The development objective of the Housing Finance Project for Tanzania is to develop the housing mortgage finance market through the provision of medium and long-term liquidity to mortgage lenders. There are three components to the project. The first component of the project is development of the mortgage market. This is the main component of the project. This component is centered on the creation and development of the Tanzanian Mortgage Refinance Company (TMRC) to provide medium and long-term liquidity to mortgage lenders. The credit will support the initial, start-up phase of the TMRC's operations as a second-tier, wholesale, and market-based liquidity facility focused on refinancing longer-term residential mortgage loans originated by mortgage lenders. TMRC is expected to begin issuing bonds in the capital market to help fund its operations on a market sustainable basis. The second component of the project is development of housing microfinance. An initial study will assess the potential to develop this product and examine how a Housing Microfinance Fund (HMFF) could help in providing longer term funds to allow loans for up to five years or longer to be granted. Regulatory reform and capacity building around this product will also be necessary to foster a safe lending environment. The setting up and implementation of HMFF will happen starting in phase two of the project. The third component of the project is expansion of affordable housing supply. Work will be undertaken to support the development of a private developer industry. A range of measures will be undertaken, which includes: conducting a baseline housing market study, improving the capacity of the National Housing Corporation (NHC), improving capacity of banks to provide real estate developer finance, and promoting the use of lower cost construction technologies.
Detalhes
-
Data do documento
2010/02/10
-
TIpo de documento
Documento de avaliação do projeto:
-
No. do relatório
52750
-
Nº do volume
1
-
Total Volume(s)
1
-
País
-
Região
-
Data de divulgação
2010/03/09
-
Disclosure Status
Disclosed
-
Nome do documento
Tanzania - Housing Finance Project
-
Palavras-chave
Bank and Financial Institutions Act;Controller and Auditor General;Quality and Cost Based Selection;Savings and Credit Cooperative;Environment and Social Management Framework;Annual Work Plan and Budget;financial and private sector development;monitoring and evaluation system;physical cultural resources;economic and financial analysis;Housing;real estate developer;housing microfinance;private sector activity;real estate development;cost of fund;housing finance sector;access to finance;domestic capital market;housing finance system;financial literacy campaign;service and infrastructure;consumer protection measure;incentive for bank;foreign exchange market;high population growth;long term funding;market based pricing;global financial crisis;market pricing mechanism;external public debt;capacity building program;commercial banking sector;long term loan;interest rate structure;readiness for implementation;social security fund;affordable housing supply;housing construction sector;risk management strategy;variable interest rate;Governance and Accountability;mortgage interest rate;sale of land;financial service sector;financial sector liberalization;barrier to entry;mortgage lender;liquidity facility;financial market;mortgage market;Safeguard Policies;housing mortgage;safeguard policy;initial capital;yield curve;special provision;land development;long-term finance;informal settlement;bond market;land regularization;mortgage lending;financial intermediaries;serviced land;private developer;
- Exibir mais
Downloads
COMPLETAR RELATÓRIO
Versão oficial do documento (pode conter assinaturas, etc.)
- PDF oficial
- TXT*
- Total Downloads** :
- Download Stats
-
*A versão do texto é um OCR incorreto e está incluído unicamente em benefício de usuários com conectividade lenta.