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Global Housing Foundation

Global Housing Foundation. Global Housing Foundation. History. Founded in 1999 by Rene Frank Global Housing Foundation is an international Not-for-Profit Organization Global Housing Foundation is an official NGO of UN-Habitat with special consultative status

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Global Housing Foundation

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  1. Global Housing Foundation

  2. Global Housing Foundation History • Founded in 1999 by Rene Frank • Global Housing Foundation is an international Not-for-Profit Organization • Global Housing Foundation is an official NGO of UN-Habitat with special consultative status • Mr. Gerard W. Bakker is European Director and responsible for the Eastern Central European Countries and formal Sovjet Republics.

  3. Global Housing Foundation Necessity • 1.2 Billion People live in Urban Slums. It is expected this will be 2.0 billion people in 10 years time. • More than 400 million of these people are actively employed but lack decent housing

  4. Global Housing Foundation

  5. Global Housing Foundation

  6. Global Housing Foundation Goals • To enable the development of adequate & sustainable • housing for the working poor slum dwellers • Melding a micro mortgage program with affordable • home ownership • To promote property rights, homeownership, • economic development, women’s rights & best • practices • To be an independent, self sustaining not-for-profit • NGO

  7. Global Housing Foundation

  8. Global Housing Foundation Process • Municipal Participation with government program • Land • Cost of infrastructure • Appraisals • Local Developers using local labor and materials build the communities • Local Banks originate the loans

  9. Global Housing Foundation GHF Role • Create the financial framework for the distribution of low-income housing mortgages. • Coordinate with local banks in the financial system United Nations’ Role • Technical assistance and training in areas relevant to project implementation • Involvement in Community organizations and NGOs. • Coordination with international agencies • Guarantees by United Nations Bank of America - Merrill Lynch’s Role • Provide long-term funds through the securitization of the micro-mortgages • Establish parameters for the granting of mortgages • Establish parameters for mortgage purchase

  10. Global Housing Foundation Information we need from Eastern European Countries: 1) What are the construction costs per square meter; 2)  What are the infrastructure costs; 3)  What are the land costs (costs per square meter);

  11. Global Housing Foundation 4)  If the local government (city) is able and willing to donate the land for our initiative (or if the land is available against a very low cost price); 5)  The idea is also to renovate old buildings. Are there local any old buildings which are suitable for these renovation plans? 6)   If the region/city is suitable for our plans, can you provide us with the average salary of its residents; 7) For a mortgage of € 12.000,-- the purchaser needs a family monthly income of € 400,-- depending on the interest rate and amortization

  12. Global Housing Foundation 8)  Are local residents / families able to receive a title for the land after purchasing a house; 9)  What are the local taxes; 10) Is there a local bank available with international connections that is able and willing to help us with mortgages? The local bank needs for finance 20% of the loans and is responsible for the collection of interest and amortization 11) Will the local government / city help its residents with grants and / or interest rebates?

  13. Global Housing Foundation Eastern Europe: Mr. Gerard W. Bakker Beethovenstraat 87 1077 HR AMSTERDAM Tel.: + 31 20 6702641 Fax.: + 31 20 670 2641 Email: globalhousingfoundation@gwbakker.com Website: www.globalhousingfoundation.org

  14. Global Housing Foundation

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