Publication:
Expanding Access to Housing Finance : Task 1. Business and Sustainability Plan for Affordable Housing Finance Pilot Projects

dc.contributor.authorMerrill, Sally
dc.contributor.authorKayiira, Duncan
dc.contributor.authorKalema, William
dc.date.accessioned2013-03-21T15:32:05Z
dc.date.available2013-03-21T15:32:05Z
dc.date.issued2009-07
dc.description.abstractThe objective of the First Initiative Project in Uganda is to expand the access of households to housing finance, especially modest and lower income households, by introducing new and innovative housing loan products, by introducing innovative loan products combined with affordable housing designs. The project has delivered two studies to the Bank of Uganda: i) a study addressing the financial and banking sector context for housing finance, liquidity and liquidity management, and the resultant potential for use of retail funds for mortgage lending; and ii) a feasibility study for housing finance pilots targeted at modest and lower income households, seeking to introduce innovative loan products combined with lower cost house design in a planned urban setting. This paper, business and sustainability plan for affordable housing finance pilot projects, provides supporting technical detail for the feasibility study for design of pilot projects for modest and lower income households, including the need for more liquidity for lenders involved in lending to lower income households. Two types of pilot projects have been developed: one for starter homes for modest income households and one for an incrementally built home for low-modest income households. The recommended loan products include a down-market or, mini-mortgage, for the starter home and microfinance for housing for the lower income group. The paper: (i) outlines technical details regarding house design and loan product specifications; (ii) recommends the technical assistance and regulatory changes deemed necessary to implement successful pilot; and (iii) provides a brief commentary on actions that would assist such pilots reach sustainability and scale.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/07/16420829/expanding-access-housing-finance-vol-1-2-task-one-business-sustainability-plan-affordable-housing-finance-pilot-projects
dc.identifier.urihttps://hdl.handle.net/10986/12826
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFORDABILITY
dc.subjectAFFORDABLE HOUSING
dc.subjectAFFORDABLE HOUSING FINANCE
dc.subjectAFFORDABLE HOUSING LOAN
dc.subjectASSET FINANCING
dc.subjectBALANCE SHEET
dc.subjectBANK LIQUIDITY
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBARRIER
dc.subjectBASIS POINTS
dc.subjectBORROWER
dc.subjectBUSINESS LOAN
dc.subjectBUSINESS LOANS
dc.subjectCAPITAL MARKET
dc.subjectCOLLATERAL
dc.subjectCONSTRUCTION
dc.subjectCONSTRUCTION FINANCE
dc.subjectCONVENTIONAL MORTGAGE
dc.subjectCONVENTIONAL MORTGAGES
dc.subjectCOST ESTIMATES
dc.subjectCREDIT ENHANCEMENT
dc.subjectCREDIT ENHANCEMENTS
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT HISTORY
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATES
dc.subjectDEVELOPMENT BANK
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDONOR FUNDS
dc.subjectDOWN PAYMENT
dc.subjectECONOMIES OF SCALE
dc.subjectEMERGING MARKETS
dc.subjectEVALUATION CRITERIA
dc.subjectEXPENDITURES
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFIXED RATE
dc.subjectFIXED RATE LOANS
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectHOME IMPROVEMENT
dc.subjectHOME IMPROVEMENT LOAN
dc.subjectHOME IMPROVEMENT LOANS
dc.subjectHOME IMPROVEMENTS
dc.subjectHOMEOWNERS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLDS
dc.subjectHOUSES
dc.subjectHOUSING FINANCE
dc.subjectHOUSING LENDING
dc.subjectHOUSING LOAN
dc.subjectHOUSING LOANS
dc.subjectIMMEDIATE ACCESS
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINNOVATIVE LOAN
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANKS
dc.subjectLAND DEVELOPMENT
dc.subjectLAND PARCELS
dc.subjectLAND TITLE
dc.subjectLAND TITLING
dc.subjectLAND USE
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLIMITED ACCESS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIQUIDITY FACILITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLOAN
dc.subjectLOAN AMOUNT
dc.subjectLOAN AMOUNTS
dc.subjectLOAN GUARANTEES
dc.subjectLOAN PAYMENTS
dc.subjectLOAN PRODUCT
dc.subjectLOAN PRODUCTS
dc.subjectLOAN RATE
dc.subjectLOAN SIZE
dc.subjectLOAN TERM
dc.subjectLOAN TERMS
dc.subjectMARKET ENTRY
dc.subjectMARKET LENDING
dc.subjectMAXIMUM LOAN AMOUNT
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICRO BUSINESS
dc.subjectMICRO-BUSINESS
dc.subjectMICRO-LOAN
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE LENDING
dc.subjectMICROFINANCE LOAN
dc.subjectMICROFINANCE LOANS
dc.subjectMORTGAGE
dc.subjectMORTGAGE BANKING
dc.subjectMORTGAGE FINANCE
dc.subjectMORTGAGE LENDERS
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOAN
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGE MARKET
dc.subjectMORTGAGE RATE
dc.subjectMORTGAGE RATES
dc.subjectMORTGAGES
dc.subjectNEW MARKET
dc.subjectPAYMENT TO INCOME RATIO
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPILOT LOAN
dc.subjectPORTFOLIO
dc.subjectRATE OF RETURN
dc.subjectREAL ESTATE
dc.subjectREAL ESTATES
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectREGIONAL BANKS
dc.subjectREGULATOR
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY STRUCTURE
dc.subjectREPAYMENT
dc.subjectRETAIL FUNDS
dc.subjectRISK PROFILE
dc.subjectRISK PROFILES
dc.subjectSALES AGREEMENT
dc.subjectSAVINGS
dc.subjectSAVINGS DEPOSIT
dc.subjectSAVINGS PRODUCTS
dc.subjectSHORT-TERM SAVING
dc.subjectSLUMS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTREASURIES
dc.subjectURBAN AREAS
dc.subjectURBAN HOUSING
dc.titleExpanding Access to Housing Finance : Task 1. Business and Sustainability Plan for Affordable Housing Finance Pilot Projectsen
dspace.entity.typePublication
okr.date.disclosure2012-06-25
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2009/07/16420829/expanding-access-housing-finance-vol-1-2-task-one-business-sustainability-plan-affordable-housing-finance-pilot-projects
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.externaldocumentum000333037_20120625012704
okr.identifier.internaldocumentum16420829
okr.identifier.report70297
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/25/000333037_20120625012704/Rendered/PDF/702970v10ESW0P00BUSINESS0PLAN0FINAL.pdfen
okr.region.administrativeAfrica
okr.region.countryUganda
okr.sectorHousing finance
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Housing Finance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitNon-Banking Financial Inst - WB (FCMNB)
okr.volume1 of 2
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