Uganda - Housing Finance Bank Limited

Project Summary

Approval Date 23 Nov 2011
Signature Date 31 Mar 2014
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 3,520,259.09
Status Implementation

Project General Description

This project is a Line of Credit designed to provide long-term funding to Housing Finance Bank Limited (HFB), a bank dedicated to financing of housing in Uganda. This Line of Credit is in line with Uganda’s National Development Plan, and will help the country to provide decent and affordable housing for low-income groups, and promote structured real estate development. It will enable the construction of more than 14,000 new housing units and diverse types of commercial premises, encouraging job creation and providing new employment opportunities. Given HFB’s focus on low-income housing, it will strengthen HFB’s ability to provide financing to real estate developers operating in Uganda’s structured and low cost real estate development, while abiding to stringent environmental and urban planning standards and laws. This facility will also contribute to developing the domestic mortgage market and will have a demonstration effect to encourage other lenders to intervene in the market. The Line of Credit line will further support HFB’s diversification strategy by freeing up other resources for their reorientation to mortgage lending for individuals and Small and Medium-sized Enterprises (SMES).

Project Objectives

The intervention’s goal is to support the development of residential and commercial real estate projects for the benefit of low and middle income earners and SMEs in Uganda.


The project’s main beneficiaries are Housing Finance Bank Limited (HFB), low-income individuals, Small and Medium-sized Enterprises and Real Estate developers.

Participating Organization

African Development Bank


IATI identifier 46002-P-UG-HA0-003
Last Update 03 Dec 2021


Contact Details


Geographic Location

Country Uganda