Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.

GENERAL INFORMATION

• Project: Scaling Up Resilient, Green and Affordable Housing in the Eastern Caribbean

• Duty Station: St. George’s, Grenada (with remote work as required), Local Consultant

• Estimated Contract Duration: June 1, 2026 to October 29, 2026

• Consultant Level: Level 5

• Total Fees: US$ 24,000

(The budget will cover professional fees and all costs associated with the consultancy. Any required international travel will be reimbursed separately, as appropriate, and in accordance with GGGI policies) Deliverable-based or daily rate: Deliverable-based

PROJECT BACKGROUND

Context

Access to adequate, affordable, and climate-resilient housing in the Eastern Caribbean remains constrained, limiting the region’s ability to address growing climate risks and persistent housing deficits in Small Island Developing States. Key challenges include: (i) limited financial structuring capacity to design and scale bankable housing initiatives; (ii) gaps in integrating affordability considerations with climate-resilient and low-carbon housing solutions; (iii) fragmented institutional coordination and limited availability of tailored financing instruments; and (iv) constrained access to long-term, affordable capital for housing development. These barriers hinder the effective implementation and scale-up of national housing programmes, including flagship initiatives such as Project 500 in Grenada. Therefore, targeted technical assistance is required to strengthen project design, financial modelling, and investment structuring, while enhancing stakeholder coordination and market readiness. Support across the full project development lifecycle-from concept refinement and stakeholder validation to financial analysis, investment structuring, and investment communication—is critical to mobilize public, private, and concessional financing.

Under this context, GGGI is implementing the programme “Scaling-up Resilient, Green and Affordable Housing in the Eastern Caribbean” funded by the Government of Ireland to accelerate the transition toward resilient, low-carbon, and affordable housing systems. In Grenada, this includes support to Project 500 through (i) development of financial models and home affordability assessments; (ii) identification of financing gaps and structuring of blended finance solutions; (iii) engagement with key stakeholders including government entities and financial institutions; and (iv) preparation of investment-ready outputs, including concept notes and investment prospectus materials. Providing end-to-end technical support is essential to unlocking investment, strengthening delivery mechanisms, and enabling the sustainable scale-up of green and affordable housing across the region.

OBJECTIVES OF THE ASSIGNMENT

The overall objective of this assignment is to support the Government of Grenada, through GGGI, to enhance the financial viability, structuring, and investment readiness of Project 500 and related resilient, green, and affordable housing initiatives. GGGI and Government counterparts will facilitate access to available project data, housing statistics, and relevant documentation including the Draft Financial Analysis of Project 500. The consultant will not be responsible for primary data collection beyond stakeholder consultations unless otherwise agreed. The specific objectives are to:

• Strengthen Project Positioning and Investment Readiness-Review existing documentation and refine the project concept, scope, and investment narrative to enhance positioning for potential investors and development partners.

• Undertake Financial Analysis and Affordability Assessment-Develop a robust financial model to assess capital costs, unit-level affordability, and financing scenarios, including conducting discounted cash flow analysis (NPV, IRR, and DSCR).

• Design Viable Financing and Delivery Structures-Identify financing gaps and propose feasible financing mechanisms, including blended finance approaches, public and private sector roles, and indicative mortgage or lending frameworks, as well as suitable implementation and delivery models.

• Facilitate Stakeholder Engagement and Validation-Engage with key stakeholders, including relevant ministries and financial institutions, to validate assumptions, align with national priorities, and build ownership of proposed solutions.

• Assess the external and internal investment and donor landscape to see what is possible out there and see if the financial proposal is realistic, grounded and feasible.

• Identify Barriers and Recommend Scale-Up Strategies-Assess key financial, institutional, and regulatory barriers to implementation and propose practical measures, including a phased scale-up strategy from pilot to expansion.

• Develop Investment-Ready Outputs for Resource Mobilization-Prepare high-quality, investment oriented deliverables, including inputs to an investment prospectus, investment teaser and concept notes to support the mobilization of public, private, and concessional financing. Suggest potential green/resilient housing donors/investors that the prospectus should be shared with.

SCOPE OF WORK

• Deliverable 1 – Inception Report (Work Plan & Methodology)

A comprehensive work plan outlining the consultancy’s methodology, analytical approach, key tasks, sequencing, and timelines. The report will define roles and responsibilities, stakeholder engagement strategy, data requirements, and coordination mechanisms. It will also include a review of available Project 500 documentation, housing policies, and financial reports, providing a clear roadmap for implementation.

