# National Housing Finance Corporation

National Housing Finance Corporation is a Government / Public Body based in Sandown, South Africa.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Sandown, South Africa
- **Region:** Africa
- **Address:** 90 Grayston Drive, Sandown, Sandton, 2031, South Africa
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** www.nhfc.co.za
- **LinkedIn:** https://www.linkedin.com/company/national-housing-finance-corporation-sa

## Regulatory record

- **Reports private funds:** No

## About

The NHFC provides wholesale funding in the affordable housing market mainly to social housing institutions, non-banking retail intermediaries, privately owned property developers, construction companies and investors.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Social Impact

## People

- Jabulani Fakazi — Acting Chief Executive Officer
- Desmond Golding — Chairperson

## Questions

### Does the NHFC originate mortgages directly to homebuyers?

No. The NHFC functions as a wholesale funder, providing capital to social housing institutions, private landlords, developers, retail finance intermediaries, and microfinance institutions. Retail exposures, including incremental housing loans for building materials, flow through NCR-registered on-lenders rather than from the NHFC itself.

### What is the NHFC's relationship with the First Home Finance programme?

First Home Finance is a government grant programme administered by the NHFC on behalf of the National Department of Human Settlements. It targets first-time homebuyers earning between R3,501 and R22,000 per month, offering a measurable reduction in initial loan repayment amounts for those with approved mortgage loans.

### How does the NHFC fund social housing development?

The NHFC provides secured debt top-up funding of approximately 30% of project cost to Social Housing Regulatory Authority-accredited institutions that have received Consolidated Capital Grants. The balance of the project cost is covered by the grant, making the NHFC a gap-funder for subsidised rental accommodation.

### Which segments of the housing market does the NHFC explicitly target?

The institution targets low-to-middle income households across five programmes: subsidised social rental, private rental, affordable-housing for sale, incremental homeowner improvements via building-material finance, and subsidy-project bridging loans for contractors.

### Has the NHFC taken equity positions in housing companies or developments?

Yes. Alongside its primary debt instruments, the NHFC has identified opportunities to invest through equity and quasi-equity structures. A historical example is the 50/50 joint venture with the City of Cape Town forming the Cape Town Community Housing Company, and more recent MOUs with Ekurhuleni Housing Company and the Housing Company Tshwane signal strategic equity-style partnerships.

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Last updated: 2026-06-03T20:00:00.000Z

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