Housing Bank of Senegal

Senegal Financial institution

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Housing Bank of Senegal

Native name

| Banque de l'Habitat du Sénégal

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Company type| Development finance institution
Industry| Financial services
Founded| 1979; 45 years ago (1979)
Headquarters|

Dakar

Senegal

Products| Mortgages
Owner| Partially state owned
Website| www.bhs.sn

The Housing Bank of Senegal (French: Banque de l'Habitat du Sénégal) is a financial institution that is a major actor in the housing finance market in Senegal. In 2013, it held about 30% if mortgage related loans in Senegal.[1] Minority owned by the government, it strives to provide funds to developers, housing cooperatives and individuals for development of affordable housing in Senegal.

The bank offers financial incentives to housing cooperatives in the form of favorable rates. By the 2000s, the bank had given out over $409 million in its 30 year existence.[2]

## History[edit]

Founded in 1979 as a private - public venture, it began operation in March 1980. A primary objective was to mobilize savings for long term investments in mortgage related lending to lower and middle income earners.[3] Funds were transferred over a ten year period from an earlier initiative for urban development, a government treasury funded plan for the improvement of housing and urban development.[4]

## References[edit]

1. ^ "Housing Investments Landscapes: Senegal Country Report" (PDF). 2019.
2. ^ "Un Habitant Sector Profile of Housing in Senegal" (PDF). 2012.
3. ^ "World Bank report" (PDF). 1981.
4. ^ "Staff Appraisal Report: Senegal Municipal and Housing Development". 1988.