Project: Rwanda Housing Finance Project (RFHP)
Assignment Title: Request for Expression of Interest (EOI) for hiring Senior Housing Finance Advisor
Procurement Approach: Individual consultant
1. Background:
The Rwanda Housing Finance Project (RHFP) a US$150million five-year project, aims to
expand access to housing finance to households and to support capital market
development in Rwanda. To address structural challenges in the Rwandan housing
finance market, the project helps develop the financial system’s institutional framework
and build capacity to facilitate financial intermediation beyond the banking sector. The
project is operating within three components: (1): Provision of Long-term Finance to
Expand Housing Finance (US$117 million equivalent), and (2): Technical Assistance and
Implementation Support (US$3 million equivalent) and (2): Provision of infrastructure
subsidy to affordable housing projects (US$30 million equivalent)
To strengthen the implementation the project. BRD has an established Special Projects
Implementation Unit (SPIU) which plays an active implementation role in the projects
implemented by BRD. For quick and smooth implementation of Rwanda Housing Finance
Project, technical competency is very key, and it is this regard that BRD seeks to recruit
a senior Housing Finance Advisor to offer expertise to the Project Implementation Unit to
improve project performance in terms of operations, profitability, management,
structuring of transactions other strategic guidance to enable the project achieve the
Project Development objective (PDO).
2. Objective of the assignment:
The objective of this assignment is to support the operations of the project in
assessment of PFIs to fulfil eligibility criteria to be able to participate in the project,
provide strategic support to the RHFP in assessing financial institutions to collaborate
under the project, build capacity of Staff under BRD’s RHFP in implementation of the
project, support the capacity building component of RHFP, offer technical assistance on
the subsidy component of the project to ensure the required optimal utilization of the
subsidy and offer support in monitoring and evaluation of implementation of the
project. The Consultant will also support in the operationalization of Rwanda Mortgage
Refinance Company in fulfilling the functions of RHFP.
3. Scope of work and key deliverable (Task) per project component
3.1 Component 1: Provision of Long-term Finance to Expand Housing Finance
Task 1: Strategic guidance to the Project Implementation Unit (will be done within
12 months of the consultancy period). For detailed activities refer to the terms of
reference.
Task 2: assist in eligibility and on-going eligibility assessment of PFI’s (to be done
within 12 months of the consultancy period). For detailed activities refer to the
terms of reference.
Task 3: Understand RHFP objectives and design, and: Evaluate lending policies
and procedures of PFIs and modifications required to align to the Project
Implementation Manual of RHFP (to be done within 12 months of the consultancy
period). For detailed activities refer to the terms of reference.
3.2 Component 2 Technical Assistance and Implementation Support
Capacity building of PFI staff, RHFP Staff and RMRC Staff involved in the RHFP,
offer required technical assistance on the procurement activities of the
component (to be done within 12 months of consultancy services with BRD
Main Task: Deliver training modules to all PFIs, BRD, and RMRC including monitoring
and evaluation reporting, and support development of ToRs for various procurement
activities under RHFP and monitoring of their execution. This shall also include any
assignment related to the Implementation of the Project that may be assigned to the
Senior Housing Finance Advisor by the immediate supervisor or the Management of the
Bank. For detailed activities refer to the terms of reference
3.3 Component 3: Provision of infrastructure subsidy to affordable housing projects
Main Task: Offer strategic guidance in the utilization of the subsidy by developers ,
technical assistance in the delivery of the subsidy ie Procurement-based, reimbursement and other delivery mechanisms that may developed in future, assist in M&E assignments of the component.
Other job requirements are detailed in the terms of reference.
4. Experience:
The Development Bank of Rwanda (BRD) now invites individual consultant (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services.
The shortlisting criteria are:
a. A Master’s Degree in finance, business administration, economics, project management, or other related fields from a recognized University/Institution.
Qualification in Housing Finance gives an added advantage.
b. Demonstrated experience in managing housing finance projects in developing countries or developing strategic housing finance projects of a similar scale financed by the World Bank or other International Developing Partners.
c. Minimum ten (10) years of relevant experience in project and program management
in housing finance.
d. Experience of underwriting in financial sector.
e. Demonstrated experience in carrying out multi-stakeholder consultations, engagement and management.
f. Evidence of at least one successfully implemented new product roll out in housing finance area.
g. Capability of demonstrating multidisciplinary approach of housing finance project management.
h. Experience in designing and delivering large scale capacity building programs for Financial Institutions.
5. Duration of the contract
The contract duration will be one (1) year and may be renewed upon satisfactory performance with a written mutual consent of both parties
6. Selection process
Candidates will be selected using the selection based on Consultant’s Specific
Qualifications method. Shortlisted candidates will be assessed through experience
and qualifications.
From 15th February 2021, all Interested Consultants are invited to collect from BRD
website (www.brd.rw/procurement/template.docx) the full Terms of Reference for this assignment and address their expression of interest with detailed CV showing how the
bidder meet the requirement.
Further clarification can be requested through the following email addresses:
brd@brd.rw, copying procurement@brd.rw during office hours (8:00 am to 6:00 pm, Local time).
The expression of interest should be addressed to the Chief Executive Officer of
Development Bank of Rwanda on the following address : procurement@brd.rw and
copying to the brd@brd.rw not later than Tuesday, 2nd March 2021 at 5:00pm Kigali
time.
