National Assembly adopts recommendation urging government to accelerate FONHAB’s transformation into a public housing bank

The National Assembly of the Democratic Republic of the Congo adopted, with amendments, a recommendation urging the government to speed up the transformation of the National Housing Fund (FONHAB) into a public housing bank. The proposal followed an intervention by MP Mechack Mandefu Muela and was presented in a plenary session on October 28 by rapporteur Jacques Djoli. It calls for a feasibility process coordinated by the prime minister, an interministerial steering mechanism, and a roadmap with clear milestones and measurable goals. It also asks the government to examine the creation of a new banking institution, the orderly dissolution of FONHAB, and ways to mobilize capital and financial partnerships.