Residential Sector in Turkey

Size: px
Start display at page:

Download "Residential Sector in Turkey"

Transcription

1 Residential Sector in Turkey Worldbank Conference May 30th Haluk Sur Chairman of Urban Land Institute Turkey Board Member of Emlak Konut REIT Chairman of TGBC Turkish Green Building Council Founder Board Member of Konutder (Housing Development and Investment Association) Former Chairman of GYODER (The Association of Real Estate Investment Companies)

2 Agenda Turkish Residential Market TOKI Lowering Costs through Green Buildings Housing Finance Mortgage System, Green Mortgages PPP in Urban Transformation Conclusion

3 Residential Market in Turkey Need to meet the pent-up need for low-energy consuming, resourceful energy efficient affordable sustainable housing built up Number of Housing Units Contsructed Housing construction cost breakdown (excluding the land cost) Turkey is at a historical conjunction: Urban Transformation with green housing will improve affordability and quality of housing and community development. Need for making adequate earthquake compliant, EE and quality housing available, accessible and affordable to built ~ 8 million homes to fullfill the needs of urban transformation with socio-economic environmental gains

4 Residential Market Supply Housing Market in Turkey is driven by demand fueled by a combination of population growth, ongoing migration, increasing urbanization, disposable income growth and affordable financing caused demand for new housing to escalate sharply and supply driven market. Annual housing demand of approximately dwellings

5 Residential Market Supply Total Stock In an effort to lower macroeconomic risks, to ease transactions and eliminate disputes between government bodies and owners/tenantsand to induce further deregulation the government is amending three important laws. 1) Termination of Reciprocity principle to ease foreign transactions 2) Amendment to the pre - forested areas (2B) law to eliminate disputes between owners/tenants and the government 3) Condominium ownership law modification enabling a 2/3s majority of condominium owners to decide whether to demolish and reconstruct expected to unleash considerable housing demand given the 7.7m bad stock out of the total 19 million total housing stock in Turkey.

6 Urgency of Urban Transformation & Istanbul Earthquake Damages Country Number of Earthquakes Number of Deaths Affected Population (Million) Economic Damage (US$ Billion) 1. China ,7 8,0 2. Iran ,0 10,9 3. Turkey ,1 16,0 4. Mexico ,5 4,7 5. Afghanistan ,6 1,7 6. Indonesia ,8 0,8 7. Japan ,2 132,0 8. Italy ,7 30,0 9. Greece ,9 7,2 10. USA ,1 25,0 In Turkey 96% of the total surface area and 98% of the population are situated in zones of varying degrees of seismic risk 76% of industrial centers are located in earthquake prone areas Turkey has met nearly half of its housing need (55%) by unlicensed buildings and majority of the existing buildings is of substandard low quality nature A significant portion of the housing stock (40% of 19 million) of Turkey should be refitted, demolished in terms of age, quality & earthquake risk Source: CRED - Centre for Research on the Epidemiology of Disaster An Istanbul earthquake at 8 Richter scale intensity could claim over 500,000 lives and create economic damage over 60 Billion as Istanbul constitutes 20% of total population and has 50% share in the Turkish Economy Catastrophic risk for Turkey Need for a planned and well designed urban regeneration in PPP Many municipalities in Istanbul have initiated urban regeneration projects to rehabilitate unlicensed shanty town housing regions

7 RealEstate Sector (Major Milestones ) 1)Termination of Reciprocity principle 2) Amendment to the forested area (2B) law to eliminate disputes between owners/tenants and the government 3) Condominium ownership law modification enabling a 2/3s majority of condominium owners to decide whether to demolish and reconstruct Establishment of Land Registry Law TOKİ is transferred to the Office of the Prime Minister. TOKİ & Greater Ankara Municipality authorized to plan, develop and create social housing, to transform the urban landscape. Bill 5366 is adopted to protect sites of historic and cultural importance Common Hold & Expropriation Laws Housing and Public Partnership Directorate established (TOKI inside) Mass Housing Law Mass Housing Fund MORTGAGE LAW Restoration & Temporary Land Laws FOREIGN INVESTMENT LAW Establishment of Environment & Urbanization Ministry of Turkey 1996 Habitat 2 was Hosted in Istanbul 2001 The Mass Housing Fund is brought to an end. Housing and Public Partnership Directorate, seperated the Public Participation Administration and the Housing Development Administration (TOKI) became stand alone URBAN REGENERATION LAW 2003 The Emergency Action Plan for Housing and Urban Development five-year goal of 250,000 housing units to be built by the end of 2007.

8 TOKI seeks to be a fair Mediator between the needs of Social Housing and Private Sector

9 TOKI s MISSION Produce housing for regions in Turkey where the private sector is not active, Offer low & middle income groups subsidized housing finance, Offer rural housing opportunities to reduce high urban migration burden Collaborate with local municipalities to create urban renewal projects, Create financial opportunities to finance social housing projects through innovative structures such as Revenue Sharing projects under PPP TOKİ offers subsidized housing loans & offer longer terms then the market, coupled with higher quality modern living conditions to people /families who could not afford it by themselves. To fulfill this mission, TOKI has created financial subsidiaries and affiliates like Emlak Konut REIT. TOKI is active in: Social Housing, Renovation of Squatter Areas and Urban Renewal Projects, Disaster Housing Applications, Agriculture Village Projects, Migrant Dwellings, Income Sharing Projects based on a Revenue Sharing Model,Restoration of Historical and Cultural Buildings.

