The World Bank Report No: ISR55 Implementation Status & Results Mexico Public Disclosure Copy Private Housing Finance Markets Strengthening Project (P112258) Operation Name: Private Housing Finance Markets Strengthening Project Project Stage: Implementation Seq.No: 5 Status: ARCHIVED Last Modified Date: 07-Jan-2011 (P112258) Country: Mexico Approval FY: 2009 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Specific Investment Loan Implementing Agency(ies): SHF - Sociedad Hipotecaria Federal S.N.C. Key Dates Board Approval Date 06-Nov-2008 Original Closing Date 30-Mar-2012 Planned Mid Term Review Date 14-Feb-2011 Last Archived ISR Date 18-May-2010 Effectiveness Date 25-Nov-2008 Revised Closing Date 30-Mar-2012 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) a) strengthening the financial capacity of SHF to stabilize mortgage markets in the short term and to expand mortgage access to lower income groups over the medium term; and b) improving SHF's technical capacity to expand access to mortgages over the medium-term. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Debt restructuring 1000.00 Technical Assistance 7.50 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Implementation Status Overview The project continues to make progress towards achievement of the PDO. Results Page 1 of 4 The World Bank Report No: ISR55 Project Development Objective Indicators Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Number of housing solutions delivered per year. 750,000 (per annum) 850,000 (January - October 2010) 1,000,000 (per annum) Date Date Date 31-Dec-2007 28-Oct-2010 31-Dec-2008 Type Unit of Measure Comment Comment Comment Custom Indicator Text Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Short-term debt as a share of total liabilities 30% 21% 20% (ordinary market conditions) Date Date or 35% (extra-ordinary market 17.6 percent (target was 20 % during "normal" times and 35% in conditions) "extraordinary" conditions, which in fact, are still prevailing) 30-Jun-2008 30-Jun-2010 Date Type Unit of Measure Comment Comment 30-Oct-2013 Custom Indicator Text Comment Indicator Baseline Current End Target Indicator Name Value Value Value Percentage of support to housing finance that goes to households 75% (during previous 12 months) 86% (during previous 12 months) 76% (during previous 12 months) earning between 1 - 6 MW (includes support via mortgages and Date Date Date microcredits) (measured in number of loans) 30-Jun-2008 30-Jun-2010 30-Oct-2013 74% (May 2009) (target was Comment Comment Comment Public Disclosure Copy Type Unit of Measure Custom Indicator Text Indicator Baseline Current End Target Indicator Name Value Value Value Total amount of financial support provded by SHF to private sector MX$ 20,700 million (during MX$ 7,031 million MX$ 23,000 million (during intermediaries (includes loans to primary market, secondary market previous 12 months) previous 12 months) Date purchases, liquidity lines) Date 30-Jun-2010 Date Type Unit of Measure 30-Jun-2008 Comment 30-Oct-2013 Custom Indicator Text Comment Comment Page 2 of 4 The World Bank Report No: ISR55 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Number of micro-credits supported by SHF during previous 12 months 73,903 51170 84,000 Date Date Date 30-Jun-2008 26-Feb-2010 03-Sep-2014 Type Unit of Measure Comment Comment Comment Custom Indicator Text Indicator Baseline Current End Target Indicator Name Value Value Value Volume of Bank Support: Institutional Development - Microfinance 202000000.00 202000000.00 Date Date Date 22-Jul-2009 30-Mar-2012 Type Unit of Measure Comment Comment Comment Core Indicator Amount(USD) Data gathered from retrofit exercise Indicator Baseline Current End Target Indicator Name Value Value Value No of active loan accounts -Microfinance 68818.00 84000.00 Date Date Date 22-Jul-2009 30-Mar-2012 Type Unit of Measure Comment Comment Comment Core Indicator Number Value represents number of Value represents number of borrowers. Number of loan borrowers. Number of active loan accounts is not available. accounts is not available. Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Percentage of project-supported institutions that are reporting on this indicator Type Unit of Measure Sub-Type Core Indicator Percentage Supplemental Data on Financial Performance (as of 22-Dec-2010) Financial Agreement(s) Key Dates Page 3 of 4 The World Bank Report No: ISR55 Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P112258 IBRD-76140 Effective 06-Nov-2008 11-Nov-2008 25-Nov-2008 30-Mar-2012 Public Disclosure Copy Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P112258 IBRD-76140 Effective USD 1,010.00 1,010.00 0.00 1,004.97 5.03 100.00 Disbursement Graph Key Decisions Regarding Implementation Mid term review has been tentatively scheduled for February 2011. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Page 4 of 4