Palestine Mortgage & Housing Corporation

PMHC aims at contributing to solving the housing shortage problem in Palestine by providing long-term funding that enables citizens to borrow for periods up to 25 years. For this purpose, the Palestine Mortgage and Housing Corporation was established in 1997 by an initiative from the Palestinian National Authority and a number of leading Palestinian and International economic institutions, such as Massar International. It is now considered to be one of the first mortgage companies that specialize in financing the housing sector in the area. PMHC refinances mortgage loans that are financed by partner banks through its primary subsidiary, Palestine Housing Finance Corporation, and insures against mortgage credit risk through its other subsidiary, Palestine Mortgage Insurance Fund. PMHC has contributed to strengthening the Palestinian economy by opening new windows of opportunities for a large number of Palestinians that have not had the opportunity to own homes in the past.