The Program, proposed as an MFF, comprises a series of financial intermediation loans, to help finance housing loans for lower to middle income borrowers. Young families and first time homeowners, teachers and health care workers (two occupations in which women predominate) will be prioritized. The Program will help to strengthen the impact of the government's Rural Development Program (RDP) and Rural Housing Scheme (RHS) to improve rural livelihoods and living standards, including better coordination with the government's financial sector strategy and new Small and Medium Enterprise (SME) Program. In the medium term, the MFF supports (i) access to affordable housing finance and housing (ii) improved local government capacity to implement integrated rural development strategies that focus on creating rural jobs; and (iii) strengthening the enabling environment for rural MSMEs.
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