The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
Inclusive Housing Finance Program (P150993)
MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Finance, Competitiveness and Innovation Global Practice | Requesting Unit:
MNC03 | Responsible Unit: EMNF1
IBRD/IDA | Program-for-Results Financing | FY 2015 | Team Leader(s): Laila Ashraf AbdelKader Ahmed, Alia Eldidi, Aun Ali Rahman
Seq No: 13 | ARCHIVED on 11-Apr-2022 | ISR50730 | Created by: Alia Eldidi on 21-Mar-2022 | Modified by: Alia Eldidi on 05-Apr-2022
Program Development Objectives
PDO Table
Program Development Objective (from Program Appraisal Document)
The objective of the Program is to improve the affordability of formal housing for low-income households in the Arab Republic of Egypt and to
strengthen the SHMFF's capacity to design policies and coordinate programs in the social housing sector.
Overall Ratings
Name Previous Rating Current Rating
Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory
Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory
Implementation Status and Key Decisions
The highlights of the implementation support mission that took place in February - March 2022 are as follows:
Progress towards achievement of the PDO and overall implementation progress remain moderately satisfactory. The issues identified
during previous missions are continuously being addressed by the Egyptian Government. The Inclusive Housing Finance Program is on track to
meet its development objective. The Program for Results (PforR) is contributing to improving the affordability of formal housing for low-income
households in Egypt and to the strengthening of the Social Housing and Mortgage Finance Fund's (SHMFF) capacity to design policies and
coordinate programs in the social housing sector. The delivery of demand-side subsidies for ownership is progressing with over 400,000
households benefiting from the Program since its inception, despite the crisis posed by the COVID-19 pandemic and related office closures. The
majority of program beneficiaries belong to the bottom 40 percent of the country’s population. The Program continues to have a profound impact on
gender with 22 percent of beneficiaries being women. It also continues serving beneficiaries with informal revenues. Institutional strengthening and
capacity building indicators have progressed well. SHMFF continues strengthening its internal capacity in order to fulfill its mandate effectively,
particularly in the areas of IT, M&E, and internal audit.
Data on Financial Performance
Disbursements (by loan)
Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed
P150993 IBRD-84980 Effective USD 500.00 500.00 0.00 409.63 90.37 82%
P150993 IBRD-90330 Effective USD 500.00 500.00 0.00 134.25 365.75 27%
Key Dates (by loan)
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date
P150993 IBRD-84980 Effective 05-May-2015 10-Jun-2015 11-Nov-2015 30-Jun-2020 30-Apr-2022
P150993 IBRD-90330 Effective 20-Mar-2020 05-Jul-2020 27-Oct-2020 31-Dec-2024 31-Dec-2024
DLI Disbursement
Achievement Disbursed amount in Disbursement % for
DLI ID DLI Type Description Coc DLI Amount
Status Coc DLI
Loan: IBRD84980-001
DLR#1.1 INT. AUDIT
001 Regular (OWNERSHP AND USD 15,000,000.00 Fully Achieved 15,000,000.00 100 %
RENTAL
DLR#1.2 INT. AUD
002 Regular ESTABLISH. AND USD 10,000,000.00 Fully Achieved 10,000,000.00 100 %
OPERATIN
DLR#2.1 M&E UNIT
003 Regular ESTABLISH. AND USD 10,000,000.00 Fully Achieved 10,000,000.00 100 %
FUNCTION
DLR#2.2 M&E INFORM.
004 Regular USD 15,000,000.00 Fully Achieved 15,000,000.00 100 %
MULTI YEAR PL., ANNU
DLR#3 ACCOUNTABILITY
005 Regular USD 50,000,000.00 Fully Achieved 50,000,000.00 100 %
AND TRANSPARENCY
DLR#4.1 MECHANIZM
006 Regular USD 20,000,000.00 Fully Achieved 20,000,000.00 100 %
MONITOR ESTABLISHED
DLR#4.2 PERC.
007 Regular OWNERSHIP USD 10,000,000.00 Fully Achieved 10,000,000.00 100 %
EXC.50%,UP TO 65
DLR#4.3 PERC.
Partially
008 Regular OWNERSHIP USD 10,000,000.00 9,997,300.00 100 %
Achieved
EXC.50%,UP TO 75
DLR#4.4 PERC.
