Rethinking Institutional Reforms in the Philippine Housing Sector
Why have housing reforms failed to achieve the desired improvements in housing in the Philippines? A review of trends in government housing strategies shows that while many problems in housing are linked to institutional barriers in the land and financial markets, government reforms focused on operational and program specific issues. While these reforms may be needed, they can only be effective if basic institutional issues are first addressed. The paper suggests that the efficient functioning of the land and financial markets is a necessary condition for the efficient functioning of the housing market. This requires government to undertake major reforms in land regulations and land administration infrastructure including the implementation of an effective real property tax system. On housing finance, government should re-adopt the financial reform concept developed in 1997 with assistance from the World Bank that calls for a clear separation of subsidy mechanisms from transactions in housing finance and to take initial steps to reduce subsidy that goes to high and middle-income housing markets. These reforms would also warrant reforms in the governance structure of housing delivery. Complete devolution of housing delivery functions to the local government is necessary. On the other hand, national government concerns will primarily be on providing the policy environment and housing subsidy management. These concerns may only require the creation of a corporate organization rather than a Department of Housing and Urban Development.
|Date of creation:||2002|
|Contact details of provider:|| Postal: NEDA sa Makati Building, 106 Amorsolo St., Legaspi Village, Makati City,|
Web page: https://www.pids.gov.ph/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James Roumasset, 1989.
"Decentralization and Local Public Goods: Getting the Incentives Right,"
Philippine Review of Economics,
University of the Philippines School of Economics and Philippine Economic Society, vol. 26(1), pages 1-13, June.
- James Roumasset, 1988. "Decentralization and Local Public Goods Getting the Incentives Right," Working Papers 198805, University of Hawaii at Manoa, Department of Economics.
- Roumasset, James, 1989. "Decentralization and local public goods: getting the incentives right," MPRA Paper 17111, University Library of Munich, Germany.
- repec:idb:brikps:3458 is not listed on IDEAS
- Manasan, Rosario G. & Mercado, Ruben G., 1998. "Metropolitan Arrangements in the Philippines: Passing Fancy or the Future Megatrend," Discussion Papers DP 1998-31, Philippine Institute for Development Studies.
- Ballesteros, Marife M., 2000. "Land Use Planning in Metro Manila and the Urban Fringe: Implications on the Land and Real Estate Market," Discussion Papers DP 2000-20, Philippine Institute for Development Studies. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2002-16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.