10

11 TOKI SOCIAL HOUSING FOR LOW & MIDDLE INCOME GROUPS TOKI LAND INSURANCE DOWNPAYMENT & MONTHLY INSTALLMENTS PROJECT DEVELOPMENT SUBCONTRACTOR TENDER PROCESS CONTRACT SIGNING PRICING & SELLING CRITERIA SALE CONTRACT SIGNING FINANCIAL INTERMEDIARIES BUYERS/BENEFICIARIES DOWNPAYMENT & MONTHLY INSTALLMENTS

12 REVENUE SHARING MODEL EMLAK KONUT REIT TOKI LAND FINANCIAL INTERMEDIARIES /as ESCROW BANKS) PROJECT REVENUE : DOWNPAYMENT S& MONTHLY INSTALLMENTS TENDER PROCESS CONTRACTOR'S OFFER CONTRACT AWARD (BEST OFFER) PROGRESS PAYMENT BASED PAYMENTS BASED ON REVENUE SHARING AGREEMENT & UNTIL PROJECT COMPLETION FINANCIAL INTERMEDIARIES /as MORTGAGE BANKS) PROJECT DEVELOPMENT TARGET GROUP "HIGH INCOME" DOWNPAYMENT & MONTHLY INSTALLMENTS PRICING & SELLING CRITERIA SET BY THE CONTRACTOR MARKETTING & SALES SUPPORTED BY FINANCIAL INTERMEDIARIES BUYERS/BENEFICIARIES TITLE DEED AT PROJECT COMPLETION

13 ENVIRONMENT & URBANIZATION MINISTRY of the REPUBLIC of TURKEY

14 Affordable Green Buildings As of % of total energy was consumed by households Turkey amongst top 25 high enery consuming countries Lack of government investment, financial support & appropriate incentive instruments (like tax & land rebates, cheap financing) for the property owner, businesses, developers and financial institutions for EE green buildings Green Buildings ~ 10 billion $ p.a. savings & EE potential ALARMING RAISE IN CO2 EMISSIONS! Weak Monitoring Mechanisms Need incentives for securing retrofit financing through Green Loans Public awareness for green buildings is increasing as goverment utilty bill subsidies are reducing. A green homes certification system is underway by Turkish Green Building Council

15 Green Buildings Expected Impact by 2023 Certified Buildings & Potential Savings Number of Certificated Buildings by 2023 Years Total Number of Certificated Project Total Number of Certificated Building Total Number of Residential Buildings Total % Years Total Energy & Water Savings (2023) Not Obligated Total Number of Certificated Building Total Savings by Year ($) TOTAL Years Obligated Total Number of Certificated Building Total Savings by Year ($) TOTAL TOPLAM Source: GYODER / Gülcemal Alhanlıoğlu & PhD M. Emre Çamlıbel

16 Comparison of Housing Loans Markets Turkish Market Interest Rates Implied LTV at ~ 25% on average between 2007 and 2011 given the underlying still high interest rates and average maturities. Current situation in housing finance: ~ 60% Inheritance or self finance ~ 15% Borrowing from relatives, friends & employees ~ 25% Mortgage Credit LTV to reach 50 by 2030, with still room to grow to the 75% standard set by the BRSA (Banking Regulatory Authority). Mortgage Loans,,ML Rates, ML/GDP Affordability is non-existent in Turkey, as evidenced by a high Median Multiple among developed and emerging countries Comparison of Median Multiples The Affordibility Index

17 SECURITIZATION HOUSING PRICES Mortgage System & Its Effects to the Real Estate Sector HOUSING DEMAND DEVELOPERS HOUSING MARKET HOUSING SUPPLY HOUSING DEMAND Appraisal Companies Appraisal Companies Appraisal Companies PRIMARY MARKET HOUSING FINANCE COMPANIES CERTIFIED APPRAISAL ASSOCIATION SECONDARY MARKET INVESTORS HOME PRODUCTION HOUSING DEMAND PURCHASERS 1.BANKS 2.LEASING Co s.. 3.CONSUMER FINANCE Co s Domestic Investors Foreign Investors INVESTOR PROTECTION FUND HOUSING MARKET PROPOSED HOUSING FINANCE SYSTEM UNDER THE 2007 MORTGAGE LEGISLATION SECONDARY MARKET STILL PENDING * Almost everyone enthusiastic about the Mortgage system & waiting for the secondary regulations to be enacted & system to be operational * Mortgages expected to give a strong boost to the real estate sector by helping transformation in squatter housing regions of cities * Mortgage system is destined to target a big portion of the population.

