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Provision of Housing(services) in the Counties: HF & ENGINEERS.

Provision of Housing(services) in the Counties: HF & ENGINEERS. IEK Conference @ KICC on The Role of Engineering Practitioners in the Implementation of the Constitution] May 9th 2012. Paper presented by Eng. ISAAC T. INANGA, Projects credit Manager. For & on behalf of

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Provision of Housing(services) in the Counties: HF & ENGINEERS.

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  1. Provision of Housing(services) in the Counties: HF & ENGINEERS. IEK Conference @ KICC on The Role of Engineering Practitioners in the Implementation of the Constitution] May 9th 2012

  2. Paper presented by • Eng. ISAAC T. INANGA, Projects credit Manager. • For & on behalf of • Mr. FRANK M. IRERI, MD • HOUSING FINANCE

  3. AGENDA • About Housing Finance • Our core Business • Housing Shortages in Counties-Siaya as An Example – Effective Demand(need) • Structure of Devolution • HF’s Sale Centers-Growing Distribution for a National Devolved Interface • Opportunities in Devolution • Conclusion/HF proposition

  4. Housing Finance also has two subsidiaries that are instrumental to its operations namely Kenya Building Society Limited (KBSL) and First Permanent (E.A) Limited Property Solutions Provider With A Unique 46 years in both the Housing and Banking Sectors in Kenya • Incorporation of the Company • The founding investors were the Commonwealth Development Corporation and the Government of Kenya with respective shareholdings of 60% and 40% in the Company • Housing Finance gets listed on the NSE, with CDC and GoK retaining a shareholding of 30.4% each and Kenyan individual and institutional investors taking up the balance of 39.2% • The company rebrands its trading name to Housing Finance and welcomes anchor investors • CDC sells off its stake • Housing Finance successfully raises Kshs 2.4 billion by way of a Rights issue • Bond Issue – raised Kshs 7.5 billion 1965 1992 1970 1999 2002 -2011 • GoKincreases its stake in the company to 50.0%, becoming an equal shareholder with CDC GoK reduces its stake in the company to 7.3%, with Kenyan individuals and institutional investors increasing their stake to 62.3% Shem Peter Munga Benson Wairegi David Ansell Frank Irei Steve Mainda

  5. BOARD OF DIRECTORS Mr. Steve Mainda, EBS - Chairman Mr. Benson Wairegi Prof. Shem Migot-Adholla

  6. Mr. Peter Munga Mr. David Ansell Mr. Arthur Odera Mr. Frank Ireri – Managing Director

  7. Our Core Business Areas Construction Financing • Government Housing Solutions/scheme • Infrastructure financing • Project Finance to Developers • MakaoBuilding solutions • Residential Housing ( Middle and Lower Income Housing Units) • Office Space • Commercial and Trading Properties Housing Supply • Civil servants schemes • Home Owners Mortgage • Home Freedom Mortgage • Cyclical Mortgage • Employer Sponsored Schemes Mortgage Financing Solutions

  8. Our Core Business Areas Investment Products • Housing Development Bond • Fixed Term Deposits • Call Accounts • Current Accounts • 1st HOP Account • Crossover Account • Daraja Account • Treasure Account – WELCOME TO OUR STAND OUTSIDE FOR MORE DETAILS. Savings Products

  9. Star Newspaper March 14th2012 An Example of How Counties(govt,univ,collgeetc) Will Face Challenges in Housing-DEMAND EXISTS!

  10. Housing Finance & Engineers • -We only and always lend against a security (no unsecured loans) • Securities are buildings that have to be valued to determine LTV • There CAN NEVER (???) BE A BUILDING without an Engineers involvement – we always use registered and professional Engineers • We thus need each other (HF/Engs) to provide shelter at the counties.

  11. Kenya’s 47 Counties

  12. CURRENT BRANCH NETWORK

  13. PROPOSED BRANCH NETWORK: 20 BRANCHES AND 100 SALES CENTERS ALL OVER KENYA.

  14. Sample HF Loan Portfolio by Geography

  15. Kenya’s Top 23 Counties By Population (demand)-Will The Institute Place Chapters in Every Region to Provide Services?

  16. Alternative Building Technology in the Counties-FOR SPEEDY ROLLOUT. • Kikambala(MBSA county) Housing Estate by (ELSEK), Kikambala309 Bungalows

  17. Examples of Alternative Technology Police and Prisons in Kenya Universities - Presbyterian Church of East Africa (PCEA) University

  18. Opportunities in Devolution • Public Private Partnerships (PPPs) • Servicing the National Government in Counties • Land Banks –owned by Individual/counties • Manufacturing Building Materials Locally – value additions at the counties. • To serve you better::::::___ • The HF Current Account that Centralizes Property and Real Estate Transactions in Kenya

  19. HF PROPOSITION COUNTIES ARE A REALITY AND THE FUTURE ALL CITIZENS HAVE A RIGHT TO SERVICES –HOUSING IN PARTICULAR ENGINEERS & HF ARE OBLIGATED PROFFESSIONALLY (and now by law) TO PROVIDE A BASIC NEED – SHELTER TOGETHER LETS TAKE KENYA AHEAD.

  20. Thank You

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