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An Impact Evaluation of Chile’s Progressive Housing Program

  • Luis Marcano

    ()

    (Office of Evaluation and Oversight at the Interamerican Development Bank.)

  • Inder J. Ruprah

    ()

    (Office of Evaluation and Oversight at the Interamerican Development Bank.)

This paper evaluates Progressive Housing Program; a public housing program that facilitates the purchase of a new home. The evaluation finds that the program’s package (savings requirement, voucher and mortgage) design is inappropriate if the program is targeted to the poor. In fact the pro-poor targeting of the program was poor with high under-coverage and high leakage. Further, the benefit, a minimum quality new house, was not sustainable as many households slipped back into the housing shortage category overtime. An impact evaluation reveals that although the program had significant positive effects on materiality conditions (access to water, sewerage, and electricity), it had a negative effect on overcrowding, and had no discernable effects on welfare indicators (poverty, school attendance, occupation ratio, etc.). This could be due to high residential segregation that resulted from attempting to maximize the number of housing solutions on the cheap. The study also cautions against the mechanical use of cost benefit calculations for policy decisions: the program’s internal rate of return was higher than the official cut off rate of 12%.

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Paper provided by Inter-American Development Bank, Office of Evaluation and Oversight (OVE) in its series OVE Working Papers with number 0608.

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Length: 21 pages
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:idb:ovewps:0608
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  1. Edgar O. Olsen, 2000. "The Cost-Effectiveness of Alternative Methods of Delivering Housing Subsidies," Virginia Economics Online Papers 351, University of Virginia, Department of Economics.
  2. Inder J Ruprah & Luis T Marcano, 2007. "A Meta-Impact Evaluation of Social Housing Programs: The Chilean Case," OVE Working Papers 0207, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
  3. Richard Blundell & Mónica Costa Dias, 2008. "Alternative Approaches to Evaluation in Empirical Microeconomics," CEF.UP Working Papers 0805, Universidade do Porto, Faculdade de Economia do Porto.
  4. Luis Marcano & Inder J. Ruprah, 2008. "Incapacity to Pay or Moral Hazard? Public Mortgage Rates Delinquency in Chile," OVE Working Papers 0308, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
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