Public-Private Partnership for Low-Cost Housing Investments
El Salvador has developed a unique and sustainable financial business model that enables low-income consumers to improve and expand their homes by mobilizing resources from both the public and private sectors, including commercial banks and multilateral institutions. These resources are subsequently channeled to microfinance institutions around the country, serving a market of low-income borrowers and homeowners who otherwise would be without access to credit.Central to this financing model is FONAVIPO, the state-owned National Low-Income Housing Fund. It acts as a second-tier financial lender to 55 microfinance institutions, including cooperatives and other nongovernmental organizations, which operate under a different set of rules compared with regulated, commercial banks. FONAVIPO also administers a government subsidy program that provides homeowners with grants of up to $3,000 to enable less affluent consumers to participate in the housing market.
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| Format: | Catalogs & Brochures biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Housing Finance, FONAVIPO;OMJ, |
| Online Access: | http://dx.doi.org/10.18235/0006263 https://publications.iadb.org/en/public-private-partnership-low-cost-housing-investments |
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dig-bid-node-169682024-05-30T15:24:43ZPublic-Private Partnership for Low-Cost Housing Investments 2010-01-01T00:00:00+0000 http://dx.doi.org/10.18235/0006263 https://publications.iadb.org/en/public-private-partnership-low-cost-housing-investments Inter-American Development Bank Housing Finance FONAVIPO;OMJ El Salvador has developed a unique and sustainable financial business model that enables low-income consumers to improve and expand their homes by mobilizing resources from both the public and private sectors, including commercial banks and multilateral institutions. These resources are subsequently channeled to microfinance institutions around the country, serving a market of low-income borrowers and homeowners who otherwise would be without access to credit.Central to this financing model is FONAVIPO, the state-owned National Low-Income Housing Fund. It acts as a second-tier financial lender to 55 microfinance institutions, including cooperatives and other nongovernmental organizations, which operate under a different set of rules compared with regulated, commercial banks. FONAVIPO also administers a government subsidy program that provides homeowners with grants of up to $3,000 to enable less affluent consumers to participate in the housing market. Inter-American Development Bank Inter American Development Bank Catalogs & Brochures application/pdf IDB Publications El Salvador en |
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Estados Unidos |
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Biblioteca Felipe Herrera del BID |
| language |
English |
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Housing Finance FONAVIPO;OMJ Housing Finance FONAVIPO;OMJ |
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Housing Finance FONAVIPO;OMJ Housing Finance FONAVIPO;OMJ Inter-American Development Bank Public-Private Partnership for Low-Cost Housing Investments |
| description |
El Salvador has developed a unique and sustainable financial business model that enables low-income consumers to improve and expand their homes by mobilizing resources from both the public and private sectors, including commercial banks and multilateral institutions. These resources are subsequently channeled to microfinance institutions around the country, serving a market of low-income borrowers and homeowners who otherwise would be without access to credit.Central to this financing model is FONAVIPO, the state-owned National Low-Income Housing Fund. It acts as a second-tier financial lender to 55 microfinance institutions, including cooperatives and other nongovernmental organizations, which operate under a different set of rules compared with regulated, commercial banks. FONAVIPO also administers a government subsidy program that provides homeowners with grants of up to $3,000 to enable less affluent consumers to participate in the housing market. |
| author2 |
Inter American Development Bank |
| author_facet |
Inter American Development Bank Inter-American Development Bank |
| format |
Catalogs & Brochures |
| topic_facet |
Housing Finance FONAVIPO;OMJ |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Public-Private Partnership for Low-Cost Housing Investments |
| title_short |
Public-Private Partnership for Low-Cost Housing Investments |
| title_full |
Public-Private Partnership for Low-Cost Housing Investments |
| title_fullStr |
Public-Private Partnership for Low-Cost Housing Investments |
| title_full_unstemmed |
Public-Private Partnership for Low-Cost Housing Investments |
| title_sort |
public-private partnership for low-cost housing investments |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0006263 https://publications.iadb.org/en/public-private-partnership-low-cost-housing-investments |
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AT interamericandevelopmentbank publicprivatepartnershipforlowcosthousinginvestments |
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1809107692407488512 |