Low%2DIncome%20Housing%20Finance%20in%20Colombia

Working Papers

Low-Income Housing Finance in Colombia


CODE: IDB-WP-256
AUTHOR(s): Arbelaez, Maria Angelica , Camacho, Carolina , Fajardo, Deisy Johanna
PUBLISHED: August 2011
LANGUAGE: English
RELATED TOPICS: Microeconomics
DOWNLOAD FILE IN: English

Abstract:

Using the Quality of Life Surveys conducted in Colombia in 2003 and 2008, this study finds that policy instruments aimed at easing low-income households’ access to affordable housing such as subsidies and loan guarantees have played a modest role in increasing the use of mortgages as a source of funding. Despite this, subsidies have had a significant impact on both the quality of dwelling and the quality of life of the beneficiaries. Therefore, this paper suggests promoting the use of both instruments by improving their design and targeting.

Related Research by JEL Codes:
(or click here to find research by JEL Codes)
  • Are Uruguayan Housing Policies Reaching the Poor? An Assessment of Housing Deficit, Housing Informality and Usage of Housing Programs in Uruguay
    Technical Notes
    IDB-TN-278 - September 2011

    This document surveys the Uruguayan housing market, first describing the main housing programs and policies, then comparing their design with households’ characteristics and needs. It additionally measures Uruguay’s housing deficit using the basis deficit as well as quantitative and qualitative deficits and provides a definition of housing informality that captures most irregular housing situation ... (View publication)

  • Argentina`s Housing Market in the 2000s
    Working Papers
    IDB-WP-262 - September 2011

    This study analyzes the main drivers of Argentina’s housing market, including demand and tenure choice, and relates them to the macroeconomic environment in order to advance a policy agenda for housing policy reform. Structural characteristics of the market include the high concentration of the urban population in a few large cities, the association of urban poverty with the housing deficit, and o ... (View publication)

  • Tacit Collusion in the Santiago Housing Market
    Working Papers
    IDB-WP-260 - July 2011

    This paper tests the extent of competition in the housing market in Santiago, Chile using a two-step methodology. In the first step, using a hedonic price model, the Santiago housing market is divided into sub-markets, which are analyzed separately. The second step is the tacit collusion test itself, which compares the industry markup with the business cycle in each sub-market using panel data reg ... (View publication)

Hello, Welcome to the IDB!

Please join our mailing list by simply entering your email below.