Background and objectives
The development of home credit for low-income people is a top priority for the Colombian Government and is part of their poverty reduction strategy. The government has operated a well funded subsidy programme to address the housing needs of low income families but this has only experienced a 50 per cent take up due to inability of low income families to fund the gap between the subsidy and cost of purchase of a low-cost residential unit.
The main activities included:
- Training workshop on mortgage credit and microcredit
- Conference on the State of Social Housing in Colombia.
- Three Expert Group Meetings
- Seminar on The constitution of 1991 and financing social housing.
- Coordination of the National Superior Housing Council (CSV)
- Inputs provided to the drafting of the National Development Plan.
The results achieved were:
- Update of the principal tools for social housing policy related to microcredit
- Cost analysis of originating and managing mortgage credits for social housing
- Evaluation and assessment of tools to support social housing development
- Evaluation of programmed savings for social housing credits
- Characterization of real estate markets for rental housing for urban poor
- Update of guarantee for social housing and the National Guarantee Fund (FNG)”
- “Constitutional framework for economic decisions: Case of financing social housing in Colombia
- Economic cycle of the construction sector in Colombia
- Incomes and housing for all – general equilibrium, economic cycles and capitalization of the poor
- Analysis of the UPAC system and housing finance models
- Constitutional policies for housing in Colombia
- Modifications of juridical precedents and the autonomy of territorial entities