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Affordable Housing Policies and Programs Thailand

Affordable Housing Policies and Programs Thailand. Affordable Housing Policies and Programs Khan Prachuabmoh, President Government Housing Bank Thailand January 27, 2010. Affordable Housing Policies and Programs - Thailand. Demographics – Thailand Population – 65 million

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Affordable Housing Policies and Programs Thailand

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  1. Affordable Housing Policies and Programs Thailand

  2. Affordable Housing Policies and Programs Khan Prachuabmoh, President Government Housing Bank Thailand January 27, 2010

  3. Affordable Housing Policies and Programs - Thailand • Demographics – Thailand • Population – 65 million • Population growth – less than 0.5 per cent • per year • Migration increasing urban housing needs • 36 per cent – urban population • GDP per capita - $US4,072

  4. Affordable Housing Policies and Programs - Thailand Underlying theme - • HM the King’s sufficiency economy initiatives • 1997 and global economic crisis • Moderation • Reasonableness • Need for risk self-immunization or • built-in resistance

  5. Affordable Housing Policies and Programs - Thailand • Housing Policies • No comprehensive national housing policy • 3 main government units implement government middle and • low-income housing programs • Government Housing Bank (GH Bank), National Housing • Authority (NHA) and Community Development • Organization Institute (CODI) • Private sector provides housing from low-income to • multi-million baht homes

  6. New Policies Cabinet approved National Housing Policy Committee – May 28, 2008 Major responsibility of NHPC – oversee formulation of comprehensive long-term national housing policy No more reliance on individual government’s housing policies Affordable Housing Policies and Programs - Thailand

  7. Affordable Housing Policies and Programs - Thailand Specialized Financial Institution (SFI) – Ministry of Finance Major emphasis – lower and middle income mortgages Total Assets Bt 692 billion ($US 21.6 billion) (12/31/09) Net income Bt5 billion ($US157 million) (12/31/09) 37.3 per cent of all outstanding individual housing loans (2009) About GH Bank

  8. Affordable Housing Policies and Programs - Thailand Special GH Bank’s Housing Loan Programs • Government Pension Fund • members housing loans • Baan Eur-Athorn • Board of Investment (BOI) • low-income housing programs

  9. Affordable Housing Policies and Programs - Thailand • Special GH Bank’s Housing Loan Programs • GH Bank First Home Project • Energy efficient projects • Saving for future home projects

  10. Affordable Housing Policies and Programs - Thailand National Housing Authority (NHA) • Assuring shelter for all residents in Thailand • Operates as state enterprise • Rental apartments, condominium, government employee housing • Currently, primarily acts as an enabler between government and private sector

  11. Affordable Housing Policies and Programs - Thailand NHA – Baan Eur-Arthorn Project • Project to build 600,000 homes - 2005 • Scaled down – currently 200,000 under • construction • Government subsidies granted to private sector • developers • Houses sold at affordable prices • GH Bank and Government Savings Bank - buyer • financing

  12. Affordable Housing Policies and Programs - Thailand • Community Organization Development Institute (CODI) • Finance slum-area communities • Develops community-based savings programs and • organization through co-operatives • Funded from Government budget • Baan Mankong program – very successful • Since 2003, CODI has funded more than 77,000 • households in more than 245 districts throughout Thailand

  13. Affordable Housing Policies and Programs - Thailand Private-sector developers and commercial banks • Well developed private-sector housing industry • Provide most homes from low-income sector • to multi-million dollar homes • Commercial bank financing readily available • – 50 per cent market share

  14. Affordable Housing Policies and Programs - Thailand • Keys to future growth – policy issues • Reducing land, construction and other • costs • Further developing housing-financing • markets • Developing secondary housing markets • Housing finance education for the public

  15. T h a n k y o u www.ghb.co.th

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