18 PPP in Urban Transformation Through the new Regenaration law enacted by the Ministry of Environment and Urbanization, Turkey is at a very unique cross road in order to define its Housing Road Map and has the power to develop a detailed implementation plan that will serve as a blue-print for improved sustainibility & affordable housing in collaboration with community and the private sector Government Needs technical knowhow on setting implementation policies and new set of monitoring skills Can take some risks Needs to build a self funding incentive system Preserve local quality of life Economic Development Demonstrate Energy Efficiency Private Sector Has Knowledge & Skills Needs capital & financing & Secondary Markets Needs risk sharing Needs incentives to invest into low income and green technologies land prices expensive - need land incentive Need to support a sustainable & environment friendly housing Needs of Public Healthier/durable home ownership Earthquake compliant higher quality EE housing Improved community life Better life standards To have a voice in the outcome Reduced maintenance costs Lower utility bills Increased resale value

19 Conclusive Remarks Increased public sensitivity to better housing quality & developer reliability especially after the 1999 Marmara earthquakes Pent Up Renewal & reinforcement requirements Driven an urgent need for urban regeneration need to raise 700 bn$ to regenare 8 m homes within 20 yrs Turn slums into quality assets Reduced disaster risk & economic-disruption catastrophic risk Greater national economic resilience Higher Energy Efficiency Reduced Current Account Deficit Higher national sovereign credit rating Lower cost of capital on all national sovereign borrowing Need sound Secondary Market to fuel Mortgage System in Turkey & attract solid direct FDI & mortgage funds in the real estate sector to finance urban transformation and growth Need Redeemable Subsidy System Lower housing costs Increased affordability Collabolarion with Private Sector Players & Communities

20 Q & A The Historical Peninsula, Blue Mosque and St. Sophia in Istanbul THANK YOU

Real Estate in Turkey: Still Cumbersome, but Still Valuable

Real Estate in Turkey: Still Cumbersome, but Still Valuable ENERGY BULLETIN REAL ESTATE BULLETIN November 2010 Real Estate in Turkey: Still Cumbersome, but Still Valuable Despite the fact that it has been over two years since the Land Registry Law No. 2644 (the

More information

WORLD BANK/IFC 6 TH GLOBAL HOUSING FINANCE CONFERENCE, AFFORDABLE HOUSING FINANCE: THE ROLE OF GOVERNMENT MRS AKON EYAKENYI

WORLD BANK/IFC 6 TH GLOBAL HOUSING FINANCE CONFERENCE, AFFORDABLE HOUSING FINANCE: THE ROLE OF GOVERNMENT MRS AKON EYAKENYI WORLD BANK/IFC 6 TH GLOBAL HOUSING FINANCE CONFERENCE, 28-29 MAY, 2014, WASHINGTON DC, UNITED STATES OF AMERICA. PRESENTATION ON AFFORDABLE HOUSING FINANCE: THE ROLE OF GOVERNMENT BY: MRS AKON EYAKENYI

More information

Policy Choices to Promote and Support Energy Efficiency in Housing Buildings. Claude Taffin (DINAMIC) Washington D.C., May

Policy Choices to Promote and Support Energy Efficiency in Housing Buildings. Claude Taffin (DINAMIC) Washington D.C., May Policy Choices to Promote and Support Energy Efficiency in Housing Buildings Claude Taffin (DINAMIC) Washington D.C., May 29 2014 What is DINAMIC? A demanding acronym that means: Development of Notaries

More information

World Bank Regional Conference on Housing Finance Sept, 2008

World Bank Regional Conference on Housing Finance Sept, 2008 World Bank Regional Conference on Housing Finance Sept, 2008 Zaigham Mahmood Rizvi Chairman HBFC, Pakistan Advisor to State Bank of Pakistan on Housing & Infrastructure Regional Scenario Housing market

More information

Enhancement of quality of houses including earthquake resilience through financial assistance : Japanese experience. Masahiro Kobayashi

Enhancement of quality of houses including earthquake resilience through financial assistance : Japanese experience. Masahiro Kobayashi World Bank-GFDRR March 17, 2016 Tokyo Disaster Risk Management Seminar No.8 "Building Regulation for Resilience: Managing Risks for Safer Cities Enhancement of quality of houses including earthquake resilience

More information

Participants of the Ministerial Meeting on Housing and Land Management on 8 October 2013 in Geneva

Participants of the Ministerial Meeting on Housing and Land Management on 8 October 2013 in Geneva Summary At its meeting on 2 April 2012, the Bureau of the Committee on Housing and Land Management of the United Nations Economic Commission for Europe agreed on the need for a Strategy for Sustainable

More information

Implementing Agency Department of Housing, Ministry of Local Government, Urban Development, Housing and Environment

Implementing Agency Department of Housing, Ministry of Local Government, Urban Development, Housing and Environment Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROJECT INFORMATION DOCUMENT (PID) IDENTIFICATION/CONCEPT STAGE Report No.: PIDC56649

More information

HOUSING POLICIES THAT SAVE (AND IMPROVE) LIVES, PROTECT ASSETS AND SHIELD ECONOMIES. Sameh Naguib Wahba

HOUSING POLICIES THAT SAVE (AND IMPROVE) LIVES, PROTECT ASSETS AND SHIELD ECONOMIES. Sameh Naguib Wahba HOUSING POLICIES THAT SAVE (AND IMPROVE) LIVES, PROTECT ASSETS AND SHIELD ECONOMIES Sameh Naguib Wahba Global Director for Urban and Territorial Development, Disaster Risk Management and Resilience WORLD

More information

Commercial Real Estate Finance: Going Green. Dan Kastilahn Urban Habitat Chicago March 5, 2008

