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Social housing finance in Colombia

Author

Listed:
  • María Angélica Arbeláez
  • Carolina Camacho
  • Johanna Fajardo

Abstract

In this paper we explore the role played by policy instruments on the access to housing finance of low-income households. We also analyze the impact of housing credit and subsidies on 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, we find that policy instruments aimed at easing access of low-income households to affordable housing such as subsidies and guaranteed loans have played a modest role in increasing the use of mortgage as a source of funding. Despite this, we show that subsidies 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 theirdesign and targeting.

Suggested Citation

  • María Angélica Arbeláez & Carolina Camacho & Johanna Fajardo, 2010. "Social housing finance in Colombia," Informes de Investigación 9057, Fedesarrollo.
    • Handle: RePEc:col:000124:009057
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    File URL: http://hdl.handle.net/11445/189
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    References listed on IDEAS

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    1. Mauricio Cárdenas Santa María & Sandra Rozo V., 2007. "La informalidad empresarial y sus consecuencias : ¿Son los CAE una solución?," Working Papers Series. Documentos de Trabajo 9191, Fedesarrollo.
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    3. Mauricio Cárdenas & Alejandro Badel F., 2003. "La crisis de financiamiento hipotecario en Colombia: causas y consecuencias," Coyuntura Económica, Fedesarrollo, September.
    4. Ricardo Rocha & Fabio Sánchez Torres & Jorge Tovar, 2007. "Informalidad del mercado de crédito para la vivienda de interés social," Documentos CEDE 3883, Universidad de los Andes, Facultad de Economía, CEDE.
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    More about this item

    Keywords

    Construcción; Vivienda; Financiamiento de la vivienda; Colombia;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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