Kampala: Diamond Trust Bank (DTB) Uganda has today unveiled its Mortgage Finance solution, a strategic financing product designed to expand affordable home ownership, unlock institutional real estate investment, and support Uganda’s growing housing needs.
Launched at Emerald Residency in Mutungo, Nakawa-Kampala under the theme, “The Wealth Welfare Equation: Deploying Structured Mortgage Capital to Drive Institutional Real Estate Investment and Corporate Home Ownership,” the initiative reflects DTB’s commitment to providing innovative financial solutions that improve livelihoods while contributing to Uganda’s socio-economic development.
The initiative marks a significant step toward addressing Uganda’s housing deficit by providing structured financing for large-scale property developers and tailored mortgage solutions for individuals and corporate employees. DTB Uganda will provide developers with reliable, long-term financing to facilitate the construction of quality residential housing, reducing the risk of stalled projects while increasing the supply of affordable homes.
In addition, the bank has introduced customized corporate mortgage schemes that enable employers to support their staff in acquiring homes through affordable financing arrangements. The initiative is also expected to enable more Ugandans to build long-term wealth through property ownership.
Speaking at the launch, the Managing Director for DTB Uganda, Godfrey Ssebaana expressed the bank’s commitment towards delivering innovative financial solutions that stimulate economic growth while improving the welfare of Ugandans.
“As DTB, we believe housing is a foundation for financial security and long-term wealth creation. Through structured mortgage financing, we are committed to empower developers to build with confidence while creating a pathway for individuals and corporate employees to own homes, thus making property ownership more accessible to more Ugandans,” he said.
The Chief Guest, the Minister of Lands, Housing and Urban Development, Hon. Judith Nabakooba, commended DTB Uganda for introducing a mortgage finance solution that aligns with the Government’s agenda of expanding access to affordable housing and increasing home ownership across Uganda.
“Uganda’s rapidly urbanising population presents both a challenge and an opportunity. Expanding access to affordable housing will require stronger collaboration between government, financial institutions and private developers. Initiatives such as DTB’s Mortgage Finance solution will play an important role in mobilising long-term capital, increasing housing supply and helping more Ugandans own decent homes,” she said.
Uganda currently faces a housing deficit estimated at more than 2.4 million units, with annual demand of 210,000 to 300,000 units annually, expected to rise to nearly 3 million units by 2030, driven by rapid urbanisation and population growth. Despite this growing demand, access to mortgage financing remains limited due to high lending costs, short repayment periods and limited long-term financing options, forcing many households to rely on incremental construction over several years.
DTB Uganda’s Mortgage Finance solution seeks to address these challenges by offering structured, longer-tenure financing while partnering with credible developers to expand the supply of quality housing. The initiative is expected to make home ownership more attainable for working Ugandans while supporting sustainable growth within the country’s real estate sector.