Commercial Real Estate Finance: Going Green. Dan Kastilahn Urban Habitat Chicago March 5, 2008 Commercial Real Estate Finance: Going Green Dan Kastilahn Urban Habitat Chicago March 5, 2008 1 Topics Traditional real estate finance in the capital markets Portfolio lenders Securitization (CMBS) Underwriting

More information

RECENT DEVELOPMENTS IN HOUSING FINANCE IN LITHUANIA

RECENT DEVELOPMENTS IN HOUSING FINANCE IN LITHUANIA HOUSING AND URBAN DEVELOPMENT FOUNDATION RECENT DEVELOPMENTS IN HOUSING FINANCE IN LITHUANIA Eduardas Kazakevičius 1 SUMMARY! Macro environment conducive of housing finance development: GDP, prices, interest

More information

How to buy. 8th edition. 500 copies. property in TURKEY? January 2019

How to buy. 8th edition. 500 copies. property in TURKEY? January 2019 How to buy property in TURKEY? 8th edition 500 copies January 2019 How to Get Turkish Citizenship by Investment in Turkey? The lower limit of fixed capital investments to acquire Turkish citizenship for

More information

REIDIN REAL ESTATE INDICES APRIL 2017 RESULTS MAY 15, 2017

REIDIN REAL ESTATE INDICES APRIL 2017 RESULTS MAY 15, 2017 REIDIN REAL ESTATE INDICES APRIL 2017 RESULTS MAY 15, 2017 SUPPORTED BY İŞBANK REIDIN-GYODER NEW HOME PRICE INDICES APRIL 2017 RESULTS ISSUE 77 INDEX SUMMARY İŞBANK s Retail Loans Manager Mr. Recep Haki:

More information

Economic and Social Council

Economic and Social Council United Nations Economic and Social Council Distr.: General 4 July 2016 ECE/HBP/2016/7 Original: English Economic Commission for Europe Committee on Housing and Land Management Seventy-seventh session Geneva,

More information

More affordable housing is needed Ostrava March

More affordable housing is needed Ostrava March More affordable housing is needed Ostrava March 14 2018 Researcher President International Union of Tenants svenbergen@telia.com I will talk about Trends in Europe Housing differs from any other market

More information

The City shall support a suitable mix of housing by: [9J (3)(c)(5)]

The City shall support a suitable mix of housing by: [9J (3)(c)(5)] GOALS, OBJECTIVES AND POLICIES GOAL #1: The City of Titusville shall, through its comprehensive plan, make provision for adequate and affordable housing that meet the physical and social needs of all segments

More information

The Low-Income Housing Tax Credit and the Hurricane Katrina Relief Effort

The Low-Income Housing Tax Credit and the Hurricane Katrina Relief Effort TO: FROM: Senate Committee on Finance Hurricane Katrina: Community Rebuilding Needs and Effectiveness of Past Proposals September 28, 2005 Affordable Housing Tax Credit Coalition c/o Hunton & Williams

More information

by Mallam Musa Dangoggo Aliyu, Managing Director/CEO, Urban Shelter Limited.

by Mallam Musa Dangoggo Aliyu, Managing Director/CEO, Urban Shelter Limited. by Mallam Musa Dangoggo Aliyu, Managing Director/CEO, Urban Shelter Limited. Paper delivered at the 1 st Aso Housing Exhibition & Conference 17-18 th March, 2011 Great pleasure being here! Housing plays

More information

High Level Summary of Statistics Housing and Regeneration

High Level Summary of Statistics Housing and Regeneration High Level Summary of Statistics Housing and Regeneration Housing market... 2 Tenure... 2 New housing supply... 3 House prices... 5 Quality... 7 Dampness, condensation and the Scottish Housing Quality

More information

Economic and Social Council

Economic and Social Council United Nations Economic and Social Council Distr.: General 16 July 2012 ECE/HBP/2012/3 Original: English Economic Commission for Europe Committee on Housing and Land Management Seventy-third session Geneva,

More information

The Characteristics of Land Readjustment Systems in Japan, Thailand, and Mongolia and an Evaluation of the Applicability to Developing Countries

The Characteristics of Land Readjustment Systems in Japan, Thailand, and Mongolia and an Evaluation of the Applicability to Developing Countries ISCP2014 Hanoi, Vietnam Proceedings of International Symposium on City Planning 2014 The Characteristics of Land Readjustment Systems in Japan, Thailand, and Mongolia and an Evaluation of the Applicability

More information

AN APPROACH FOR RE-ENGINEERING ORGANIZATIONAL STRUCTURE OF REAL ESTATE VALUATION SYSTEM IN TURKEY. Nuri ERDEM, Mehmet ÇETE TURKEY

AN APPROACH FOR RE-ENGINEERING ORGANIZATIONAL STRUCTURE OF REAL ESTATE VALUATION SYSTEM IN TURKEY. Nuri ERDEM, Mehmet ÇETE TURKEY AN APPROACH FOR RE-ENGINEERING ORGANIZATIONAL STRUCTURE OF REAL ESTATE VALUATION SYSTEM IN TURKEY Nuri ERDEM, Mehmet ÇETE TURKEY Content Introduction Organizational Structure of Real Estate Valuation System

More information

Maintain its 10% set-aside for proposals involving the preservation and rehabilitation of existing multifamily rental housing in the final 2014 QAP.

