This document of IFC paper about Rebuilding Afghanistan’s housing. Worldwide, homeownership is a primary means of long-term wealth accumulation and financial security for most families and is important in promoting neighborhood stability and civic engagement. the Islamic Republic of Afghanistan is no exception to this need, particularly as it has had unprecedented population growth and rapid urbanization. inadequacy of the housing infrastructure is the result of a lack of finance. the housing finance industry in Afghanistan is in its infancy. the state-owned mortgage bank, which dated from the 1960s, was dissolved, and there is no other institution with any convincing record of housing finance.