Reforming Affordability: How Smarter Credit Rules Can Unlock Housing for Namibians
Namibia faces a deep housing crisis, yet its financial regulatory framework continues to treat a basic human need and a depreciating luxury asset as if they carry the same weight. Commercial banks and the Namibia Financial Institutions Supervisory Authority currently apply a universal affordability rule: monthly debt repayments should not exceed about 30% to 33% […] The post Reforming Affordability: How Smarter Credit Rules Can Unlock Housing for Namibians appeared first on The Namibian .
Namibia faces a deep housing crisis, yet its financial regulatory framework continues to treat a basic human need and a depreciating luxury asset as if they carry the same weight.
Commercial banks and the Namibia Financial Institutions Supervisory Authority currently apply a universal affordability rule: monthly debt repayments should not exceed about 30% to 33% of gross income. Though intended to protect consumers, this blanket limit is undermining access to homeownership.
