Resource information
The housing finance market in Mali
remains small and under developed. Few banks currently offer
a full mortgage product with Banque Malienne de Solidarite,
Mali Housing Bank (BHM), Bank of Africa, and EcoBank being
the main lenders although at minimal levels. The total
annual housing need in Mali based on the household formation
rate amounts to 82,500, split between 51,100 urban units and
31,400 rural units. Overall some social housing is
constructed and support is provided by the state for low
income housing through the Office Malienne de l’Habitat
(OMH), but the numbers remain small. The Malien authorities
have been working to strengthen financial sector stability
which includes measures to stabilize the BHM and put it in a
position where it begins to fulfill its mandate of providing
credit for the housing sector. A strategy was approved by
the council of Minister for a strategic disengagement by the
state from the share capital of BHM. Initially the agreed
plan was for BHM to be privatized. Overall progress in
delivery of affordable housing will require a concerted
effort among all stakeholders both in public and private
sector. This should be supported through establishment of
stakeholder coordination group to oversee change across the
housing value chain.
