“IHS is a private affordable housing investment manager. We raise institutional capital and invest it in the development or renovation of affordable housing in Sub-Saharan Africa, both for-sale and for-rent, affordable to the fast growing low to middle income market in South Africa and other target Sub-Saharan countries. IHS is owned by MMA Capital Management LLC, a publicly-listed US affordable housing and renewable energy investment manager (formerly MuniMae). As such, we are under the corporate governance of this major US shareholder, and are therefore governed by their rigorous policies and procedures, including their code of ethics and principles of business integrity to combat issues such as bribery and corruption.
To date, our investments have resulted in the production of about 18,000 homes. In our current Fund, IHS Fund II, we have raised capital specifically for the purpose of “greening” a portion of the homes produced. Based on capital raised to date, we have committed to 5,060 green homes (25%). We have so far closed six projects in Fund II (five green home projects).”