HOUSNG SCTR I

closed

The First Housing Sector Project will support the Government in it's efforts to reform it's housing sector policies. More specifically, the project will include a package of policy improvements covering : (i) the establishment of national and provincial registries of potential beneficiaries; (ii) the introduction of new economical housing designs to lower unit costs; (iii) the relaxation of such standards that unduly restrict innovative and more economical housing designs; and (iv) the introduction of improved and standard bidding procedures. Further to this, the project will provide for : (v) the introduction of a new mortgage system to improve cost recovery; (vi) the promotion of savings to be applied as down payments; (vii) the establishment of explicit and transparent subsidies; and finally (viii) a line of credit directed to improving and rehabilitating substandard housing.