Housing Finance in LDCs

This book provides an in-depth evaluation of India's National Housing Bank and its innovative approach to housing finance in developing countries.

In Housing Finance in LDCs, the author delves into the first two years of India's National Housing Bank, examining its role within the broader context of housing finance in developing nations. The book highlights how the National Housing Bank was established to create a competitive, market-oriented housing finance system, contrasting it with the practices of national housing banks in other countries that often lend at subsidized rates. This approach can stifle competition and innovation in the housing finance sector.

The narrative provides an insightful analysis of the challenges and opportunities encountered during the initial phases of the National Housing Bank's operation. By comparing its strategies and outcomes to those of similar institutions in other developing countries, the author illustrates the potential of India's model as a significant innovation in housing finance. The book emphasizes the importance of fostering a stable financial environment to support housing finance intermediaries and promote sustainable growth.

Ultimately, Housing Finance in LDCs serves as a critical resource for policymakers, researchers, and practitioners interested in understanding the dynamics of housing finance in developing countries. It underscores the need for a balanced approach that encourages competition while ensuring access to affordable housing finance for the public, thereby contributing to the overall economic development of these nations.