriate, secondary market • IFC is the number one international investor in terms of IFC invested in mezzanine notes backed by assets originated by developing countries industry coverage: asset, which might be the largest investment a family makes in a conduits, making institution building one of IFC’s key goals. outreach to HFIs, working with more than 76 institutions Tamweel PJSC. At $210 million, the transaction was the first inter- • Support companies and other private sector lifetime. In addition, housing finance activities spur expansion in Because there is a critical need in many markets to foster the • Global financial markets; private equity and in 37 countries production of affordable housing, we are actively pursuing the national issue rated by at least two of the three major international partners investment funds financial and capital markets. For these reasons, IFC works with • Generate productive jobs and deliver basic clients to increase access to housing finance in emerging markets establishment of construction financing facilities. • On the advisory side, IFC is active in several frontier and rating agencies (Aa2 by Moody’s Investors Service and AA by Fitch • Global manufacturing and services; agribusiness; services health and education and consequently, to increase affordable housing. conflict-affected countries including Afghanistan, Ghana, Ratings) and backed by residential leases from the Gulf. Given the rapid pace of innovation in this field, the Housing Honduras, Iraq, Pakistan, and West Bank & Gaza • Create opportunities for people to escape poverty • Infrastructure; information and communication The active role of IFC as a structuring investor enabled Tamweel and improve their lives In 2002, IFC’s Housing Finance unit was created, through Finance unit is constantly developing new products and services. technologies; oil, gas, mining and chemicals; to obtain an important alternative source of funding, as well as subnational finance which IFC launched a more concerted effort to engage in in- It works closely with IFC’s Treasury Department and the World a Sharia-compliant, fixed-income investment product to GCC- novative and value-added housing finance activities. These Bank to develop an integrated approach to housing finance. based and other international investors.
Pages to are hidden for
"HF-Trifolds"Please download to view full document