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Economic & Sector Work :: Other Urban Study

Egypt - Next Step Recommendations for Affordable Housing Policy and the National Housing Program : Mortgaged-Linked Subsidies and Housing Supply considerations

ACCESS TO MORTGAGE ACCOUNTING AFFORDABILITY AFFORDABLE HOUSING AFFORDABLE HOUSING LOAN BALANCE SHEETS BENEFICIARIES BENEFICIARY BORROWING BROKER BUILDING CODES BUILDING INDUSTRY CAPITAL GAINS CAPITAL RETURNS CASH PAYMENT CENTRAL BANK CENTRAL BANK OF EGYPT COLLATERAL CONCESSIONARY RATES CONTRACTUAL SAVINGS COOPERATIVES CORPORATE GOVERNANCE COST OF HOUSING CREDIT POLICY CREDIT PRODUCT CREDIT RISK CREDITS CURRENCY DECENTRALIZATION DEMOGRAPHIC DEPOSIT DESCRIPTION DEVELOPMENT BANK DISABLED DIVERSIFICATION DOWN PAYMENT DOWN PAYMENTS EARNINGS ECONOMIES OF SCALE ELIGIBILITY CRITERIA ELIGIBLE BORROWERS EMPLOYMENT ENDOWMENTS ENTREPRENEUR EQUITABLE ACCESS ESCROW ACCOUNT EVICTION EXCHANGE RATE EXPOSURE FACILITATION FAMILIES FEMALE FINANCE COMPANIES FINANCE COMPANY FINANCES FINANCIAL ADVISOR FINANCIAL ASSISTANCE FINANCIAL BURDEN FINANCIAL CAPACITY FINANCIAL COST FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SERVICES FIXED RATE FIXED RATE LOANS FLOW OF FUNDS GOVERNMENT HOUSING GOVERNMENT SUBSIDY GRACE PERIOD GREATER ACCESS HARMONIZATION HOLDING HOLDING COMPANY HOME IMPROVEMENTS HOME OWNERSHIP HOMEOWNERSHIP HOMES HOUSEHOLD ACCESS HOUSEHOLD INCOME HOUSEHOLDS HOUSES HOUSING AFFORDABILITY HOUSING DEMAND HOUSING DEVELOPMENT HOUSING FINANCE HOUSING MARKET HOUSING MARKETS HOUSING NEEDS HOUSING POLICY HOUSING PROGRAMS HOUSING SUBSIDIES HOUSING SUBSIDY HOUSING SUPPLY HOUSING UNITS IMPLEMENTATION STRATEGIES INCOME GROUPS INCOMES INFLATION INFLATIONARY EXPECTATIONS INFORMAL HOUSING INFORMAL SETTLEMENTS INFORMATION SYSTEM INSTALLMENT INSTALLMENTS INSTRUMENT INSURANCE PREMIUMS INTEREST RATE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERVENTION INTERVENTIONS INVESTMENT BANK LAND DEVELOPMENT LAND HOLDINGS LAND ISSUES LAND MARKET LAND PARCELS LAND PRICES LAND PRICING LAND USE LAWS LENDERS LIVING CONDITIONS LOAN AMOUNT LOAN AMOUNTS LOAN PRODUCTS LOAN SIZE LONG-TERM MORTGAGE LOW-INCOME FAMILIES MARKET CONDITIONS MARKET CONSTRAINTS MARKET DEVELOPMENT MARKET EXPANSION MARKET FAILURES MARKET INEFFICIENCIES MARKET INTEREST MARKET INTEREST RATE MARKET INTEREST RATES MARKET PRICE MARKET REGULATION MARKET REGULATIONS MARKET SEGMENTATION MARKET TRENDS MARKET VALUE MAXIMUM LOAN AMOUNT MICRO-LOANS MORTGAGE MORTGAGE CREDIT MORTGAGE FINANCE MORTGAGE FINANCES MORTGAGE INSTRUMENTS MORTGAGE INSURANCE MORTGAGE LAW MORTGAGE LENDERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE RATES MORTGAGES NATIONAL BANK NATIONAL INVESTMENT NEGATIVE AMORTIZATION NEIGHBORHOOD NEIGHBORHOODS NEW PRODUCT NEW TOWNS OPEN MARKET OPPORTUNITY COST PHYSICAL PLANNING PORTFOLIO PRESENT VALUE PRICE CAPS PRIVATE BANKS PRIVATE HOUSING PRIVATE MARKET PRIVATE MORTGAGE PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR LENDERS PROPERTY RIGHTS PUBLIC BANKS PUBLIC HOUSING PUBLIC LENDERS PUBLIC SUBSIDIES PUBLIC SUBSIDY PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER REAL ESTATE REGISTRATION PROCESS REGULATOR REGULATORY FRAMEWORK RENT CONTROL RENTAL HOUSING RENTALS RENTS REPAYMENT REPAYMENTS RISK MANAGEMENT RISK SHARING SAFETY SAFETY NET SAVINGS SAVINGS SCHEMES SELF-HELP SETTLEMENT SETTLEMENT UPGRADING SETTLEMENTS SHELTER SLUM SLUMS SMALL LOAN SOFT LOAN SUBSIDIZATION SUBSIDIZED HOUSING SUBSIDY COSTS SURCHARGES SUSTAINABLE DEVELOPMENT TAX TAX EXEMPTIONS TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRANSACTION TRANSACTION COST TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSPARENCY TRANSPORT TURNOVER URBAN AREA URBAN AREAS URBAN COMMUNITIES URBAN DEVELOPMENT URBAN HOUSING VOUCHER VOUCHERS VULNERABLE GROUPS VULNERABLE HOUSEHOLDS ZONING
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Washington, DC
Middle East and North Africa | Middle East and North Africa | Egypt, Arab Republic of
2012-06-13T21:12:18Z | 2012-06-13T21:12:18Z | 2008-06

At the request of the Government of Egypt (GOE), the objective of this brief note is to provide concise recommendations on next steps for the National Housing Program (NHP). These recommendations and policy analysis are an elaboration of the framework for housing policy reform in urban areas in Egypt, a draft of which was endorsed by the Ministry of Housing, Utilities and Urban Development (MHUUD) and the Ministry of Investment (MOI) in the high-level policy workshop held in September 2007. The Framework, an evolving strategy building blocks document, proposed a set of comprehensive housing sector reforms and improvements to the NHP consisting of five action channels - unlocking the vacant housing stock, creating a fluid rental market, enhancing affordability through improved access to housing finance and reduction of formal housing supply cost, improved targeting of subsidies, and transforming the government's role into an enabler of the housing market. During the Ministerial workshop in September 2007, it was agreed that the four priority actions were: (i) the design and implementation of a housing information system; (ii) mainstreaming the use of demand-based mortgage-linked subsidy instruments; (iii) set up of a high-level housing policymaking body to coordinate and rationalize the interventions of the different concerned stakeholders; and (iv) expansion of the Housing Demand Study to other areas of Egypt. United States Agency for International Development or USAID Second Technical Assistance for Policy Reform, or TAPRII has completed the design of the housing information system and has made significant progress in the expansion of the housing demand survey. The World Bank's technical assistance to the GOE, reflected in this note and follow up work, focused on strengthening the housing policymaking process and subsidy policy and expanding the mortgage linked subsidy program.

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