009 Regular OWNERSHIP EXC. USD 10,000,000.00 Fully Achieved 10,000,000.00 100 %
50%,UP TO 8
DLR#5 NO OF 725T
Partially
010 Regular HOUSEHOLDS RCV USD 225,000,000.00 106,769,373.52 47 %
Achieved
SUBSIDIE
DLR#6 NO OF NEW
Partially
011 Regular HOUSEHO. PARTICIP. USD 48,750,000.00 1,127,333.78 2.3 %
Achieved
102T
DLR#7 PERC. OF 20%
012 Regular OF DEMAND SIDE USD 25,000,000.00 Fully Achieved 25,000,000.00 100 %
SUBSID
DLR#8 UP TO 250T
Partially
013 Regular DEMAND SIDE USD 50,000,000.00 483,200.00 1%
Achieved
SUBSIDIES
Loan: IBRD90330-001
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Inclusive Housing Finance Program (P150993)
DLR#1.1 - An Internal
1.1 Regular USD 0.01 Not Achieved 0.00
Audit function
DLR#1.2 - An Internal
1.2 Regular USD 0.01 Not Achieved 0.00
Audit function est
DLR#2.1 - M&E unit has
2.1 Regular USD 0.01 Not Achieved 0.00
been established
DLR#2.2 - M&E unit has
2.2 Regular USD 0.01 Not Achieved 0.00
maintained functi
DLR#3 - Accountability
3 Regular USD 0.01 Not Achieved 0.00
and Transparency
DLR#3.1 - Operational and
3.1 Regular USD 6,000,000.00 Not Achieved 0.00
Staffed MU
DLR#4.1 - SHMFF
4.1 Regular USD 0.01 Not Achieved 0.00
established in FY16
DLR#4.2 - % ownership
4.2 Regular USD 0.01 Not Achieved 0.00
housing FY 17
DLR#4.3 - % ownership
4.3 Regular USD 0.01 Not Achieved 0.00
housing FY 18
DLR#4.4 - % ownership
4.4 Regular USD 0.01 Not Achieved 0.00
housing FY 19
DLR#5 - up to 950k
5 Regular USD 250,000,000.00 Not Achieved 0.00
households
DLR#6 - up to 102,400
6 Regular USD 11,500,000.00 Not Achieved 0.00
households
DLR#6.1 - Operational
6.1 Regular USD 8,000,000.00 Not Achieved 0.00
Staffed RU
DLR#6.2 - Development &
6.2 Regular USD 10,250,000.00 Not Achieved 0.00
Implementation
DLR#7 - 20% of each
7 Regular USD 0.01 Not Achieved 0.00
Fiscal year
8 Regular DLR#8 - up to 250,000 USD 0.01 Not Achieved 0.00
8.1 Regular DLR#8.1- Adoption of PPP USD 17,000,000.00 Fully Achieved 17,000,000.00 100 %
DLR#8.2- Public tender
8.2 Regular USD 17,000,000.00 Not Achieved 0.00
process
DLR#8.3- Effective launch
8.3 Regular USD 50,000,000.00 Not Achieved 0.00
PPP
DLR#9 - Development of
9 Regular USD 50,000,000.00 Not Achieved 0.00
Mechanism
DLR#10.1 - Adoption of
10.1 Regular USD 25,000,000.00 Not Achieved 0.00
Real Estate
DLR#10.2 - Adoption of
10.2 Regular USD 25,000,000.00 Not Achieved 0.00
Regulations
DLR#11.1 - SHMFF
11.1 Regular USD 4,000,000.00 Not Achieved 0.00
operational
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Inclusive Housing Finance Program (P150993)
DLR#11.2 - 250k Social
11.2 Regular USD 10,000,000.00 Not Achieved 0.00
Housing buit
DLR#12.1 - Carrying out a
12.1 Regular USD 7,500,000.00 Not Achieved 0.00
review
DLR#12.2 - Pilot
12.2 Regular USD 7,499,999.89 Not Achieved 0.00
delegation
Program Action Plan
Multi-institutional governance structure established and functioning to facilitate coordination across Government
Action Description
entities (Advisory Committee)
Source DLI# Responsibility Timing Timing Value Status
Client Due Date 30-Jun-2015 Completed
Completion Measurement
Comments
Establishment and functioning of a housing monitoring and evaluation system and an M&E unit within SHMFF, and
Action Description
the preparation of the Multi-Year Plan and Annual Targets informed by the M&E system
Source DLI# Responsibility Timing Timing Value Status
Technical DLI 2 Client Recurrent Yearly Completed
Completion Measurement Establishment of M&E unit
Comments
Establishment by SHMFF of a functioning mechanism to monitor occupancy and vacancy of housing units by
Action Description
households receiving demand–side housing subsidy
Source DLI# Responsibility Timing Timing Value Status
Technical DLI 3 Client Due Date 30-Jun-2016 Completed
Completion Measurement Establishment by SHMFF of a functioning mechanism to monitor occupancy and vacancy
Comments
Action Description Full staffing of SHMFF based on agreed organizational structure and staff skills
Source DLI# Responsibility Timing Timing Value Status
Technical Client Due Date 31-Jan-2016 Completed
Completion Measurement Establishment by SHMFF of a functioning mechanism to monitor occupancy and vacancy
Comments
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Inclusive Housing Finance Program (P150993)
