About Africa Housing Partners.
With decades of expertise across housing finance, operations, and technology, AFRICA HOUSING PARTNERS delivers comprehensive solutions that optimise performance and facilitate sustainable growth.
We combine the rigour of international development finance practice with deep African-market knowledge and long-term partnerships. Our analysis demonstrates a methodology that identifies inefficiencies, implements data-driven improvements, and measures outcomes to ensure organisations achieve measurable and enduring value.
The result is work that gets built and communities that grow.
—— THE OPPORTUNITY
Africa is the world's
growth story.
Sub-Saharan Africa is the only major region with high fertility and a true youth bulge. Its population is projected to double to 2.5 billion by 2050. The next 25 years will determine prosperity or chaos.
Yet 230 million people already live in slum households. Fewer than 10% can afford to buy a home. There is no viable volume rental sector.
Affordable housing is foundational: it delivers health, security, better education outcomes, and social empowerment.
$2.4B+
Addressable capital requirement, first phase
2.5B
Projected sub-Saharan population by 2050
230M
People currently in inadequate housing
—— THE LOGJAM
Why the market
has not moved.
The affordable housing market is caught in a set of interlocking constraints. Breaking one without the others accomplishes nothing. The system has to move together — or not at all.
No assured sell-out.
Homebuyers cannot purchase without long-term, affordable mortgages. Without guaranteed demand, builders cannot justify the investment. The cycle cannot begin.
____________
Fragmented rental market.
The rental option remains a fragmented mom-and-pop business. There are no institutional landlords offering reliable, affordable tenancies at volume.
____________
No long-term finance.
Builders will not build without reliable short- and long-term finance. Traditional lending is short-tenure, high-rate, and structurally unsuited to residential development at scale.
____________
Siloed approaches fail.
Traditional programs treat these constraints separately. The result is persistent, growing deficits and no path to scale.
____________
—— THE HOLISTIC SOLUTION
Three roadblocks.
One integrated answer.
Finance needs supply. Supply needs finance and assured offtake. Rental stabilises the ecosystem. When all three operate under one coordinated plan, the system becomes self-reinforcing and scalable.
—— OUR TEAM
A world class team
of proven executives.
The AFRICA HOUSING PARTNERS team consists of seven executives with combined extensive experience in housing finance, banking, REITs, mortgage securitisation, and construction.
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Michael Bookstaber, CFA
Founder, Managing Director
Expert and experienced in development banking, mortgage banking, housing development and REITs.
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Michael Idusso
Architect & Project Manager
Architect & Project Manager, delivering affordable housing and commercial real estate in Africa.
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Eric Rutabana
Rwandan Partner & Executive
Rwandan Partner/executive; former CEO, Development Bank of Rwanda (DBR).
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Jacques Steffens
Founder & Partner, Sapling54
Experienced international executive with 40+ years experience in FMCG globally and 11+ years experience as an investor in East Africa.
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Ken Bialek
Development Finance Executive
Active in Rwanda since 2005, involved in development of urban-core affordable communities.
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Itzik Ben-Bassat
Affordable Housing Development
Africa-focused business development professional, and expert in affordable housing development.
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Kevin Penwarden
Housing Finance Executive
Former CEO of SA Home Loans for 18 years. Currently Lead Independent Non-Executive Director at SAHL.
—— PARTNER WITH US
Join the coalition
building at scale.
We are seeking strategic partners across the capital structure — DFIs, impact investors, commercial lenders, development partners, and technology providers aligned with scalable, bankable affordable housing in sub-Saharan Africa.
Capital Partners
DFIs, impact funds, institutional lenders, and blended finance vehicles.Development Partners
Bilateral and multilateral agencies, government bodies, and city authorities.Technology Partners
Precast manufacturers, construction technology firms, and digital platform providers.
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