HF Group (Formerly Housing Finance Company of Kenya) was incorporated on 1965 and is the premier mortgage Finance Institution in Kenya licensed under the Banking Act. Housing Finance Company of Kenya took over the Kenyan branch of the First Permanent Building society, a company registered in Zambia, (then Northern Rhodesia) with operations in Malawi, Tanzania, Uganda and Kenya. The entity was owned jointly between the Commonwealth Development Corporation (CDC) who owned 60% equity and the Government of Kenya who owned 40%.

The HF Group started operations in 1966 with the main objective of implementing the government’s policy of promoting thrift and home ownership. This was to be achieved by providing savings and mortgage facilities to the Kenyan public. The company filled the vacuum created by the demise of the Permanent Building Society’s operations in Kenya and quickly responded to the growing demand from indigenous Kenyans to become individual homeowners. By the end of its first year of business, 34 applications had been considered and approximately Kshs. 400,000.00 advanced to successful applicants.