Action Description Integrate housing location criteria and requirement to collect physical coordinates into housing program guidelines
Source DLI# Responsibility Timing Timing Value Status
Client Due Date 30-Jun-2017 Completed
Completion Measurement
Comments
Action Description Monitoring and enforcement of location criteria for housing programs
Source DLI# Responsibility Timing Timing Value Status
Client Due Date 30-Jun-2016 Completed
Completion Measurement
Comments
Action Description The annual audited financial statements of the Program are issued on a timely basis and made public.
Source DLI# Responsibility Timing Timing Value Status
Client Recurrent Yearly Completed
Completion Measurement
Comments
The SHMFF needs to establish robust integrated grievance redress mechanism and link it to the local level grievance
Action Description redress system. SHMFF will also need to design and implement an improved mechanism for disseminating
information.
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
Both Due Date 30-Jun-2016 Completed
Systems
Completion Measurement establish robust integrated grievance redress mechanism
Comments
Action Description Establishment of unified beneficiary database
Source DLI# Responsibility Timing Timing Value Status
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Inclusive Housing Finance Program (P150993)
Client Due Date 30-Jun-2016 Completed
Completion Measurement
Comments
The operational and financial management arrangements for the rental subsidy should be laid out in regulation and
Action Description
detailed in a Procedures Manual, consistent with SHMFF's Manual when applicable.
Source DLI# Responsibility Timing Timing Value Status
Technical Client Due Date 30-Sep-2020 Delayed
Completion Measurement Adoption of operations manual for rental unit
Comments
SHMFF programs should be integrated with the State budget, using the national budget classifications and chart of
Action Description
accounts.
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems Client Due Date 01-Jan-2016 Completed
Completion Measurement SHMFF programs integrated with the State budget,
Comments
For the new rental subsidy programs, beneficiary enrollment, monitoring, and payment databases should be
Action Description
integrated in the program’s management information system (MIS)
Source DLI# Responsibility Timing Timing Value Status
Technical Client Due Date 30-Sep-2020 Delayed
Completion Measurement rental program integrated into MIS
Comments
Establishment and operation of an internal audit function within SHMFFproviding assurance service for the ownership
Action Description
and rental programs affiliated with the SHMFF.
Source DLI# Responsibility Timing Timing Value Status
Technical Client Due Date 31-Dec-2016 Completed
Completion Measurement Establishment and operation of an internal audit function
Comments
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Inclusive Housing Finance Program (P150993)
The SHMFF and its sub-programs should be subject to periodic and timely reporting on budget execution, using the
Action Description GFMIS or an accounting system that can seamlessly feed information into the GFMIS. The financial reports should be
publicly available.
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems Client Due Date 30-Jun-2016 Completed
The SHF and GSMFF programs were integrated with the State budget, using the national budget classifications and
Completion Measurement
chart of accounts
Comments
Ensure that beneficiaries use safe buildings through Including building validity certificate among required application
Action Description
documents
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems Client Recurrent Continuous In Progress
Completion Measurement Ongoing according to the requirements of the national system
Comments
Guidelines and training provided to SHMFF staff and other stakeholders about addressing occupational safety related
Action Description
to construction activities and handling of building chemicals and construction wastes
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
Both Due Date 30-Sep-2020 In Progress
Systems
Completion Measurement Planned to be done on a systematic manner after the establishment of the SHMFF including an Environment Unit.
