Low-income housing finance in Colombia
This paper explores the role played by policy instruments in access to housing finance by low-income households. It also analyzes the impact of housing credit and subsidies on both 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, the study finds that policy instruments aimed at easing access of low-income households to affordable housing such as subsidies and loan guarantees have played a modest role in increasing the use of mortgages as a source of funding. Despite this, subsidies were found to 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 their design and targeting.
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| Date of creation: | Aug 2011 |
| Date of revision: | |
| Handle: | RePEc:pra:mprapa:33531 |
| Contact details of provider: | Postal: Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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References listed on IDEAS
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- Mauricio Cardenas & Alejandro Badel, 2003.
"La crisis de financiamiento hipotecario en Colombia: Causas y consecuencias,"
Research Department Publications
4355, Inter-American Development Bank, Research Department.
- Alejandro Badel & Mauricio Cárdenas, 2003. "La crisis de financiamiento hipotecario en Colombia: causas y consecuencias," IDB Publications (Working Papers) 7642, Inter-American Development Bank.
- Mauricio Cárdenas & Sandra Rozo V., 2007. "La informalidad empresarial y sus consecuencias: ¿Son los CAE una solución?," WORKING PAPERS SERIES. DOCUMENTOS DE TRABAJO 009191, FEDESARROLLO.
- Nicolás Cuervo & Samuel Jaramillo, 2009. "Dos décadas de política de vivienda en Bogotá apostando por el mercado," DOCUMENTOS CEDE 006651, UNIVERSIDAD DE LOS ANDES-CEDE.
- Ricardo Rocha & Fabio Sánchez Torres & Jorge Tovar, 2007. "Informalidad del mercado de crédito para la vivienda de interés social," DOCUMENTOS CEDE 003883, UNIVERSIDAD DE LOS ANDES-CEDE.
- Heckman, James J & Ichimura, Hidehiko & Todd, Petra E, 1997. "Matching as an Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," Review of Economic Studies, Wiley Blackwell, vol. 64(4), pages 605-54, October.
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