HLGC is now in run off. It's work has by and large been done. It has proudly facilitated access to housing finance for lower income South Africans, through the provision and mobilisation of guarantees of last resort to lenders for loans to the affordable housing market. In 1996, the income level of persons to benefit was a maximum of R3500 per month – until it ultimately aligned itself to the FLISP housing subsidies.


HLGC’s guarantees were originally available only to banks, then expanded to include other organisations providing home loans. It facilitated home ownership. With the effluxion of time and changing market needs, it's offer was ultimately the CRI, a Collateral Replacement Indemnity, which stands in for the borrower’s cash deposit requirement, this being the one with the most benefit to all.

To function effectively, the HLGC established itself as an objective, neutral, professional company with an ability to communicate empathetically in each community. The HLGC has achieved acceptance in all quarters as an impartial entity.


The HLGC created and retained sound relationships with all lenders, the Association of Mortgage Lenders, Insurers, SASRIA, employers, employees, trades unions, individual borrowers, community representatives and organisations, national, regional and local government, facilitative agencies, civic organisations and pension/provident funds.