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Regional Project on Pro Poor Regional Project on Pro Poor Housing Finance in Asia- Housing Finance in Asia-

PacificPacific

A Compendium of Select CountriesA Compendium of Select CountriesConclusions and RecommendationsConclusions and Recommendations

By By Zaigham Mahmood RizviZaigham Mahmood Rizvi

April 20, 2010 DelhiApril 20, 2010 Delhi

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Recommendations:Recommendations:

• Creation of an Affordable Housing FundCreation of an Affordable Housing Fund

• Channeling Loans through Community Channeling Loans through Community Savings GroupsSavings Groups

• Strengthening of Laws related to Recovery Strengthening of Laws related to Recovery of Loansof Loans

• Need for Exclusive and Intermediate Need for Exclusive and Intermediate InstitutionsInstitutions

• Need for continuous Dialogue and Need for continuous Dialogue and DisseminationDissemination

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Recommendations Contd.Recommendations Contd.

Risk Mitigants:Risk Mitigants: # Credit Guarantee Programs, Mortgage Insurance# Credit Guarantee Programs, Mortgage Insurance # Title Insurance# Title Insurance # Credit Bureaus# Credit Bureaus # Alternative Forms of Collaterals# Alternative Forms of Collaterals # Mortgage Counseling and Consumer # Mortgage Counseling and Consumer EducationEducation # Technical Assistance for# Technical Assistance for Low cost construction Technologies and,Low cost construction Technologies and, Construction Materials Construction Materials

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Need to share common Need to share common wisdom and experiencewisdom and experience

• Issues are common, answers are different Issues are common, answers are different

• experiences are varied, very little experiences are varied, very little documented and nil shareddocumented and nil shared

• Low Cost Construction Technologies Low Cost Construction Technologies

• Low Cost Construction MaterialLow Cost Construction Material

• Builders with technical and financial muscle Builders with technical and financial muscle

• Promote Networking and Joint VenturesPromote Networking and Joint Ventures

• Long Term Funding, issues and answersLong Term Funding, issues and answers

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Need to share common Need to share common wisdom and experience Contd.wisdom and experience Contd.

• Product innovation and experiencesProduct innovation and experiences• Policy Initiatives and Programs in Policy Initiatives and Programs in

different countriesdifferent countries• Provision of Affordable Serviced Land, Provision of Affordable Serviced Land,

and Land Bankingand Land Banking• Housing Micro-Finance InstitutionsHousing Micro-Finance Institutions• Use and Abuse of Subsidies ( Smart Use and Abuse of Subsidies ( Smart

Subsidies vs Charities)Subsidies vs Charities)

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Pro Poor HousingPro Poor Housing

• Issues we know Answers we needIssues we know Answers we need• The Pro Poor Housing Initiative will lead us The Pro Poor Housing Initiative will lead us

to answersto answersThanks to:Thanks to:UN-ESCAP, UN-HABITAT, NHB, GHB, and UN-ESCAP, UN-HABITAT, NHB, GHB, and

everyone here contributing to this initiativeeveryone here contributing to this initiative

Asia- Pacific Union for Housing Asia- Pacific Union for Housing Finance Finance

will be the Delivery Platformwill be the Delivery Platform

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ThanksThanks

zaigham2r@yahoo.comzaigham2r@yahoo.com