Maintain its 10% set-aside for proposals involving the preservation and rehabilitation of existing multifamily rental housing in the final 2014 QAP. October 16, 2013 Mark Shelburn North Carolina Housing Finance Agency 2508 Bush Street Raleigh, NC 27609 Re: North Carolina Draft 2014 Qualified Allocation Plan Dear Mr. Shelburn: The National Housing Trust

More information

Bulgarian Housing. Status and Prospectives

Bulgarian Housing. Status and Prospectives Bulgarian Housing. Status and Prospectives George Georgiev, PhD, Architect, Associate Professor Department of Architecture, New Bulgarian University E: gngeorgiev@nbu.bg W: www.nbu.bg Bulgaria brief Territory

More information

ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DALY CITY REPEALING AND REPLACING CHAPTER RE: INCLUSIONARY HOUSING

ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DALY CITY REPEALING AND REPLACING CHAPTER RE: INCLUSIONARY HOUSING ORDINANCE NO. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DALY CITY REPEALING AND REPLACING CHAPTER 17.47 RE: INCLUSIONARY HOUSING The City Council of the City of Daly City, DOES ORDAIN as follows:

More information

Vietnam Land Administration - the Past, Recent and for the Future

Vietnam Land Administration - the Past, Recent and for the Future Mr. Ton Gia Huyen, Former Director General of General Department of Land Administration and Mrs. Tran Thi Minh Ha, Director of International Relation Department, Ministry of Natural Resources and Environment,

More information

EXPANDING SCHEMES TO LOWER AND INFORMAL SECTOR 8 th Global Housing Finance Conference Washington DC, 31 th May 2018

EXPANDING SCHEMES TO LOWER AND INFORMAL SECTOR 8 th Global Housing Finance Conference Washington DC, 31 th May 2018 EXPANDING SCHEMES TO LOWER AND INFORMAL SECTOR 8 th Global Housing Finance Conference Washington DC, 31 th May 2018 PRESENTED BY: Dr. Lana Winayanti Director General for Housing Finance Ministry of Public

More information

Naturally Occurring Affordable Housing Preservation. March 1, 2018

Naturally Occurring Affordable Housing Preservation. March 1, 2018 Naturally Occurring Affordable Housing Preservation March 1, 2018 Agenda Miami Affordable Housing Preservation Subsidized and NOAH Preservation NOAH Inventory Solutions Capital Capacity Policy 2 NOAH NOAH

More information

33 rd SHELTER AFRIQUE ANNUAL GENERAL MEETING ABIDJAN, GOLF HOTEL

33 rd SHELTER AFRIQUE ANNUAL GENERAL MEETING ABIDJAN, GOLF HOTEL 33 rd SHELTER AFRIQUE ANNUAL GENERAL MEETING ABIDJAN, GOLF HOTEL MINISTRY OF CONSTRUCTION, HOUSING, SANITATION AND URBAN PLANNING ----------------------- REPUBLIQUE DE COTE D IVOIRE Union Discipline Travail

More information

Scottish Election 2007 Summary of Party Manifestos. Scottish Labour Party Election Manifesto 2007

Scottish Election 2007 Summary of Party Manifestos. Scottish Labour Party Election Manifesto 2007 Scottish Election 2007 Summary of Party Manifestos Scottish Labour Party Election Manifesto 2007 Housing Communities There is clearly an under supply of new homes. Through the National Planning Framework,

More information

Framework for Cost -Effective Housing Programs

Framework for Cost -Effective Housing Programs Framework for Cost -Effective Housing Programs The Problem Many countries have severe housing shortages with annual production deficits of hundreds of thousands of homes. Housing supply systems are not

More information

FUNDING SOURCES FOR AFFORDABLE HOUSING IN HANCOCK COUNTY, MAINE

FUNDING SOURCES FOR AFFORDABLE HOUSING IN HANCOCK COUNTY, MAINE FUNDING SOURCES FOR AFFORDABLE HOUSING IN HANCOCK COUNTY, MAINE March 2013 Prepared by: Hancock County Planning Commission, 395 State Street Ellsworth, ME 04605 www.hcpcme.org voice: 207-667-7131 Fax:

More information

Barbados. Land. Governance. Assessment A N A L Y S I S

Barbados. Land. Governance. Assessment A N A L Y S I S Barbados Land Governance Assessment A N A L Y S I S Methodology - Activities Strengths widest participation across all spheres of land discipline. Through coverage of land administration and management.

More information

Scheme of Service. for. Housing Officers

Scheme of Service. for. Housing Officers REPUBLIC OF KENYA Scheme of Service for Housing Officers APPROVED BY THE PUBLIC SERVICE COMMISSION AND ISSUED BY THE PERMANENT SECRETARY MINISTRY OF STATE FOR PUBLIC SERVICE OFFICE OF THE PRIME MINISTER

More information

Channelling Financial Flows for Adequate and Affordable Housing

Channelling Financial Flows for Adequate and Affordable Housing Channelling Financial Flows for Adequate and Affordable Housing Renu Sud Karnad Joint Managing Director Housing Development Finance Corporation Limited - India FIG Working Week 28 Integrating Generations

More information

ROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING. Section 26 of the Constitution enshrines the right to housing as follows:

ROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING. Section 26 of the Constitution enshrines the right to housing as follows: 1 ROLE OF SOUTH AFRICAN GOVERNMENT IN SOCIAL HOUSING Constitution Section 26 of the Constitution enshrines the right to housing as follows: Everyone has the right to have access to adequate housing The

More information

QUEENSTOWN-LAKES DISTRICT HOUSING ACCORD

QUEENSTOWN-LAKES DISTRICT HOUSING ACCORD QUEENSTOWN-LAKES DISTRICT HOUSING ACCORD Queenstown-Lakes Housing Accord 1. The Queenstown-Lakes Housing Accord (the Accord) between Queenstown-Lakes District Council (the Council) and the Government is

More information

Chryssy Potsiou,Greece Marilena Theodorou, Cyprus Elikkos Elia, Cyprus

Chryssy Potsiou,Greece Marilena Theodorou, Cyprus Elikkos Elia, Cyprus INFORMAL DEVELOPMENT DUE TO MARKET PRESSURE- A CASE STUDY ON CYPRUS AND THE ROLE OF LAND ADMINISTRATION Chryssy Potsiou,Greece Marilena Theodorou, Cyprus Elikkos Elia, Cyprus Objectives of the study The

More information

How to Ready Your Organization for the Trudeau Investment in Infrastructure

How to Ready Your Organization for the Trudeau Investment in Infrastructure How to Ready Your Organization for the Trudeau Investment in Infrastructure The National Situation Speaker: Don McBain, OAHS Election Platform 2015 New plan for a strong middle class We will renew federal

More information

Retrofitting of social housing in Estonia. Marit Otsing Estonian Union of Cooperative Housing Associations

Retrofitting of social housing in Estonia. Marit Otsing Estonian Union of Cooperative Housing Associations Retrofitting of social housing in Estonia Marit Otsing Estonian Union of Cooperative Housing Associations Conference Retrofitting of Social Housing Financing and Policy Options Thessaloniki, 08.11.2006

More information

Housing New Zealand Investor Update

Housing New Zealand Investor Update Housing New Zealand Investor Update May 2018 Matthew Needham CFO Matthew.needham@hnzc.co.nz Sam Direen Treasury Manager Sam.direen@hnzc.co.nz Disclaimer This presentation has been prepared by Housing New

More information

Guidance for Habitat for Humanity Affiliates January 12, 2011

Guidance for Habitat for Humanity Affiliates January 12, 2011 January 12, 2011 Community Planning and Development NSP Policy Alert! Guidance for Habitat for Humanity Affiliates January 12, 2011 Overview Habitat for Humanity utilizes a unique development model to

More information

PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: PIDA Project Name. Region Country Sector(s) Theme(s)

PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: PIDA Project Name. Region Country Sector(s) Theme(s) Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name Region Country Sector(s) Theme(s) Lending Instrument Project ID Borrower(s)

More information

M A N N E S M A N N A.S / REAL ESTATE AND PROJECT APPRAISAL REPORT Bodrum/MUĞLA

M A N N E S M A N N A.S / REAL ESTATE AND PROJECT APPRAISAL REPORT Bodrum/MUĞLA M A N N E S M A N N A.S. 2018 / 2019 REAL ESTATE AND PROJECT APPRAISAL REPORT Bodrum/MUĞLA EXECUTIVE SUMMARY The property subject to appraisal and its use: The real estate of land type without any building

More information

2007 IBB Housing Market Report

2007 IBB Housing Market Report 2007 IBB Housing Market Report Summary www.ibb.de Foreword Foreword Berlin s housing market remains on the move. The current trend, which is stronger than in previous years, shows the breakdown of the

More information

THE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE

THE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE THE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE Presenter: Prof.Dr.rer.pol. Stefan Kofner, MCIH Budapest, MRI Silver Jubilee 3. November 2014 MRI Silver Jubilee

More information

The Amsterdam housing market and the role of housing associations

The Amsterdam housing market and the role of housing associations The Amsterdam housing market and the role of housing associations presentation, 19 April, 2007 for Verein für Wohnbauförderung Wien Jeroen van der Veer Amsterdamse federatie van woningcorporaties Highest

More information

Below Market Rate (BMR) Housing Mitigation Program Procedural Manual

Below Market Rate (BMR) Housing Mitigation Program Procedural Manual Below Market Rate (BMR) Housing Mitigation Program Procedural Manual Amended and Adopted by City Council May 5, 2015 Resolution No. 15-037 City of Cupertino Housing Division Department of Community Development

More information

THAT Council receives for information the Report from the Planner II dated April 25, 2016 with respect to the annual Housing Report update.

THAT Council receives for information the Report from the Planner II dated April 25, 2016 with respect to the annual Housing Report update. Report to Council Date: April 25, 2016 File: 1200-40 To: From: Subject: City Manager Laura Bentley, Planner II, Policy & Planning Annual Housing Report Update Recommendation: THAT Council receives for

More information

Residential Buildings in Bulgaria

Residential Buildings in Bulgaria Energy Saving Measures in Residential Buildings in Bulgaria Bulgarian Housing Association Bulgaria brief Territory 111 000 m 2 Population 7.4 million Sofia 1.2 million 73% urban population p EU member

More information

Trinidad and Tobago Land Governance Assessment. Charisse Griffith-Charles

Trinidad and Tobago Land Governance Assessment. Charisse Griffith-Charles Trinidad and Tobago Land Governance Assessment Charisse Griffith-Charles 2 Land Characteristics of Trinidad and Tobago Land Area 5,528 sq km. Internal waters 7,134 sq. km. Territorial sea 9,337 sq. km.

