NORC assisted the Rwanda Ministry of Finance and Economic Planning to implement its plan to reform housing finance in the country. NORC assessed the feasibility of restructuring the Housing Bank of Rwanda (BHR) to be a secondary mortgage market facility and determined that the facility should be wholly new. The new facility would refinance home purchase loans made by banks, thereby helping banks manage the interest rate and liquidity risks associated with such lending. NORC prepared the facility’s business plan, including an estimate of the price the facility would need to charge banks for its funds, taking into account the cost of funds in the market and its operating costs. NORC also prepared a capacity building program for BHR to strengthen its current operations, based on detailed mortgage lending and risk management practices at BHR and several other commercial banks.