The World Bank Report No: ISR5461 Implementation Status & Results Mexico Private Housing Finance Markets Strengthening Project (P112258) Public Disclosure Copy Operation Name: Private Housing Finance Markets Strengthening Project Project Stage: Implementation Seq.No: 7 Status: ARCHIVED Archive Date: (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 13-Aug-2011 Effectiveness Date 25-Nov-2008 Revised Closing Date 30-Mar-2012 Actual Mid Term Review Date 24-Feb-2011 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 Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview Significant progress has been made by the project, in particular to support the expansion of housing finance for low income/informally-employed households. Other areas of improvement include strengthening of the supervision and monitoring of financial institutions and increased access to analytic tools for the secondary market Locations No Location data has been entered Page 1 of 4 The World Bank Report No: ISR5461 Results Project Development Objective Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Number of housing solutions delivered per Text Value 750,000 (per annum) 712,814 1,000,000 (per annum) year. Date 31-Dec-2007 30-Sep-2011 30-Mar-2012 Comments (Includes Jan-Sep 2011) Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Short-term debt as a share of total liabilities Text Value 30% 23.54 20% (ordinary market conditions) or 35% (extra- 17.6 percent (target was 20 % during "normal" ordinary market conditions) times and 35% in "extraordinary" conditions, Date 30-Jun-2008 30-Sep-2011 30-Oct-2013 which in fact, are still prevailing) Comments Percentage of support to housing finance that Text Value 75% (during previous 12 83% (during previous 12 76% (during previous 12 goes to households earning between 1 - 6 MW months) months) months) (includes support via mortgages and Date 30-Jun-2008 30-Sep-2011 30-Oct-2013 microcredits) (measured in number of loans) Comments 74% (May 2009) (target was Total amount of financial support provded by Text Value MX$ 20,700 million (during MX$4,885 (during previous 12 MX$ 23,000 million (during SHF to private sector intermediaries (includes previous 12 months) months) previous 12 months) loans to primary market, secondary market Date 30-Jun-2008 30-Sep-2011 30-Oct-2013 purchases, liquidity lines) Comments Number of micro-credits supported by SHF Text Value 73,903 84,000 during previous 12 months Date 30-Jun-2008 14-Feb-2011 03-Sep-2014 Public Disclosure Copy Comments Volume of Bank Support: Institutional Amount(USD) Value 202000000.00 202000000.00 Development - Microfinance Date 22-Jul-2009 30-Mar-2012 Comments Data gathered from retrofit exercise No of active loan accounts -Microfinance Number Value 34561.00 84000.00 Date 14-Feb-2011 30-Mar-2012 Page 2 of 4 The World Bank Report No: ISR5461 Indicator Name Core Unit of Measure Baseline Current End Target Comments Value represents number of Value represents number of new borrowers in the 12- borrowers. Number of active Public Disclosure Copy month period ending Feb loan accounts is not available. 2011. Number of loan accounts is not available. Percentage of project-supported institutions Percentage Value 1.00 that are reporting on this indicator Sub Type Date Supplemental Comments Data on Financial Performance (as of 22-Dec-2010) Financial Agreement(s) Key Dates 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 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 Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR5461 Key Decisions Regarding Implementation The project rating has been upgraded from Moderately Unsatisfactory to Moderately Satisfactory on account of the progress made by the implementing agency to achieve the PDO. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4