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Green Affordable Housing Finance – Reall

Location

Kenya

Sector

Green Buildings

Stage

Bankable Feasibility
Overview

Reall’s Green Affordable Housing Finance (GAHF) is an innovative instrument that seeks to scale the delivery of safe and quality housing in emerging market cities, contributing to Reall’s goal of improving the lives of 100 million people by 2030. GAHF was developed in conjunction with the Global Innovation Lab for Climate Finance to unlock financing for the delivery of green, resilient homes in urban Africa and Asia and the purchase of those homes by families previously unreached by formal housing finance.

Through an Enabling Environment Facility and Guarantee Facility, GAHF derisks local private finance for green construction and mortgages. With financial support from the SDG Impact Finance Initiative, GAHF is piloting in Kenya and is forecast to leverage $400m for green, resilient housing over 15 years, adapting and deploying across emerging markets. It aims to equip financiers to finance lower-income, informally employed and women-led households to acquire green homes affordably.

Investment Needs

$6 000 000

Investment Project Type:

Private

Invested Value to Date:

$100 000

Funding Gap:

$6 000 000

Climate Classification:

Cross Cutting

Why Investing

1
Major Funding Potential:
The program aims to leverage $400 million over 15 years to create a self-sustaining green building ecosystem for affordable housing in emerging markets.​ ​
2
Focus on Vulnerable Households
GAHF targets lower-income, informally employed, and women-headed households most affected by climate change impacts in urban areas.​
3
Commitment to Sustainability
All GAHF-funded homes require IFC EDGE certification, promoting green construction standards and a strong investment track record..
Joy Wachira
Consultant Programme Lead-Kenya
https://reall.net/green-affordable-housing-finance/
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