World Bank2015-01-062015-01-062014https://hdl.handle.net/10986/21100Across the world, the housing sector plays a key role in local and national economies, and expanding access to housing can encourage more equitably shared economic growth. This report surveys current policy interventions designed to encourage affordable housing in East Asia and the Pacific (EAP). The purpose of this report is to provide a general overview of the recent trends in urbanization and development in EAP and to consider different forms of government, market, and nonprofit actions that support housing affordability. It will also highlight key constraints and barriers that restrict the provision of low-cost housing in urban areas. Housing is important because it represents a significant household expenditure. The report assesses the strengths and limitations of affordable housing strategies used by different countries throughout EAP. This report offers broad conclusions that account for the broad social, political, and institutional variation among EAP countries; as such, these conclusions may well be applicable to more than one country context. The report also provides specific recommendations for improvement where existing interventions are new or have proven less successful. The report is divided into following chapters: chapter one gives introduction. Chapter two examines trends in urbanization rates, economic development, and inequality in order to introduce the need for high-quality, low-cost housing options. Chapter three examines EAP regional trends in urban housing affordability for owners and renters from select cities. Chapter four outlines future directions for affordable housing provision based on a comparative consideration of international best practices. Finally, chapter five surveys different affordable housing policies currently in place in EAP and summarizes their strengths and weaknesses.en-USCC BY 3.0 IGOACCESS TO LANDACCOUNTABILITYAFFORDABLE HOUSINGAPARTMENTSAPPROPRIATE HOUSINGBANKING SECTORBANKSBARRIOSBORROWINGBORROWING COSTSBUILDING MATERIALSCAPITAL COSTSCAPITAL MARKETSCAPITALSCENTRAL BANKSCITIESCOMMUNESCOMMUNITY DEVELOPMENTCOMMUNITY GROUPSCONSOLIDATIONCOST OF HOUSINGCRIMEDEBTDISTRIBUTION OF INCOMEDISTRICTSDORMITORIESDOWN PAYMENTSDWELLINGDWELLING UNITSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC POLICIESELECTRICITYEMPLOYMENTEVICTIONEXTERNALITIESFINANCIAL INSTITUTIONSFINANCIAL SERVICESFINANCING SOURCESGOVERNMENT HOUSINGGROSS DOMESTIC PRODUCTHABITATHOME OWNERSHIPHOMEOWNERSHOMESHOSTELSHOTELSHOUSEHOLDSHOUSINGHOUSING AFFORDABILITYHOUSING AGENCIESHOUSING CONSTRUCTIONHOUSING COSTSHOUSING DEMANDHOUSING DEVELOPMENTHOUSING DEVELOPMENTSHOUSING FINANCEHOUSING MARKETHOUSING MARKETSHOUSING NEEDSHOUSING POLICYHOUSING PRICESHOUSING PROJECTSHOUSING PROVISIONHOUSING RIGHTSHOUSING STOCKSHOUSING SUPPLYHOUSING UNITSILLEGAL SETTLEMENTSINCOME DISTRIBUTIONINFLATIONINFLATION RATESINFORMAL HOUSINGINFORMAL SETTLEMENTSINHABITANTSINSURANCEINTEREST RATESINTERVENTIONINTERVENTIONSLABOR MARKETLABOR MARKETSLAND DEVELOPMENTLAND TENURELAND USELAND USE POLICIESLARGE CITIESLEGISLATIONLENDING INSTITUTIONSLICENSESLOCAL GOVERNMENTLOCAL GOVERNMENTSLOW COST HOUSINGMANDATESMARKET VALUEMICROFINANCEMIGRATIONMOBILITYMORTGAGE LENDINGMORTGAGE LOANSMORTGAGESMUNICIPAL GOVERNMENTSMUNICIPAL SERVICESMUNICIPALITIESNATIONAL GOVERNMENTSNEIGHBORHOODOCCUPANCYPATTERNS OF URBAN GROWTHPAYMENT COLLECTIONPER CAPITA INCOMEPOOR NEIGHBORHOODSPOPULATION GROUPSPOSITIVE EXTERNALITIESPRIVATE BANKINGPRIVATE HOUSINGPRIVATE SECTORPRIVATE SECTOR HOUSINGPRIVATE SECTOR PARTICIPATIONPRIVATIZATIONPROPERTY OWNERSHIPPROPERTY RIGHTSPROPERTY TAXESPROVINCIAL GOVERNMENTSPUBLICPUBLIC AGENCIESPUBLIC BENEFITSPUBLIC HEALTHPUBLIC HOUSINGPUBLIC INVESTMENTPUBLIC SAFETYPUBLIC SECTORPUBLIC SECTOR EMPLOYEESPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC TRANSITPUBLIC TRANSPORTATIONPUBLIC TRANSPORTATION SYSTEMSREGIONAL GOVERNMENTSRENTAL HOUSINGRENTALSRENTINGRENTSRESIDENCYRETIREMENTRETURN ON SALESRISK MANAGEMENTROADSRURAL AREASSAVINGSSAVINGS PROGRAMSSAVINGS RATESSAVINGS SCHEMESSETTLEMENTSETTLEMENT UPGRADINGSETTLERSSEWAGESHELTERSHELTERSSLUMSLUMSSQUATTERSQUATTER SETTLEMENTSSUBSIDIARYSUBSIDIZED HOUSINGTAXTAX CREDITSTAX INCENTIVESTAX REVENUETECHNICAL ASSISTANCETOWNSTRAFFICTRAFFIC CONGESTIONTRANSPARENCYTRANSPORTURBAN AREAURBAN AREASURBAN COMMUNITIESURBAN DEVELOPMENTURBAN DWELLERSURBAN HOUSINGURBAN LANDURBAN PLANNINGURBAN POORURBAN POPULATIONURBAN POPULATIONSURBAN POVERTYURBAN SERVICESURBANIZATIONUTILITIESVACANT LANDVACANT PROPERTYVILLAGESZONING10.1596/21100