Public-Private Partnerships for Investment and Delivery of Affordable Housing in Emerging Market Economies
The role of the public sector in housing delivery in many developed economies evolved from government as builder in the post-War era in the 1950s when the government directly constructed and delivered housing to meet the daunting demand for housing...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/850561606165749844/Public-Private-Partnerships-for-Investment-and-Delivery-of-Affordable-Housing-in-Emerging-Market-Economies http://hdl.handle.net/10986/34889 |
| Summary: | The role of the public sector in housing
delivery in many developed economies evolved from government
as builder in the post-War era in the 1950s when the
government directly constructed and delivered housing to
meet the daunting demand for housing, to government as
enabler and regulator in the 1980s and 90s when governments
retreated from direct provision but started to focus on
facilitating the private sector to deliver housing
effectively, and to assist the poorest segment of the
population. The point of departure is the belief that
housing is essentially a private good that is best provided
by the market. Today, the government’s role is therefore
focused on Should read: (i) establishing the enabling
environment for the private sector (including private
individuals) to deliver housing; (ii) addressing the market
failures; and (iii) avoiding and/or correcting government
policy failures. However, challenges persist for low-income
households to find affordable accommodation in locations
that work for them. Such shortages of affordable housing are
most pronounced in developing countries, which in recent
decades have seen rapid urbanization and the proliferation
of informal settlements, which are increasingly challenging
for the public sector to address. As the private sector and
public sector fail to provide adequate and affordable
housing for the lower-end of the market segment at the pace
and scale that is needed, governments have since the later
2000’s repositioned themselves as partners, and increasingly
as entrepreneurs, to catalyze – and reduce the risk for –
the private sector’s entry into the affordable housing markets. |
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