More information

IASB Agenda Consultation Thank you for the opportunity to comment on the International Accounting Standards Board s Agenda Consultation.

IASB Agenda Consultation Thank you for the opportunity to comment on the International Accounting Standards Board s Agenda Consultation. 13 December 2011 Mr Hans Hoogervorst Chairman International Accounting Standards Board 30 Cannon Street London, EC4M 6XH United Kingdom Submitted via commentletters@ifrs.org Dear Mr Hoogervorst IASB Agenda

More information

Land Markets and Land Rights in support of the Millennium Development Goals

Land Markets and Land Rights in support of the Millennium Development Goals Land Markets and Land Rights in support of the Millennium Development Goals A Global Perspective Prof. Stig Enemark President Aalborg University, Denmark 3rd LAND ADMINISTRATION FORUM FOR THE ASIA AND

More information

A Joint UN-Habitat GLTN and FIG session CoFLAS: Progress Report

A Joint UN-Habitat GLTN and FIG session CoFLAS: Progress Report GLTN BRIEFING AND PROGRAMME A Joint UN-Habitat GLTN and FIG session CoFLAS: Progress Report An Assessment of the likely Return on Investment of A LAS Reform and Financing Implication of the Reform CheeHai

More information

SELWYN HOUSING ACCORD

SELWYN HOUSING ACCORD SELWYN HOUSING ACCORD Selwyn Housing Accord 1 The Selwyn Housing Accord between the Selwyn District Council (the Council) and the Government is intended to increase land and housing supply in the Selwyn

More information

Welcome to the 9 th Annual Spring Housing Conference

Welcome to the 9 th Annual Spring Housing Conference Welcome to the 9 th Annual Spring Housing Conference Session One: The Washington Update 1 Opportunity In Focus: Latest Pronouncements from RAD/FHA Update Session Two: QOZ s Optimizing Opportunities 2 Qualified

More information

FIG Task Force on: Property and Housing

FIG Task Force on: Property and Housing International Federation of Surveyors Fédération Internationale des Géomètres International Vereinigung der Vermessungsingenieure FIG Task Force on: Property and Housing Chryssy Potsiou, Assist Prof, FIG

More information

China: Case of Chengdu

China: Case of Chengdu Exploring an Integrated Rural and Urban Development in China: Case of Chengdu Qin-Daihong, Deputy Director Committee for Balanced Rural-Urban Development, Chengdu Introduction of Chengdu Chengdu, located

More information

The South Australian Housing Trust Triennial Review to

The South Australian Housing Trust Triennial Review to The South Australian Housing Trust Triennial Review 2013-14 to 2016-17 Purpose of the review The review of the South Australian Housing Trust (SAHT) reflects on the activities and performance of the SAHT

More information

Subject. Date: 2016/10/25. Originator s file: CD.06.AFF. Chair and Members of Planning and Development Committee

Subject. Date: 2016/10/25. Originator s file: CD.06.AFF. Chair and Members of Planning and Development Committee Date: 2016/10/25 Originator s file: To: Chair and Members of Planning and Development Committee CD.06.AFF From: Edward R. Sajecki, Commissioner of Planning and Building Meeting date: 2016/11/14 Subject

More information

HOUSING ELEMENT GOALS, OBJECTIVES, AND POLICIES

HOUSING ELEMENT GOALS, OBJECTIVES, AND POLICIES HOUSING ELEMENT GOALS, OBJECTIVES, AND POLICIES GOAL 1: To promote the preservation and development of high-quality, balanced, and diverse housing options for persons of all income levels throughout the

More information

Assets, Regeneration & Growth Committee 17 March Development of new affordable homes by Barnet Homes Registered Provider ( Opendoor Homes )

Assets, Regeneration & Growth Committee 17 March Development of new affordable homes by Barnet Homes Registered Provider ( Opendoor Homes ) Assets, Regeneration & Growth Committee 17 March 2016 Title Report of Wards Status Urgent Key Enclosures Officer Contact Details Development of new affordable homes by Barnet Homes Registered Provider

More information

FORMALIZATION OF INFORMAL REAL ESTATE. Prof Chryssy Potsiou FIG President, UNECE WPLA bureau member

FORMALIZATION OF INFORMAL REAL ESTATE. Prof Chryssy Potsiou FIG President, UNECE WPLA bureau member FORMALIZATION OF INFORMAL REAL ESTATE Prof Chryssy Potsiou FIG President, UNECE WPLA bureau member chryssy.potsiou@gmail.com Procedures for the legalization and registration of buildings and building units-challenges

More information

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2. Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross

More information

Resettlement Policy Framework

Resettlement Policy Framework Republic of Turkey Second Renewable Energy and Energy Efficiency Project Resettlement Policy Framework Background 1. The Second Renewable Energy and Energy Efficiency Project will fund private sector investments

More information

Urban Land Policy and Housing for Poor and Women in Amhara Region: The Case of Bahir Dar City. Eskedar Birhan Endashaw

