This study has been conducted with the objective of identifying housing finance and technical assistance options for the SANAD Fund. SANAD Fund is a Luxemburg-based impact investor in MSME and housing finance in the Middle East and North Africa. Since its inception in 2011, SANAD’s mission has been to enhance financial access for micro, small, and medium-sized enterprises ‘(‘MSMEs’‘) in the MENA region in order to support economic development and job creation. SANAD Fund is set to expand its mission by also including the provision of housing given this is an increasingly important topic in MENA: countries such as Lebanon and Jordan are having to accommodate an increasing number of refugees and most countries in the region are experiencing high rates of urbanization and have a young, growing population that further fuels demand for affordable housing.