Low-Income Housing Finance in Colombia

47 Pages Posted: 19 Oct 2011

See all articles by María Angélica Arbeláez

María Angélica Arbeláez

affiliation not provided to SSRN

Carolina Camacho

affiliation not provided to SSRN

Johanna Fajardo-Gonzalez

Independent Researcher; World Bank - Poverty and Equity Global Practice

Date Written: August 2011

Abstract

This paper explores the role played by policy instruments in access to housing finance by low-income households. It also analyzes the impact of housing credit and subsidies on both the quality of life and the quality of dwelling of the beneficiaries. Using the Quality of Life Surveys conducted in Colombia in 2003 and 2008, the study finds that policy instruments aimed at easing access of low-income households 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 were found to have had a significant impact on both the quality of dwelling and the quality of life. Therefore, this paper suggests promoting the use of both instruments by improving their design and targeting.

Suggested Citation

Arbeláez, María Angélica and Camacho, Carolina and Fajardo-Gonzalez, Johanna, Low-Income Housing Finance in Colombia (August 2011). IDB Working Paper No. IDB-WP-256, Available at SSRN: https://ssrn.com/abstract=1946141 or http://dx.doi.org/10.2139/ssrn.1946141

María Angélica Arbeláez

affiliation not provided to SSRN

Carolina Camacho

affiliation not provided to SSRN

No Address Available

Johanna Fajardo-Gonzalez

Independent Researcher ( email )

World Bank - Poverty and Equity Global Practice

1818 H Street NW
Washington, DC 20433
United States

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