Access to Affordable and Low-Income Housing in East Asia and the Pacific

Across the world, the housing sector plays a key role in local and national economies, and expanding access to housing can encourage more equitably shared economic growth. This report surveys current policy interventions designed to encourage affor...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Urban Study
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	ACCESS TO LAND ACCOUNTABILITY AFFORDABLE HOUSING APARTMENTS APPROPRIATE HOUSING BANKING SECTOR BANKS BARRIOS BORROWING BORROWING COSTS BUILDING MATERIALS CAPITAL COSTS CAPITAL MARKETS CAPITALS CENTRAL BANKS CITIES COMMUNES COMMUNITY DEVELOPMENT COMMUNITY GROUPS CONSOLIDATION COST OF HOUSING CRIME DEBT DISTRIBUTION OF INCOME DISTRICTS DORMITORIES DOWN PAYMENTS DWELLING DWELLING UNITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ELECTRICITY EMPLOYMENT EVICTION EXTERNALITIES FINANCIAL INSTITUTIONS FINANCIAL SERVICES FINANCING SOURCES GOVERNMENT HOUSING GROSS DOMESTIC PRODUCT HABITAT HOME OWNERSHIP HOMEOWNERS HOMES HOSTELS HOTELS HOUSEHOLDS HOUSING HOUSING AFFORDABILITY HOUSING AGENCIES HOUSING CONSTRUCTION HOUSING COSTS HOUSING DEMAND HOUSING DEVELOPMENT HOUSING DEVELOPMENTS HOUSING FINANCE HOUSING MARKET HOUSING MARKETS HOUSING NEEDS HOUSING POLICY HOUSING PRICES HOUSING PROJECTS HOUSING PROVISION HOUSING RIGHTS HOUSING STOCKS HOUSING SUPPLY HOUSING UNITS ILLEGAL SETTLEMENTS INCOME DISTRIBUTION INFLATION INFLATION RATES INFORMAL HOUSING INFORMAL SETTLEMENTS INHABITANTS INSURANCE INTEREST RATES INTERVENTION INTERVENTIONS LABOR MARKET LABOR MARKETS LAND DEVELOPMENT LAND TENURE LAND USE LAND USE POLICIES LARGE CITIES LEGISLATION LENDING INSTITUTIONS LICENSES LOCAL GOVERNMENT LOCAL GOVERNMENTS LOW COST HOUSING MANDATES MARKET VALUE MICROFINANCE MIGRATION MOBILITY MORTGAGE LENDING MORTGAGE LOANS MORTGAGES MUNICIPAL GOVERNMENTS MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENTS NEIGHBORHOOD OCCUPANCY PATTERNS OF URBAN GROWTH PAYMENT COLLECTION PER CAPITA INCOME POOR NEIGHBORHOODS POPULATION GROUPS POSITIVE EXTERNALITIES PRIVATE BANKING PRIVATE HOUSING PRIVATE SECTOR PRIVATE SECTOR HOUSING PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROPERTY OWNERSHIP PROPERTY RIGHTS PROPERTY TAXES PROVINCIAL GOVERNMENTS PUBLIC PUBLIC AGENCIES PUBLIC BENEFITS PUBLIC HEALTH PUBLIC HOUSING PUBLIC INVESTMENT PUBLIC SAFETY PUBLIC SECTOR PUBLIC SECTOR EMPLOYEES PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC TRANSIT PUBLIC TRANSPORTATION PUBLIC TRANSPORTATION SYSTEMS REGIONAL GOVERNMENTS RENTAL HOUSING RENTALS RENTING RENTS RESIDENCY RETIREMENT RETURN ON SALES RISK MANAGEMENT ROADS RURAL AREAS SAVINGS SAVINGS PROGRAMS SAVINGS RATES SAVINGS SCHEMES SETTLEMENT SETTLEMENT UPGRADING SETTLERS SEWAGE SHELTER SHELTERS SLUM SLUMS SQUATTER SQUATTER SETTLEMENTS SUBSIDIARY SUBSIDIZED HOUSING TAX TAX CREDITS TAX INCENTIVES TAX REVENUE TECHNICAL ASSISTANCE TOWNS TRAFFIC TRAFFIC CONGESTION TRANSPARENCY TRANSPORT URBAN AREA URBAN AREAS URBAN COMMUNITIES URBAN DEVELOPMENT URBAN DWELLERS URBAN HOUSING URBAN LAND URBAN PLANNING URBAN POOR URBAN POPULATION URBAN POPULATIONS URBAN POVERTY URBAN SERVICES URBANIZATION UTILITIES VACANT LAND VACANT PROPERTY VILLAGES ZONING
Online Access:	http://documents.worldbank.org/curated/en/2014/01/20479619/access-affordable-low-income-housing-east-asia-pacific http://hdl.handle.net/10986/21100

Description
Summary:	Across the world, the housing sector plays a key role in local and national economies, and expanding access to housing can encourage more equitably shared economic growth. This report surveys current policy interventions designed to encourage affordable housing in East Asia and the Pacific (EAP). The purpose of this report is to provide a general overview of the recent trends in urbanization and development in EAP and to consider different forms of government, market, and nonprofit actions that support housing affordability. It will also highlight key constraints and barriers that restrict the provision of low-cost housing in urban areas. Housing is important because it represents a significant household expenditure. The report assesses the strengths and limitations of affordable housing strategies used by different countries throughout EAP. This report offers broad conclusions that account for the broad social, political, and institutional variation among EAP countries; as such, these conclusions may well be applicable to more than one country context. The report also provides specific recommendations for improvement where existing interventions are new or have proven less successful. The report is divided into following chapters: chapter one gives introduction. Chapter two examines trends in urbanization rates, economic development, and inequality in order to introduce the need for high-quality, low-cost housing options. Chapter three examines EAP regional trends in urban housing affordability for owners and renters from select cities. Chapter four outlines future directions for affordable housing provision based on a comparative consideration of international best practices. Finally, chapter five surveys different affordable housing policies currently in place in EAP and summarizes their strengths and weaknesses.

Access to Affordable and Low-Income Housing in East Asia and the Pacific

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