During my Budget Vote address in 2017, I proudly announced the launch of the Human Settlements Development Bank, HSDB. The Bank was set up as an apex level financial institution catering for the housing sector needs across the Human Settlements supply chain. Once fully established the HSDB will be central to all financing activities and market making activities across the housing supply chain. At a wholesale level the bank will participate directly in risk and funding of large scale development projects and programmes as well as facilitate and fund the requirements of housing finance intermediaries operating in the social and gap markets. The bank already supports a number of specialised asset based social housing finance entities.