HOUSING

closed

The objectives of the project are: (a) increased provision of affordable housing to middle and lower income groups; (b) improved sector policies leading to the development of a market-based housing development finance system; (c) a sound institutional framework for the sector, including a strengthened National Housing Corporation (NHC) and active participation by the private sector; and (d) increased long-term finance for housing for middle and lower income groups from the private finance sector. The project comprises: (a) financing for affordable land development undertaken by NHC and house construction by individual lot purchasers for about 400 lower and middle income households channelled through private banks; (b) technical assistance, training and equipment supporting improved systems and procedures for NHC; (c) off-site water supply improvements; (d) relocation of the Port Villa rubbish dump site and support for solid waste management; and (e) technical assistance and studies supporting policy formulation.