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 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.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014
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 https://hdl.handle.net/10986/21100
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