1. 28 th May 2015 Waqas ul Hasan UK’s Department for International Development Role of Multi/Bi-laterals in Promoting Affordable Housing in Developing Economies

2. Presentation Overview 1Nature of the Problem 2The effect of cost reduction levers 3Main themes for improving access to house financing 4Examples of DFID programmes in Palestine and India 5Emerging Avenues for Multi/Bilateral Engagement in Pakistan

6. Palestine – Affordable Mortgage and Loan Corporation (AMAL) DFID – First loss grant: £13.33m to support the provision of long- term mortgages – TA and buyer awareness £1.0m Leveraged $500m (OPIC, IFC, BOP, CAB) On-lending for 30,000 housing units

7. India - Affordable Housing in Poor States Partner – National Housing Bank DFID funding – £25m LoC for housing developers – £15m LoC for housing finance companies for low income household – £5m each for TA & Innovation Results – 12 PPP projects – £80m leveraged – 17,000 housing units – £27,000 jobs

8. Source: UN MDG Indicators

9. Emerging Avenues for Multi/Bi-lateral Engagement in Pakistan Mortgage Refinance Company Real Estate Investment Trusts Land titling, records and property dispute resolution Micro-financing for Incremental Housing Technical Assistance for better regulatory and institutional architecture of house financing (e.g. rating of housing projects) Innovation (e.g. Green building technologies)

10. Thank You!