Improving Access to Affordable Housing Project (WB-P157932)

Countries
  • Mexico
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
Jun 14, 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.
Borrower
Mexico National Housing Commission
The holder of the loan, grant, or other investment.
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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 1, 2017

Disclosed by Bank Sep 23, 2016


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Project Description
From the World Bank: "The development objective of the Improving Access to Affordable Housing Project for Mexico is to increase access to affordable housing for low-income beneficiaries. The project comprises of three components. The first component, acquisition of housing units will enhance access to housing by assisting low-income beneficiaries to purchase their first new or existing housing unit in eligible locations through the provision of direct supports. The second component, self- production of housing units will enhance access to housing by assisting low-income beneficiaries in the design and construction of their housing units through the provision of direct support. The third component, strengthening urban management will foster the development of affordable housing through the carrying out of: (a) technical and analytical studies to assist in the formulation and revision of selected municipal urban planning instruments including, inter alia: (i) housing demand diagnostics; (ii) infrastructure requirement analysis to inform master plans for urban renovation and or densification; (iii) technical-prefeasibility studies; (iv) architecture urban design studies; and (v) financial structuring for affordable housing investments; and (b) citizen awareness campaigns and other dissemination and communication activities."
Investment Description
  • World Bank (WB)
The World bank is funding USD 100,000,000 of Investment Project Financing through the International Bank for Reconstruction and Development.
Contact Information
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.