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Rental Housing : Lessons from International Experience and Policies for Emerging Markets (Paperback)
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The discussion of where people live and how people pay for their housing has undergone a significant shift. Until the mortgage crisis erupted in 2008, the housing policy of most nations focused on increasing home ownership. There had been very little discussion about rental housing, less about social housing, and virtually none about public housing.The mortgage crisis showed the challenges inherent in pushing for home ownership for all. With homes going into foreclosure and with credit tightening in many countries, the need for rental housing increased dramatically. However, most countries are only beginning to consider supporting rental housing as a shelter option.This book is an effort to bring rental housing to the forefront of the housing agenda and to provide general guidance to policy makers. The information it provides can assist key players in housing markets—government officials, private rental property owners, financiers, and nongovernmental organizations—in including rental housing as a critical housing option and in having an informed discussion on how best to stimulate this sector.
The vast majority of rental housing around the world is unsubsidized and in private hands. Everywhere there are great needs for safe, decent, and affordable housing at the lowest income levels. A few countries-mostly developed ones-have a sizable social rental sector, yet even here the demand cannot be met and there are often long waiting lists for subsidized housing in the main cities. In most emerging economies, the only affordable rentals available are in the informal sector, with poor housing conditions and little security of tenure.This book is an effort to bring rental housing to the forefront of the housing agenda of countries around the world and to provide general guidance for policy makers whose actions can have an effect on where and how people live. It warns of the challenges they face and provides guidelines on how to develop or redevelop a sound rental sector. In doing so, it can enable key players in housing markets-be they government officials, private rental property owners, financiers and nongovernmental organizations-to add rental housing as a critical housing option and to have an informed discussion on how best to stimulate this sector.
Number of Pages: 146
Genre: Business + Money Management
Sub-Genre: Development / Economic Development, Urban + Regional, Real Estate
Series Title: Directions in Development
Publisher: World Bank
Author: Ira Gary Peppercorn
Street Date: April 4, 2013
Item Number (DPCI): 248-81-6638