Green Affordable Housing Finance (Gahf) In Kenya: Gender Analysis And Financial Product Design Consultancy

REALL

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Abstract: Green Affordable Housing Finance (GAHF) is a financial instrument,developed to foster and support sustainable construction and mortgage lending to developers and low-income earners for green affordable homes,utilising green building certifications and alternative credit assessment technologies. To support the creation of robust,self-sustaining local housing finance ecosystems that provide accessible routes to homeownership for low-income households and women,GAHF will coordinate the deployment of commercial risk guarantees to local financial institutions,alongside targeted support (pipeline development and technical assistance). By incentivising and evidencing successful lending track records the instrument will leverage significant private capital for increased sustainability and gender transformative outcomes in the built environment. Reall is now developing and strengthening the instrumentâ??s gender component,with the support of the SDG Impact Finance Initiative,and seeks to procure a consultant/consulting group that will conduct research for the purpose of developing genderfocussed de-risking products that can be deployed as part of GAHFs pilot implementation in Kenya. Reall seeks to procure a Kenya-based consultant/consultancy group with significant research experience,expert knowledge of the Kenyan housing finance sector,financial inclusion,gender expertise,and proven financial product capability and experience engaging with banks and other financial institutions. The consultancy objective is in two key parts. Part one is to conduct gender analysis and target market scoping research to better understand end-user housing finance for women in the Kenyan context,that can lay the groundwork for subsequent innovative financial solutions. This will entail identifying key challenges,market opportunities and impediments to scale. The consultancy will assess the target market segment for women borrowers,engage with end user groups and local financial institutions. Part two will build on the findings of part 1 to inform and develop gender-targeted de-risking products that can be deployed through GAHF to incentivise lending by local financial institutions to women borrowers. Work is expected to be contracted in early March 2024,with deliverables over the following 6 months.