Board of Directors
Tuilaepa Eti Faaolotoi (Chair)
Rev Dr. Siaosi Salesulu
Tuialii Ropeti Chan Cheuk
Jason Annandale
Tuiloma Sina Retzlaff
Activities
The Samoa Housing Corporation was established on May 1990 under the Housing Corporation of Samoa Act 1989, amended in 2010. The purpose of SHC is to improve housing and living conditions of lower moderate income persons and families by lending money on mortgages or other security for the purposes of erecting, renewing, repairing, extending, purchasing or otherwise acquiring a home for personal occupation, or to assist the borrower to acquire land for the purpose of erecting a home for personal occupation.
SHC is also subject to:
- Public Bodies (Performance and Accountability) Act 2001
- Public Bodies (Performance and Accountability) Amendment Act 2015
- Public Bodies (Performance and Accountability) Act Regulations 2002 and
- Composition of Boards of Public Bodies Act 2012.
SHC is governed by a board of directors that is responsible to the Minister of Public Enterprises.
Vision and Mission
SHC’s vision is “to be the active leader in the provision of finance for housing and land property for residential purposes”. Its mission is “to provide affordable housing finance by being professional and profitable to satisfy our stakeholders”.
Community Service Obligations
SHC does not apply for nor receive Community Service Obligation funding.
Financial Highlights
| (ST ‘000) | 2013 | 2014 | 2015 | 5-yr Average |
| Revenue | 3,749 | 4,512 | 5,235 | 4,013 |
| Net Profit After Tax | 717 | 714 | 833 | 717 |
| CSO payments | 0 | 0 | N/A | N/A |
| Total Assets | 32,151 | 41,279 | 41,722 | 33,168 |
| Total Liabilities | 16,110 | 14,293 | 14,319 | 12,857 |
| Shareholders Funds | 16,041 | 26,986 | 27,403 | 20,311 |
| ROE % | 4% | 3% | 3% | 4% |
| ROA % | 2% | 2% | 2% | 2% |
| Asset Utilization | 12% | 11% | 13% | 12% |
| Cash / Current liabilities | 0.205 | 0.794 | N/A | N/A |
Important Documents
- SHC annual accounts
Website