HOUSING SECTOR

closed

The Project's objective is: (i) to support the Government's effort to address sector issues such as reducing and ultimately eliminating subsidies, increasing cost recovery, improving targeting, reviewing structural factors of the high cost of mortgage finance and assessing and implementing alternative sector policies. Another objective is: (ii) to generate employment in housing construction and help reactivate the economy. The project supports MINVU's ongoing housing programs. It consists of: (i) a package of policy improvements; (ii) the construction of about 68,000 houses under the Social Housing Program (SHP); and (iii) the provision of about 47,000 houses under the Allocated Subsidy Program (ASP). The project further includes: (iv) studies and other technical assistance to address key sector issues.