Improve housing finance access for poor – study

A POLICY paper by the Philippine Institute for Development Studies (PIDS) is calling for the creation of a more favorable environment for housing finance in the country, as well as the adoption of appropriate policies and mechanisms to correct housing market dysfunctions.

One of the underlying issues with housing policies in the Philippines, for instance, is the traditional perception that a housing finance system is based primarily on the provision of government subsidies, resulting in a highly-segmented and unsustainable program that does not benefit those who deserve it most.