The Housing of Good Intentions: The Naya Pakistan Housing Program
7 Pages Posted:
Date Written: January 7, 2020
This paper briefly seeks to identify the primary challenge facing the public value-creation efforts of the Naya Pakistan Housing Program (NPHP) as of 2019. The NPHP is an affordable housing project initiated by the Government of Pakistan to provide 5 million houses in five years. This paper highlights the legal-structural arrangements, favorable to borrowers but disfavorable to lending institutions, as the main dissuading factor to bank and non-bank financial institutions entering into public-private partnerships (PPPs) in the NPHP. The rationale for this and the counter-argument is explored, suggesting that public value trade-offs must be revisited in order to foster PPPs in the affordable housing segment.
Keywords: housing policy, housing, developing countries, emerging markets, Pakistan, PTI
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