Davina Wood is an affordable housing consultant, specializing in sub-Saharan Africa affordable housing finance and the US’ Low Income Housing Tax Credit (LIHTC) Program, a public-private partnership (PPP) model that leverages federal dollars with private investment to produce affordable rental housing. She has ten years of experience in the financial sector, including four years at JPMorgan’s Community Development Bank, where she underwrote debt on LIHTC projects and managed a portfolio of 25 construction and permanent loans.
in 2018, she began work on a project with the World Bank in Ethiopia, where the Ministry of Urban Development and Housing requested the World Bank’s assistance with land management and housing delivery. The project entails reviewing the status of the housing finance system in Ethiopia and making recommendations on ways in which it can be reformed to meet the country’s growing demand for formal housing. An additional area of focus is identifying a sustainable solution for how to provide housing for the country’s recently constructed Industrial Parks, which form part of the Government’s Growth and Transformation Plan. She is also currently working on a study commissioned by the Centre for Affordable Housing Finance in Africa (CAHF) on the housing investment landscape in the Southern Africa Development Community. The study will address the lack of reliable data on regional housing finance, with the goal of elucidating new instruments and stimulating targeted investment.
She recently completed a case study for CAHF on the role of Savings and Credit Cooperative Organizations (SACCOs) in Kenya’s housing finance sector. The report describes the mechanics of the SACCO model and the Kenyan mortgage market, assesses the industry’s overall health, and identifies challenges to growth. It also discusses the government’s support of the sector in terms of high level policy and regulatory oversight, and its recent efforts to develop market-based solutions aimed at relieving capital constraints.
Davina holds an MIA in International Finance and Monetary Theory from Columbia University and a BS in Foreign Service from Georgetown University. She is fluent in English and Spanish, and proficient in French.