fbpx Low-Income Housing Finance and Affordable Mortgage Finance: Report and Recommendation of the President | Asian Development Bank

Low-Income Housing Finance and Affordable Mortgage Finance: Report and Recommendation of the President

Reports and Recommendations of the President | November 2018

The projects entail the Asian Development Bank (ADB) providing long-term financing in lari or United States (US) dollars to Credo Bank and in lari to TBC Bank to support affordable long-term housing and mortgage finance. While Credo will focus on funding home renovation and construction in rural areas and the periphery of the capital targeting low-income clients, TBC will provide mortgage financing in urban areas benefiting mainly low- to medium-income families.

The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.

This document dated November 2018 is provided for the ADB project 52187-002, 52187-001 in Georgia.