Executive Summary The accumulation of decent housing matters both because of the difference it makes to living standards and because of its centrality to economic development (shared prosperity). In addition to directly providing shelter, decent housing improves health and facilitates educational achievement. A home and its environs affect identity and self-respect. Egypt has made strides in improving access to basic services, one of the most important components of living standards related to housing The World Bank has approved the Housing Finance Program” on May 5, “Inclusive 2015, which is US$ 500 million Program-for-Results loan to the GoE. The Program aims at improving the affordability of formal housing for low-income households in Egypt and to strengthen the Social Housing Fund's capacity to design policies and coordinate programs in the social housing sector. The program will provide demand side subsidy for end beneficiaries for both home ownership and rent. The proposed activity will complement this Program through providing technical assistance to SHF and other relevant entities within the GoE to build the institutional capacity of the SHF and strengthen its ability of the SHF to define sound policies. This activity will also promote private sector engagement in social housing.
Executive Summary The accumulation of decent housing matters both because of the difference it makes to living standards and because of its centrality to economic development (shared prosperity). In addition to directly providing shelter, decent housing improves health and facilitates educational achievement. A home and its environs affect identity and self-respect. Egypt has made strides in improving access to basic services, one of the most important components of living standards related to housing The World Bank has approved the “Inclusive Housing Finance Program” on May 5, 2015, which is US$ 500 million Program-for-Results loan to the GoE. The Program aims at improving the affordability of formal housing for low-income households in Egypt and to strengthen the Social Housing Fund's capacity to design policies and coordinate programs in the social housing sector. The program will provide demand side subsidy for end beneficiaries for both home ownership and rent. The proposed activity will complement this Program through providing technical assistance to SHF and other relevant entities within the GoE to build the institutional capacity of the SHF and strengthen its ability of the SHF to define sound policies. This activity will also promote private sector engagement in social housing.
EG%20WB%20Enhancing%20Social%20Housing%20Governance%20Project%20Document.docx