1 Regional Project on Pro Poor Housing Finance in Asia- Pacific A Compendium of Select Countries Conclusions and Recommendations By Zaigham Mahmood Rizvi April 20, 2010 Delhi

2 Recommendations: Creation of an Affordable Housing Fund Creation of an Affordable Housing Fund Channeling Loans through Community Savings Groups Channeling Loans through Community Savings Groups Strengthening of Laws related to Recovery of Loans Strengthening of Laws related to Recovery of Loans Need for Exclusive and Intermediate Institutions Need for Exclusive and Intermediate Institutions Need for continuous Dialogue and Dissemination Need for continuous Dialogue and Dissemination

3 Recommendations Contd. 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 Education Education # Technical Assistance for # Technical Assistance for Low cost construction Technologies and, Low cost construction Technologies and, Construction Materials Construction Materials

4 Need to share common wisdom and experience Issues are common, answers are different Issues are common, answers are different experiences are varied, very little documented and nil shared experiences are varied, very little documented and nil shared Low Cost Construction Technologies Low Cost Construction Technologies Low Cost Construction Material Low Cost Construction Material Builders with technical and financial muscle Builders with technical and financial muscle Promote Networking and Joint Ventures Promote Networking and Joint Ventures Long Term Funding, issues and answers Long Term Funding, issues and answers

5 Need to share common wisdom and experience Contd. Product innovation and experiences Product innovation and experiences Policy Initiatives and Programs in different countries Policy Initiatives and Programs in different countries Provision of Affordable Serviced Land, and Land Banking Provision of Affordable Serviced Land, and Land Banking Housing Micro-Finance Institutions Housing Micro-Finance Institutions Use and Abuse of Subsidies ( Smart Subsidies vs Charities) Use and Abuse of Subsidies ( Smart Subsidies vs Charities)

6 Pro Poor Housing Issues we know Answers we need Issues we know Answers we need The Pro Poor Housing Initiative will lead us to answers The Pro Poor Housing Initiative will lead us to answers Thanks to: UN-ESCAP, UN-HABITAT, NHB, GHB, and everyone here contributing to this initiative Asia- Pacific Union for Housing Finance Asia- Pacific Union for Housing Finance will be the Delivery Platform will be the Delivery Platform

7 Thanks