France-LAC Partnership: Local Housing Strategies, a Pathway to Sustainable, Climate-Friendly and Inc (IADB-RG-T3011)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Argentina
  • Brazil
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Specific Location
São Paulo; Manaus; Buenos Aires; Mexico City
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Mar 8, 2019
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
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.45 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)
$ 0.45 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.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS May 11, 2019

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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 the bank: "the objective of this Technical Cooperation (TC) is to define strategies and innovative solutions to promote housing supply in central urban areas to foster climate-friendly and inclusive cities. The focus is on supporting local authorities to implement local housing policies integrated with other local policies such as transport and land use, and to design affordable housing projects in densification and regeneration areas. By studying and learning from the French model, we want to propose instruments to encourage repopulation of urban centers and foster socially and functionally mixed areas with a view of building compact cities, taking advantage of the existing infrastructure and housing stock while controlling urban sprawl. The TC program aims to accompany four LAC cities in creating an operational model that fosters affordable housing in city-center regeneration projects. Several countries have already demonstrated interest and approached the IDB to request support. The target cities for the TC are São Paulo and Manaus, Brazil, Mexico City, Mexico and Buenos Aires, Argentina. They have been selected because of potential for implementation of pilot projects, demonstrated political will, interest for the French experience and based on a set of criteria of the area of intervention such as low density but with potential for densification (i.e. already existing infrastructure of networks, of basic services); existing real estate availability in the densification area, vacant housing; identified target population, etc. Even though their economies are among the strongest in the LAC region, Brazil, Argentina and Mexico still have serious housing problems and present a favorable context to explore and implement concrete innovative solutions that may have strong impact on urban pattern and fight against climate change and could be replicated in the region."

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

French Climate Fund for LAC


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works