This report seeks to inform the impact investment community, as well as the microfinance sector at large, about the opportunities and barriers for investment in the growth of housing microfinance. This paper is the result of both desk‐based research and in‐country investigations facilitated by Habitat for Humanity International on the housing finance “situation gap”. The study presents country‐level trends in housing microfinance and the factors that may enable increased scale, impact, and social investment. Field‐based interviews in the primary study countries supplement the macro‐level analysis and serve to verify and provide more nuanced information regarding in‐country trends in demand for investments that may alleviate poverty housing, especially in urban areas.