National Affordable Housing Program (WB-P154948)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 450.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,207.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 4, 2015


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Project Description

According to the bank document, the project aims to improve access to affordable housing through a mix of demand and supply side interventions targeting both lower-middle income and lower-income households. The projects are comprised of three components. The first components mortgage-linked down payment assistance targets lower middle-income households that are unable to access commercial mortgage finance for a home purchase without public assistance. The second component, home improvement assistance targets the bottom 40 percent of Indonesian households that require home improvement rather than home purchase solutions and for whom the market for commercial mortgage finance is unaffordable even with deep assistance enhancements. The third component, technical assistance for housing policy reform will finance a technical assistance to support policy reform, improved governance and enhanced capacity in the housing sector.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Contact: Taimur Samad
Title: Program Leader
Tel: 5781+3037 /
Email: tsamad@worldbank.org

Borrower/Client/Recipient

Name: Ministry of Finance
Contact: Robert Pakpahan
Title: Director General of Budget Financing and Risk Management
Tel: 62213500841
Email:

Implementing Agencies
Name: Ministry of Public Works and Housing
Contact: Maurin Sitorus
Title: Director General for Housing Finance
Tel: 62217245751
Email: maurin_sitorus@yahoo.com

VIII.For more information contact:
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.