• Deliverable 2 – Financial Model & Analysis Report

A simplified, Excel-based financial model for Project 500, including capital cost estimates, cost per housing unit, affordability analysis, and indicative pricing. The report will present financing scenarios (public, concessional, and private), along with discounted cash flow (DCF) analysis covering NPV, IRR, and DSCR. It will identify financing gaps and estimate the level of subsidy, donor and investor contributions or concessional financing required to ensure project viability and affordability.

• Deliverable 3 – Investment Structuring & Scale-Up Strategy Report

A comprehensive note outlining proposed financing structures, including blended finance approaches with indications of potential donors and indicative roles of public institutions, financial intermediaries, and private sector actors. It will include an indicative mortgage/lending framework, identification of potential financing partners (e.g., Grenada Development Bank, commercial banks, regional and international institutions), and recommended implementation models (public-led, Public-Private Partnerships, phased approach). The report will also assess key financial, institutional, and regulatory barriers and propose practical measures, alongside a phased scale-up finance and investment strategy from pilot to expansion.

• Deliverable 4 – Investment Communication Outputs (Final Report & Teaser)

A consolidated final report incorporating all analyses, recommendations, and stakeholder inputs. This will be complemented by a concise (approximately 2-page) investment teaser highlighting key project features, financials, and investment opportunities. The consultant will conduct a comprehensive review of all fiscal and non-fiscal incentives offered by the Government of Grenada, including tax holidays, duty exemptions, and sector-specific concessions. The assessment will evaluate how these incentives align with and attract different investor profiles, such as developers, institutional investors, and ESG-focused investors. The findings will be integrated into the investment prospectus to clearly demonstrate how these benefits enhance project viability, reduce risks, and improve overall investor returns. The deliverable will also include inputs to concept notes and investment prospectus materials to support resource mobilization and submission of funding proposals.

• Deliverable 5 – Stakeholder Consultation & Validation Summary

A consolidated record of stakeholder engagement activities, including consultations with the Ministry of Housing, Ministry of Finance, Grenada Development Bank, and other relevant stakeholders including external stakeholders like potential donors and investors. The summary will capture key inputs, validate assumptions, and reflect consensus on project scope, affordability considerations, and financing approaches. It will also document feedback from 1–2 validation meetings/workshops and outline how stakeholder inputs have been incorporated.

DELIVERABLES AND PAYMENT SCHEDULE

Please note that payments will be disbursed based on the successful completion (review and approval of final drafts by the GGGI project manager) of the deliverables described above, according to the following table:

COORDINATION AND COMPLIANCE

• All relevant technical papers, reports, regulation drafts, and other documents prepared from the start to the end of the assignment shall be revised and approved by the GGGI project manager). The dates of the review periods must be detailed within the workplan.

• All relevant technical papers, reports, and other documents prepared from the start to the end of the assignment shall be attached to the final Report and should be included in a digital repository.

• All reports and results must be in English, in accordance with GGGI format requirements, and presented in electronic formats, along with complete sets of raw data, research materials, interview notes and any related evidence.

• The consultant will make the best use of sources of information to develop activities defined under the contract objective.

• The consultant will work closely with GGGI staff to ensure the goals of this consultancy are met, and he/she will also be responsible for reporting their progress to the GGGI project manager (a monthly update meeting and other meetings as required with the GGGI PM).

• This consultancy fee is a lump sum cost.

EXPERTISE REQUIRED

• Advanced degree in finance, economics, housing finance, or related field.

• Minimum 8–15 years of professional experience in housing finance, financial systems or relevant fileds.

• Demonstrated experience completing financial structuring and investment proposals for housing investments.

• Demonstrated experience working with the housing investors, donors and other relevant stakeholders.

• Experience in affordable housing or infrastructure financing and investments.

• Experience designing financial models and financing structure.

• Strong analytical, and stakeholder engagement skills.

KNOWLEDGE AND SKILLS

• Leadership, teamwork, and creative problem-solving abilities.

• Ability to multi-task and prioritize under stressful circumstances.

• Syntax and redaction proficiency.

ADMINISTRATIVE INFORMATION

Interested consultants shall submit the following documentation:

• Curriculum Vitae

• Cover letter

Date to close is May 15, 2026 at 23:59 pm Korean Standard Time (May 15, 2026 at 10:59 am Atlantic Standard Time). Applications submitted after the deadline will not be considered.

The Application, Cover Letter, and CV must be sent in English. A consortium, or a firm will not be engaged for the individual consultant assignment.