PRESENTATION TO UK-LIBERIA INVESTMENT FORUM
Samuel W. ThompsonManaging Director
September 14, 2012
• Land Acquisition – Provide Title Free Land
• Support Planned Urbanization Nationwide
• Foster Public Private Partnerships For Housing Development
• Provide Investment Incentives For Affordable Housing Per NHA Act and NIC Guidelines
• Facilitate Mortgage Finance System/Institutions
• Develop National Housing & Urbanization Policy
ROLE OF NHA IN DEVELOPING THELIBERIAN HOUSING SECTOR
NATIONAL HOUSING AUTHORITY9/19/2012 2
HOUSING STRATEGY (VISION 2030)
• Strong Support For Decentralization And Sustainable Urbanization In Growth Corridors/Admin. Centers
• Decongest Monrovia Via Better Alternatives
• Encourage Home Ownership By Access To Flexible Mortgage Finance
• Better Regulate Housing Sector (E.g., Zoning, Investment Incentives, Etc.)
• Move Towards Mortgage Backed Securities
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4NATIONAL HOUSING AUTHORITY9/19/2012
DECENTRALIZATION AND GROWTH CORRIDOR SETTLEMENTS
Mittal SteelFirestone
China Union
Sime Darby
Western Cluster
Putu Iron Ore
G. Veroleum
Mittal Steel
SIFCOM Rubber
Decoris Oil PalmLogistics Port
Food & Cash Crops
X- Border Trade
X- Border Trade
Seaport
Tourism
Seaport
NATIONAL HOUSING AUTHORITY
1. Lifts Liberians Up Via Economic Justice Of Improved Housing And Lifestyles
2. Mass Market Opportunity Focusing On Home Ownership And Services
3. Major Engine Of Economic Growth And Job Creation
4. Contributes To Stable Future By Showing Dividends Of Large FDI Inflows
5. Supports M. Term Securities Market Development
WHY INVEST IN HOUSING?
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1. Planned Development: Monrovia & Other Growth Corridor Settlements
2. Urban Revitalization And Re-zoning
3. Nationwide Urban Hubs
4. Sites And Services Programs
5. Tourism And Leisure Services
6. Financial Services
HOUSING RELATEDINVESTMENT OPPORTUNITIES
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URBAN PLANNING: ST. PAUL RIVER TO PO RIVER COMMUNITY
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NATIONAL HOUSING AUTHORITY
SOME URBAN PLANNING SITESON GROWTH CORRIDORS
NEW BUCHANAN - 3 SQ. MILES
• NEW KAKATA 4.2 SQ MILES
NEW KAKATA 4.2 SQ MILES
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TUBMANBURGDU RIVER DEVELOPMENT
NATIONAL HOUSING AUTHORITY
MORE URBAN PLANNING SITES
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NATIONAL HOUSING AUTHORITY
REVITALIZATION OF MESURADO RIVER FRONT
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MESURADO RIVERFRONT
MESURADO RIVERFRONT - MONROVIA ABIDJAN RIVERFRONT
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NATIONAL HOUSING AUTHORITY
MESURADO RIVERFRONT: WEST POINT COMMUNITY REVITALIZATION
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MESURADO RIVER FRONT
WEST POINT RIVER VIEWJARDIM SÃO FRANCISCO SLUM RENEWAL - BRAZIL
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NATIONAL HOUSING AUTHORITY
• Better Interagency Collaboration Within GOL
• Technical Assistance In Urban Governance, Urban Planning And Project Development From UN Habitat
• Seeking Soft Funding For Sites & Services Infrastructure And Re-zoning
• Subsidies For Low Income Housing Via CSR
• Sourcing L. Term Funding (Shelter Afrique & US OPIC) For More Flexible Mortgage System
ADDRESSING CONSTRAINTS
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NATIONAL HOUSING AUTHORITY
0
10
20
30
40
50
60
70
80
USA
SWE
SA
CHILE
CHI
MEX
IND
BRA
RWA
UG
GHA
SOURCE: Dr. Monica Hjeds Löfmark, Growth, Housing Finance & Land Administration Chain, National Housing Credit Guarantee Board (BKN), Sweden, 2010
NATIONAL HOUSING AUTHORITY
Formal Mortgages, % of GDP
HOUSING & ECONOMIC DEVELOPMENT
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NATIONAL HOUSING AUTHORITY
THANK YOU.
QUESTIONS & COMMENTS
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