Financing Local Infrastructure: Housing...
Transcript of Financing Local Infrastructure: Housing...
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FACILITATED BY:
Government of Republic of KoreaEmbassy of Republic of Korea in TehranKorean Contractors Association in Iran
Financing Local Infrastructure:
Housing Finance
Juan Luis ArangoUrban Economy and Finance Branch
UN-Habitat
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How UN-Habitat, can support Iran’s Housing Finance
- Create financial schemes that reduce subsidies, are feasible (payable) for the beneficiaries
and attractive for the private sector
- Create a list of requirements (data, financial frameworks, legal frameworks, etc.) that make
a housing finance project feasible
- Provide advice to central and local governments for an efficient spending of their budget on
housing finance and related subsidies
- Support the design of investment schemes to pay for local infrastructure
- Links all of the above with Urban SDGs
- Design integral housing finance initiatives
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José Carlos MariáteguiGeographical Location
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José Carlos MariáteguiGeographical Location
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José Carlos MariáteguiSlum and Informal Settlement
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José Carlos MariáteguiProject Guidelines
Subsidy Minimization
Involve Private Sector
Adequate, Safe and Affordable Housing
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José Carlos MariáteguiBaseline and Investments
$ 12,350 PEN($ 3,732 USD)
$ 11,355 PEN($ 3,431 USD)
$ 5,539 PEN($ 1,674 USD)
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José Carlos MariáteguiScenarios
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José Carlos MariáteguiSolutions
Incremental Housing
Strengthen the Demand
Private Sector Incentives
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Housing FinanceCase Studies
NURCHA – South Africa
FGCMPI- Algeria
Maziko Houses Scheme- Malawi
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IranLessons Learned to be applied
Household SurveysNGO Support
3D mappingPrivate Sector Involvement
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Support Effective & Sustainable Municipal Finance
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The Continuum of Municipal Finance
at least 1-2 years
Time
Sources of Finance
Expand Revenues
Land Value Sharing
Managing Public Assess
Issue Bonds -Achieve Credit
Rating
at least 2-4 years
at least 3-5 years
Incremental
Incremental
Year 1 Year 2 Year 3 Year 4+
DomesticEndogenous
International Markets International
Investment Mechanism
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Government of Republic of KoreaEmbassy of Republic of Korea in Tehran
THANK YOU FOR YOUR ATTENTION
Financing Local Infrastructure:
Housing Finance
Juan Luis Arango [email protected]
Urban Economy and Finance Branch