Publication:
Mexico - Low Income Housing : Issues and Options, Volume 1. Main Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-27T14:46:53Z
dc.date.available2013-08-27T14:46:53Z
dc.date.issued2002-09-16
dc.description.abstractThis report evaluates the shortcomings of current housing policies, and provides a framework for analysis of alternative policies. Its message is threefold: First, housing has a significant role in terms of basic social support, where the housing unit is a source of capital accumulation, thus a key to expanding Mexico's middle class, from a minority to a majority. Second, the country is facing a two-tiered housing market, those that can afford formal housing, and the near majority who are not served by current federal programs. Third, the housing finance system has amalgamated into multiple institutions, with unclear accountability, and divergent criteria for subsidized credit. The report further reviews the significant challenges facing housing demand, supply, and government intervention, stating that in the absence of viable alternatives, many Mexicans households are under-housed, and suffer from insecure tenure, crowding, and poor quality of housing. This weakness exacerbates poverty, by limiting capital formation, and the role of shelter in improving the asset base of the poor, and, adversely impacts the national economy. The country requires a substantial program of support for low-income housing over the next two decades. In the formal market, reform is necessary to increase effectiveness of current programs so as to open the market to a wider range of private mortgage originators, and investors. And, given the limited fiscal capacity, trade-offs between the scope and depth of support to different segments of the market must be made. Public financial support to the middle market should be incrementally withdrawn, and focused more directly to the poor, requiring a coordinated strategy among public and quasi-public housing agencies to strengthen the market, where a major role for the new Housing Commission would be to oversee implementation of such strategy. Moreover, demand-side subsidies are necessary to support the poor, as well as norms and practices adjusted to foster progressive housing.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/09/2017565/mexico-low-income-housing-issues-options-vol-1-2-main-report
dc.identifier.doi10.1596/15366
dc.identifier.urihttps://hdl.handle.net/10986/15366
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectHOUSING FINANCE
dc.subjectLOW-INCOME HOUSING
dc.subjectPOLICY FRAMEWORK
dc.subjectHOUSING AFFORDABILITY
dc.subjectCAPITAL ACCUMULATION
dc.subjectMIDDLE INCOME
dc.subjectHOUSING MARKET
dc.subjectFEDERAL FUNDS MARKETS
dc.subjectSUBSIDIZED HOUSING PROGRAMS
dc.subjectDEMAND-SIDE FINANCING
dc.subjectHOUSING TENANTS
dc.subjectHOUSING QUALITY STANDARDS
dc.subjectREFORM POLICY
dc.subjectOPEN MARKET OPERATIONS
dc.subjectMORTGAGE MARKETS
dc.subjectINVESTOR PROTECTION
dc.subjectFISCAL CONSTRAINTS
dc.subjectPUBLIC FINANCE
dc.subjectHOUSING FOR THE POOR
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectSUBSIDIES ACCOUNTABILITY
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOWS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCONSOLIDATION
dc.subjectCONSTRUCTION
dc.subjectCREDIT RISK
dc.subjectDECENTRALIZATION
dc.subjectDEPOSITS
dc.subjectELECTRICITY
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRACTICE
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICIES
dc.subjectFISCAL YEAR
dc.subjectFORECLOSURES
dc.subjectGARBAGE COLLECTION
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectHOME EQUITY
dc.subjectHOMEOWNERSHIP
dc.subjectHOUSES
dc.subjectHOUSING
dc.subjectHOUSING DEMAND
dc.subjectHOUSING FINANCE
dc.subjectHOUSING FINANCE SECTOR
dc.subjectHOUSING FINANCE SYSTEM
dc.subjectHOUSING INDICATORS
dc.subjectHOUSING LOANS
dc.subjectHOUSING MARKETS
dc.subjectHOUSING POLICIES
dc.subjectHOUSING PRICES
dc.subjectHOUSING SUBSIDIES
dc.subjectHOUSING SUPPLY
dc.subjectINFLATION
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL FINANCE
dc.subjectLABOR UNIONS
dc.subjectLAND DEVELOPMENT
dc.subjectLAND PRICES
dc.subjectLAND SUPPLY
dc.subjectLAND TAXES
dc.subjectLARGE CITIES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMBS
dc.subjectMETROPOLITAN AREAS
dc.subjectMORTGAGE
dc.subjectMORTGAGE FINANCE
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGE MARKET
dc.subjectMORTGAGES
dc.subjectMUNICIPAL GOVERNMENT
dc.subjectMUNICIPAL INFRASTRUCTURE
dc.subjectMUNICIPAL SERVICES
dc.subjectMUNICIPALITIES
dc.subjectPENSION FUNDS
dc.subjectPORTFOLIO PERFORMANCE
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE HOUSING
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC HOUSING
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVOLVEMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICES
dc.subjectREAL ESTATE
dc.subjectREGULATORY FRAMEWORK
dc.subjectRENTAL HOUSING
dc.subjectRENTS
dc.subjectRESOURCE MOBILIZATION
dc.subjectRISK MANAGEMENT
dc.subjectROADS
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIME DEPOSITS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectURBAN DEVELOPMENT
dc.subjectURBAN INFRASTRUCTURE
dc.subjectURBAN MANAGEMENT
dc.subjectURBAN SERVICES
dc.subjectURBANIZATION
dc.subjectWAGES
dc.titleMexico - Low Income Housing : Issues and Options, Volume 1. Main Reporten
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T08:40:24.682365Z
okr.docurlhttp://documents.worldbank.org/curated/en/2002/09/2017565/mexico-low-income-housing-issues-options-vol-1-2-main-report
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid373571468753262251
okr.guid153551468774588221
okr.identifier.externaldocumentum000094946_02100204010961
okr.identifier.internaldocumentum2017565
okr.identifier.report22534
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/10/12/000094946_02100204010961/Rendered/PDF/multi0page.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryMexico
okr.sectorPublic Administration, Law, and Justice :: Sub-national government administration
okr.sectorFinance :: Housing finance and real estate markets
okr.topicPublic Sector Economics and Finance
okr.topicUrban Development::Urban Economics
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Housing Finance
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicPublic Sector Development
okr.unitUrban (LCSUW)
okr.volume1 of 2
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