Second Tamil Nadu Housing Sector Strengthening Program Development Policy Loan (WB-P178329)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 20, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of India
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Construction
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 26, 2023

Disclosed by Bank Mar 2, 2022


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to World Bank documents, the objective of the proposed project is to "support the Government of Tamil Nadu to increase access to and sustainability of affordable housing by deepening policy reforms and strengthening institutions."

The proposed 2nd Tamil Nadu Housing Sector Strengthening Program is part of a programmatic engagement to support the state government’s plans to transform the housing sector in Tamil Nadu. Following the successful implementation of the first TNHSSP DPL, the second DPF will deepen and promote measures to ensure the long-term sustainability and climate resilience of the housing sector by nudging new institutional architecture for the sector and adopting diversified housing products and programs to expand access to affordable housing.

The first pillar aimed at strengthening policies and institutions for increased access to affordable housing. It continues to support GoTN’s efforts to redefine its role and mandate as an enabler in creating efficient and inclusive housing markets, through moving the Tamil Nadu Housing Board away from a direct provider role to a market-making role for the underserved market segments, better targeting of GoTN’s fiscal resources to the poorest and most vulnerable by introducing a menu of housing solutions that consider affordability of the bottom income deciles and leveraging private housing finance; institutionalizing community-driven O&M, and introducing state housing information system to enable informed decision making in the housing sector.

The second pillar aimed at enhancing the enabling environment to increase affordable housing supply. It will address regulatory and administrative constraints critical to unlock the supply of affordable housing, including removing barriers for O&M of multi-storied apartments and mandating a single-window approval system for issuing planning and building permits.

The third pillar aimed at promoting sustainability and climate resilience. It supports the new GoTN’s priority to mainstream measures for improved sustainability and climate resilience into the regulations and housing policy making processes and more broadly in managing urban development.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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World Bank Team Leaders: 

Abhijit Sankar Ray, Yan F. Zhang Senior Urban Development Specialist

Borrower:

India
Hanish Chhabra
Director, Department of Economic Affairs hanish.ias@ias.nic.in

Implementing Agencies:

1. Finance Department of the Government of Tamil Nadu,

N. Muruganadam,

Principal Secretary to Government

finsec@tn.gov.in

2. Housing and Urban Development Department of the Government of Tamil Nadu,

Hitesh Kumar S. Makwana,

Principal Secretary to Government

hud@tn.gov.in

 

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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