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Thematic Area:

Affordable Housing Finance


2017 – 2018


Kreditanstalt für Wiederaufbau (KfW)



Country Coverage:           

India, Indonesia and Philippines

Project Overview

The global housing challenge is particularly severe in some South and South-East Asian countries with booming economies, growing populations and high urbanization rates.

The financial sector can be a key actor in promoting housing investments by providing long-term capital, increasing environmental awareness and know-how as well as mainstreaming private investment and capital.

In this context, this feasibility study aimed to assess the potential of a programme to improve access to finance for green housing investments through long-term debt to financial institutions for on-lending to finance developers and homebuyers. 

In Phase 1, Frankfurt School experts prepared comparative assessment reports that summarised the current status of the green housing (finance) market and the main limitations hindering its development across 11 markets in South and South-East Asia (i.e. for Bangladesh, Cambodia, China, India, Indonesia, Laos, Myanmar, Nepal, Philippines, Sri Lanka and Vietnam).

Based on the outcomes of Phase 1, Phase 2 provided an in-depth analysis for the three selected countries (India, Indonesia and Philippines) offering the largest market potential to establish a funding facility. The Frankfurt School research team also assessed the concept of an (Affordable) Green Housing Fund and prepared recommendations for a programme concept design, which included:

  • Target group and end beneficiaries;
  • Investment instruments;
  • Investment strategy and timing;
  • Incorporation of green building standards;
  • Technical assistance support for developers and financial institutions;
  • Programme risk analysis; and,
  • Measurement of the environmental impact.