IFC invests in affordable housing finance and development in Sub-Saharan Africa. In FY2013, IFC committed $3.5 billion to Sub-Saharan Africa projects, with housing as a priority. IFC finances the entire housing value chain, providing over $2.6 billion to 76 housing finance institutions who have issued $18.3 billion in loans to 1.9 million homeowners. Challenges to expanding affordable housing in Sub-Saharan Africa include insufficient developer capacity, weak business environments, and high interest rates.