In progress. During the mission, the Environment Unit developed the Operation Manual, which included a training
Comments
plan for the unit staff on relevant topics including occupational health and safety in construction.
Deliver training and capacity building to the SHMFF and other relevant stakeholders on issues related to land
Action Description
acquisition, involuntary resettlement
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
Both Due Date 30-Jul-2021 In Progress
Systems
Completion Measurement Training delivered
Comments
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Inclusive Housing Finance Program (P150993)
Strengthening the institutional Setup through developing comprehensive ToRs for the social team to be hired, and
Action Description
hiring social officers
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
Both Due Date 30-Sep-2020 Completed
Systems
Completion Measurement TORs developed
Comments
Action Description Designing and implementing consultation, communication and reaching out plans
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
SHMFF Due Date 15-Jan-2021 In Progress
Systems
Completion Measurement Designing and implementing consultation, communication and reaching out plans completed
Comments
Action Description Establishing robust integrated grievance redress mechanism and link it to the local level grievance redress system
Source DLI# Responsibility Timing Timing Value Status
Both Due Date 31-Mar-2016 Completed
Completion Measurement
Comments
Action Description Adoption of an Operations Manual (OM) for the Environment Unit provided to the Bank for No Objection.
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
SHMFF Due Date 31-Dec-2020 Completed
Systems
Completion Measurement Adoption of operations manual environment unit
Comments
The institutional set-up of the SHMFF Environment Unit should be strengthened by being staffed with minimum
Action Description
technical staff which includes a senior environmental specialist and a senior Health and Safety Specialist
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
SHMFF Recurrent Semi-Annually Completed
Systems
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Inclusive Housing Finance Program (P150993)
Completion Measurement The two specialists are hired
Comments Completed. The unit manager was hired as well as five environmental and health and safety specialists.
Improve transparency of SHMFF by disclosing actual costs of construction, main contractors, procurement
Action Description
processes, the maintenance and facility management activities in the Program projects
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems SHMFF Recurrent Yearly Not Yet Due
Disclosure of Improve transparency of actual costs of construction, main contractors, procurement processes, the
Completion Measurement
maintenance and facility management activities in the Program projects in annual report.
Comments
Ensure that SHMFF continue their gender inclusion policies, which include the prioritization of female applicants with
Action Description children and implementation of joint ownership contracts, while monitoring the progress of the 24% female ownership
target
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
SHMFF Recurrent Yearly In Progress
Systems
Completion Measurement SHMFF includes in its eligibility criteria system higher ponderation for women headed households
Comments
Conduct dissemination and communication campaigns targeted to women headed households to encourage increase
Action Description
participation in the program
Source DLI# Responsibility Timing Timing Value Status
Environmental and Social
SHMFF Recurrent Yearly In Progress
Systems
Completion Measurement Communication campaign completed
Comments
Risks
Systematic Operations Risk-rating Tool
Risk Category Rating at Approval Previous Rating Current Rating
Political and Governance -- Moderate Moderate
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Inclusive Housing Finance Program (P150993)
Macroeconomic -- Substantial Substantial
Sector Strategies and Policies -- Substantial Substantial
Technical Design of Project or Program Substantial Substantial Substantial
Institutional Capacity for Implementation and
-- Substantial Substantial
Sustainability
Fiduciary Substantial Substantial Substantial
Environment and Social Moderate Moderate Moderate
Stakeholders -- Substantial Substantial
Other Substantial -- --
Overall Substantial Substantial Substantial
Results
PDO Indicators by Objectives / Outcomes
PDO
IN01119009
►1.1 Number of targeted households accessing ownership and rental housing units with support from the Program (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 373,022.00 401,769.00 1,052,400.00
Date 01-Apr-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119010
1.2 female-headed households as a percentage of benefeciaries (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 22.13 22.27 24.00
IN01119126
►2. Percentage of Program beneficiaries in bottom 20% of the income distribution (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 50.46 48.80 50.00
Date 01-Apr-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119127
►3. Percentage of income spent on housing costs by Program beneficiaries (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 42.56 41.50 30.00
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Date 01-Apr-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119128
►4. Establishment of a housing M&E system functioning and informing the Multi-Year Plan and Annual Targets (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 01-Apr-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119129
►5. Development, adoption and implementation of an alternative system that progressively phases out the interest rate subsidy (Yes/No,
Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No No No Yes
Date 31-May-2019 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Intermediate Results Indicators by Results Areas
Strengthening Governance and Institutional Set-up of Housing Sector
IN01119130
►1.1. Completed executive by-laws, organizational structure, financing model, fiduciary arrangements, operating systems for the SHMFF
(Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119135
►1.2. SHMFF fully staffed as per organizational plan (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119140
►1.3. Internal audit function providing assurance services for the ownership and rental programs affiliated with the SHMFF established and
operating (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
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Inclusive Housing Finance Program (P150993)
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119148
►1.4. Adequate staffing of social officers per organizational plan (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119151
►1.5. Number of capacity building and training workshops conducted for the hired social workers at the Central and Governorate level.
(Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 86.00 86.00 27.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Enhancing Transparency and Accountability of Social Housing Programs
IN01119131
►2.1. Mechanism to monitor occupancy of housing post-subsidy established and functioning as per DLI definition (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119138
►2.2. Percentage of rental housing units occupied by targeted beneficiaries at least 1 year after lease (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 93.77 95.50 75.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119142
►2.3. Percentage of ownership housing units occupied by low-income households after at least 1 year of receiving subsidies under the AMP
(Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 93.77 95.50 85.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
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Comments
IN01119147
►2.4. Establish a unified social programs and beneficiary databases (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119150
►2.5. Establishment of a functioning accountability and transparency mechanism in SHMFF as per DLI definition (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119152
►2.6. Average time required to resolve complaints in AMP (Days, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 60.00 20.00 20.00 20.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119153
►2.7. Percentage of resolved complaints received by SHMFFF and Governorate housing offices (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 92.85 92.40 90.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119154
►2.8. Annual published reports on complaints and how issues were resolved, including resolution rates (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Improving Access to Affordable Housing
IN01119134
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Inclusive Housing Finance Program (P150993)
►3.1. Number of households receiving demand side home ownership subsidies for new units under the AMP (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 370,648.00 399,393.00 950,000.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119136
3.1.1. Female- headed households as percentage of beneficiaries (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 22.13 22.27 24.00
IN01119143
►3.2. Number of households participating in rental subsidy programs (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 2,374.00 2,376.00 102,400.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119145
3.2.1. Female-headed households as percentage of beneficiaries (Percentage, Custom Supplement)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 0.00 0.00 20.00
IN01119149
►3.3. Number of previously vacant units occupied 1 year after inclusion into the Program (Number, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 65,104.00 96,380.00 30,000.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Promoting Well Located Social Housing
IN01119133
►4.1. Percent of demand-side subsidies supporting the purchase or rental of housing units within a 60 minute travel time to an employment
center (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 100.00 100.00 50.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119139
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►4.2. Percent of demand-side subsidies supporting the purchase or rental of housing units within a 45 minute travel time to an employment
center (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 100.00 100.00 50.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119144
►4.3. Percent of demand-side subsidies supporting the purchase or rental of housing units within a 30 minute travel time to an employment
center (Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 100.00 100.00 15.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119146
►4.4. Percentage of land made available for SHMFF developments that complies with location and service criteria stated in Law
(Percentage, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 100.00 100.00 100.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Promoting Private Sector Participation in Low-Income Housing
IN01119132
►5.1. Number of demand-side subsidies supporting the purchase or rental of housing units developed by the private sector (Number,
Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 2,549.00 2,554.00 250,000.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119137
►5.2. PPP guidelines publicly disseminated (Yes/No, Custom)
Baseline Actual (Previous) Actual (Current) End Target
Value No Yes Yes Yes
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
IN01119141
►5.3. Percentage of demand side subsidy supporting the purchase or rental of housing units developed by private sector (Percentage,
Custom)
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Baseline Actual (Previous) Actual (Current) End Target
Value 0.00 0.68 0.64 43.00
Date 10-Aug-2015 31-Jul-2021 02-Mar-2022 31-Dec-2024
Comments
Disbursement Linked Indicators
DLI_IND_TABLE
►DLI 1 Establishment and operation of an internal audit function within SHMFF providing assurance service for the ownership and rental
programs affiliated with the SHMFF (Process, 25.00, 60%)
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 2 Establishment and functioning of a housing monitoring and evaluation system and an M&E unit within SHMFF, and the preparation of
