BRD, developers to raise funds on the bourse for affordable housing

A housing deficit continues to cause city planners sleepless nights as they search for sustainable solutions to the challenge. The City of Kigali currently needs over 1,000 housing units per year, especially for the lower and middle market segments.

Many of the houses being constructed today by real estate developers target the high-end of the market, and leaving out low-income earners who are at times forced to stay in inhabitable dwellings.

However, this could soon be history thanks to an initiative to avail more affordable houses by the end of the year that is being spearheaded by the Development Bank of Rwanda (BRD).