Finance for Sustainable and Affordable Human Settlements Development
Day / Time Monday, June 19th / 14:00 - 16:00
Event Description
This networking event aims to explore and discuss the following issues and sub-topics: new approaches and trends in domestic finance for human settlements; sustainable financing for low-income housing and infrastructure development; affordable housing finance mechanisms; primary and secondary mortgage finance development; integrating informal and formal human settlements financing; innovative financing mechanisms and capacity building; strategies for developing sustainable and affordable human settlements finance mechanisms; housing microfinance; and related case studies.
Session Language
English
Speakers
L. Chiquier; & Raquel Szalachman
M. Lindfield; & Alejandro Florian
R. Struyk; & Eduardo Rojas
Other speakers: Father Emses Audax Nshalla
Host Organization
UN-HABITAT, UN-ECLAC
Host Organization Description
UN-HABITAT, among other activities, conducts both normative and operational activities in human settlements development and finance, which covers four main areas: • Analysing and evaluating housing and urban finance experiences, particularly affordable financing mechanisms; • Financing municipal services in a decentralized environment; • Promoting the institutional and policy development of housing and urban finance; • Developing finance strategies for the underserved poor people. UN-ECLAC, among other activities, identifies the capacity and limitations of municipalities in addressing low income and poverty issues. It examines the financing structure of municipalities in different countries, resources availability and management and implementation issues.
Report
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Title of Event: Name of Organisation: Date and time of the session: |
Finance for Sustainable and Affordable Human Settlements Development UN-HABITAT in collaboration with UN-ECLAC 19th June 2006; 14:00-16:00 PM |
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Key Highlights
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2. What were the core issues identified in your event as they relate to the theme and sub-themes of WUFIII? The core issues of housing finance are affordability, accessibility and sustainability, and macro stability. |
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3. What were the main points raised by panellists and participants in relation to these different issues? What new ideas have been generated as a result of the discussion? A number of affordable housing finance mechanisms are identified. Panellists presented real-life projects and experiences in promoting affordable and sustainable housing finance which reflects difference approaches adopted by financial institutions and housing organisations. Housing microfinance is the most recommended instrument for low income housing finance. The panellists from multi-lateral financial institutions stress the potential of contractual savings schemes and credit enhancement such as guarantees and credit insurance. It also emphasises the importance to adjust credit products to market realities such as the need to link long term credit to long-term funding instruments and to macro conditions. Discussions emphasize that security of tenure and land value are also instrumental in promoting housing investment and housing finance. |
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4. What process steps have been identified in your event that could help turn ideas into operational reality? Many ideas are practiced by the partner organisations. They are operational reality. The issue is how to replicate and modify these ideas and experiences in different conditions and contexts. |
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