the Multi-Year Plan and Annual Targets informed by the M&E system (Process, 25.00, 20%)
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 3 The establishment and functioning of an accountability and transparency mechanism within SHMFF for implementing the Program
(Process, 50.00, 40%)
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
IN01119158
DLI 3.1 DLI 3.1: Establishment of an operational and properly staffed Claims Management Unit (Output, 6.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 4 Establishment by SHMFF of a functioning mechanism to monitor occupancy and vacancy of housing units by households receiving
demand–side housing subsidy (Process, 50.00, 40%)
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 5 Number of households receiving demand-side homeownership subsidies for new housing units in each Fiscal Year during Program
implementation under the AMP (Outcome, 475.00, 3%)
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 370,648.00 399.00 950.00
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 6 Number of new households participating in rental subsidy programs in each Fiscal Year during Program implementation (Outcome,
60.25, 1%)
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 1.95 2.30 102.40
Date 01-Apr-2014 31-Aug-2020 02-Mar-2022 --
Comments
IN01119162
DLI 6.1 DLI 6.1: Establishment of a functioning rental unit and a digital platform within SHMFF linking private landlords and eligible
tenants (Output, 8.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119163
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
DLI 6.2 DLI 6.2: Implementation of a rental incentive package including a rental risk insurance product, and direct subsidies for tenants
(Output, 10.25, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 7 Percentage of demand-side subsidies provided supporting the purchase or rental of housing units located within a commute of 60
minutes or less to an employment center (Outcome, 25.00, 20%)
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 100.00 100.00 50.00
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 8 Number of demand-side subsidies provided supporting the purchase or rental of housing units developed by private sector entities in
each Fiscal Year (Output, 50.00, 1%)
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 2,549.00 2.50 250.00
Date 01-Apr-2014 31-Jul-2021 02-Mar-2022 --
Comments
IN01119166
DLI 8.1 DLI 8.1: Development and implementation of new PPP guidelines addressing key bottlenecks expressed by private sector
(Output, 17.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119167
DLI 8.2 DLI 8.2: Call for proposals under new PPP guidelines (Output, 17.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119168
DLI 8.3 DLI 8.3: Roll out and implementation of three PPP pilots representing 10,000 units (Output, 50.00, 0%)
Unit of Measure: Number (Thousand)
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 0.00 0.00 10.00
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 9 Development, adoption and implementation of an alternative system that progressively phases out the interest rate subsidy (Output,
50.00, 0%)
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 10 Adoption of legislation regulating real estate profession and installment sales (Output, 50.00, 0%)
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119171
DLI 10.1 DLR 10.1: Adoption of a real estate developers law (including, implementing regulations; and related regulatory authority) in form
and substance satisfactory to the Bank (Output, 25.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119172
DLI 10.2 DLR 10.2: Adoption of regulations on installments sales post construction including supervisory regime, in form and substance
satisfactory to the Bank (Output, 25.00, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 11 Operationalization of SHMFF Environment Unit (Output, 4.00, 0%)
Baseline Actual (Previous) Actual (Current) 2024
Value No Yes Yes Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119174
DLI 11.1 DLI 11.1: Number of housing units with green GPRS certification from the National Building Research Center as per the
Operations Manual (Output, 10.00, 0%)
Unit of Measure: Number (Thousand)
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 0.00 0.00 25.00
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
►DLI 12 Improve the efficiency of the subsidy application and issuance process (Output, 15.00, 0%)
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119176
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The World Bank Implementation Status & Results Report
Inclusive Housing Finance Program (P150993)
DLI 12.1 DLR 12.1 Carrying out of a review and streamlining of procedures and screening processes of application, analysis and
provision of the subsidy and implementation of recommendations (Output, 7.50, 0%)
Unit of Measure: Yes/No
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value No No No Yes
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
IN01119177
DLI 12.2 DLR 12.2: Pilot delegation of underwriting procedures to selected banks (Output, 7.50, 0%)
Unit of Measure: Number (Thousand)
Indicator Type:
Baseline Actual (Previous) Actual (Current) 2024
Value 0.00 0.00 0.00 5.00
Date -- 31-Jul-2021 02-Mar-2022 --
Comments
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