The Development Bank of Namibia (DBN) views availability of serviced land and affordable housing as a core requirement for social development of Namibia.
To foster serviced land and affordable housing, the Bank provides finance to local authorities, PPPs (public private partnerships), private sector developers and contractors.
Finance for serviced land and affordable housing
Among others, finance can be provided for:
Serviced land (offered by private sector entities, PPPs or local authorities acting on their own)
Clearing of erven
Water and sewage provision
Electricity distribution
Residential roads
Low to middle income housing developments
(Units to be sold)
Structured, responsive finance for larger projects
The Bank structures finance for larger projects to ensure that it promotes viability, based on the project and sales plan.
The Bank cooperates with private sector developers, PPPs and local authorities to develop viable financing that takes sustainability, risk, revenue streams and development impact into account.
Products
For local authority projects or developers and contractors with less complex requirements, DBN provides a range of products that may include:
Property development finance
Asset-backed finance (vehicles and other assets)
Contract (tender) based finance
Performance guarantees
PPP finance
Local authority finance