Inclusive Housing Finance Program

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The project development objective of the Inclusive Housing Finance Program-for-Results is to improve the affordability of formal housing for low-income households in the Arab Republic of Egypt and to strengthen the Social Housing Fund's capacity to design policies and coordinate programs in the social housing sector. The SHF has the mandate to finance, manage and release social housing units using dedicated resources from multiple sources, and provide commercial and vocational services necessary for these housing projects to be sustainable. The SHF will work on improving the housing sector, through: (i) the consolidation and coordination of different housing entities, and social housing functions of the various agencies within and outside the Ministry; (ii) the introduction and formulation of legislation, decrees, regulations and procedures to support social housing, as well as the unification of existing ones; (iii) the development of new social housing programs for rental and ownership; and (iv) the improvement of the management systems for housing programs. The total number of Program beneficiaries is expected to reach more than 3.6 million individuals or close to 830,000 households with an average household size of 4.3 individuals. There are five key results areas linked to this project and are as follows: (1) strengthening governance and institutional set-up of the housing sector, (2) enhancing transparency and accountability of social housing programs, (3) improving access to affordable housing, (4) promoting well located social housing, and (5) promoting private sector participation in low-income housing.