34913-014: SRI: NDB HOUSING BANK LTD.

Project Data Sheet (PDS): Overview


Description

Sri Lanka is currently experiencing an acute shortage of housing stock. This issue was highlighted in the report submitted by the Presidential Task Force on Housing and Urban Development in 1998, which estimated a shortfall of 171,600 housing units. This has been further confirmed by sectoral research conducted in-house by NDB and through an independent research agency. One of the major factors contributing towards the significant gap between demand and supply of housing stock in the country is the lack of affordable housing finance. Based on its study, NDB estimates the market shortfall in housing finance to be around Rs 16 billion ($190 million equivalent). There is a need for a new institution focusing on providing affordable housing finance, especially to the lower and middle income markets. Read More

Country Sri Lanka
Borrower/Equity Investment Name
Project Number 34913-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7168
Approval Date 15 Mar 2001
Geographical Location Colombo
Sector / Subsector Classification Finance
/ Housing Finance
Thematic Classification Economic growth
Governance
Private sector development
Safeguard Categories Environment: C

 

 

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Project Data Sheets (PDS)

Responsible ADB Officer
Bob Finlayson
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Investment Funds & Special Initiatives Div

Last PDS Update
23 Apr 2009

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