Crédit Foncier du Cameroun was created by Decree No. 77/140 of 13 May 1977, within a context where Cameroon was experiencing remarkable economic development, with an annual average growth rate of about 10%.This growth resulted in a massive rural exodus towards big urban centres in search of employment. Meanwhile, in the main Cameroonian towns, the housing stock which is not structured proved to be quantitatively and qualitatively insufficient, to provide a satisfactory solution to this huge demand. Faced with this disturbing situation and in order to find a solution to this increased demand for housing, Government in 1977 created not only the Ministry of Housing and Town Planning (MINDUH) whose mission is to plan urban development, facilitate and boost the construction of modern towns and fill the housing gap, but also the Urban and Rural Land Development Authority (MAETUR), in charge of planning building plots, Crédit Foncier du Cameroun’s (CFC) mission is to finance, while the Cameroon Real Estate Company (SIC) in charge of construction was restructured.

Government’s response was therefore based on an operational institutional plan headed by MINDUH and comprising CFC, SIC and MAETUR.