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Low-income housing in South Africa (photos)

August 26, 2011

OPIC’s 2002 loan guaranty to a South African lender has led to the construction of thousands of homes for low-incomeresidents in South Africa, while supporting may small construction businesses and creating jobs. The project is outlined in more detail on OPIC’s website. Below are some photos.  

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Project Snapshot: Opening a door to homeownership in South Africa

August 23, 2011

Site South Africa Sector Housing Challenge Large numbers of homeless in South Africa needed housing but even with government subsidies in place, local builders were often unable to obtain bank loans for construction projects. Solution OPIC, together with the Soros Foundation, provided a loan guaranty to a major South African bank to support lending to homebuilders through the country’s National
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