Urban Land Policy and Housing for Poor and Women in Amhara Region: The Case of Bahir Dar City. Eskedar Birhan Endashaw Urban Land Policy and Housing for Poor and Women in Amhara Region: The Case of Bahir Dar City Bahir Dar University, Institute Of Land Administration Eskedar Birhan Endashaw Session agenda: Land Policy

More information

Republic of Turkey Additional Financing to Second Renewable Energy and Energy Efficiency Project Resettlement Policy Framework For TSKB and TKB

Republic of Turkey Additional Financing to Second Renewable Energy and Energy Efficiency Project Resettlement Policy Framework For TSKB and TKB Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Republic of Turkey Additional Financing to Second Renewable Energy and Energy Efficiency

More information

ANNUAL ELEMENT PROGRESS REPORT Housing Element Implementation (CCR Title )

ANNUAL ELEMENT PROGRESS REPORT Housing Element Implementation (CCR Title ) page 1 of 18 Table A Annual Building Activity Report Summary - New Construction Very Low-, Low-, and Mixed-Income Multifamily Projects 1 2 Project Identifier (may be APN No., project name or address) Unit

More information

Initiatives of Vilnius City Municipality on renovation of Dwelling Houses Programme Renew the house renew the City

Initiatives of Vilnius City Municipality on renovation of Dwelling Houses Programme Renew the house renew the City Initiatives of Vilnius City Municipality on renovation of Dwelling Houses Programme Renew the house renew the City Mr. Kęstutis Nėnius, The leader of the programme GEF grant The Global Environment Fund

More information

The URD II Plan, for example, drafted in 1991 recognized both the need and opportunity for affordable housing development stating on page 49:

The URD II Plan, for example, drafted in 1991 recognized both the need and opportunity for affordable housing development stating on page 49: PROPOSAL TO MISSOULA REDEVELOPMENT AGENCY FOR AFFORDABLE HOUSING PROGRAM The lack of inventory and inaccessibility to affordable housing in Missoula are longrecognized and well-documented problems. Too

More information

UNECE workshop on: Cadastral and real estate registration systems: Economic information for real estate markets in the UNECE region

UNECE workshop on: Cadastral and real estate registration systems: Economic information for real estate markets in the UNECE region UNECE workshop on: Cadastral and real estate registration systems: Economic information for real estate markets in the UNECE region Roma, 5-65 6 May 2011 Maurizio Festa Agenzia del Territorio Head of Statistics

More information

Suburban Sprawl: Exposing Hidden Costs, Identifying Innovations. Summary

Suburban Sprawl: Exposing Hidden Costs, Identifying Innovations. Summary : Exposing Hidden Costs, Identifying Innovations Summary October 2013 Suburban sprawl is spreading across Canada as cities expand outwards to accommodate the growing demand for lower cost houses. But it

More information

The long experience of Greece addressing the question of Informal Settlements

The long experience of Greece addressing the question of Informal Settlements National Technical University of Athens School of Rural and Surveying Engineering The long experience of Greece addressing the question of Informal Settlements Dr Chryssy A Potsiou, Lecturer NTUA chryssyp@survey.ntua.gr

More information

WORKSHOP ON TAX POLICY FOR DOMESTIC RESOURCE MOBILIZATION AND SEMINAR ON PROPERTY TAX REFORM: THE PHILIPPINE REGALA EXPERIENCE

WORKSHOP ON TAX POLICY FOR DOMESTIC RESOURCE MOBILIZATION AND SEMINAR ON PROPERTY TAX REFORM: THE PHILIPPINE REGALA EXPERIENCE WORKSHOP ON TAX POLICY FOR DOMESTIC RESOURCE MOBILIZATION AND SEMINAR ON PROPERTY TAX REFORM: THE PHILIPPINE REGALA EXPERIENCE ADBI, Tokyo 20-23 February 2018 The Philippines is at a critical juncture.

More information

Promoting Affordable Housing in Madison s Isthmus Neighborhoods

Promoting Affordable Housing in Madison s Isthmus Neighborhoods Promoting Affordable Housing in Madison s Isthmus Neighborhoods Purpose: The purpose is to preserve income diversity in neighborhoods in the face of significantly rising housing costs. The objective is

More information

Energy Company Obligation: Help to Heat Consultation

Energy Company Obligation: Help to Heat Consultation August 2016 Response: Energy Company Obligation: Help to Heat Consultation Summary of key points: The UK housing stock is amongst the least energy efficient in Europe and it must be recognised that ECO

More information

Legal Analysis of Memorandum of Understanding between the Government of Timor Leste and GTLeste Biotech. Legal issues concerning land and evictions

Legal Analysis of Memorandum of Understanding between the Government of Timor Leste and GTLeste Biotech. Legal issues concerning land and evictions Legal Analysis of Memorandum of Understanding between the Government of Timor Leste and GTLeste Biotech Legal issues concerning land and evictions A Memorandum of Understanding (MOU) was signed between

More information

Green Affordable Housing

Green Affordable Housing istockphoto/peart Green Affordable Housing Within Our Reach David M. Abromowitz December 2008 w w w.americanprogress.org Green Affordable Housing Within Our Reach David M. Abromowitz December 2008 Executive

More information

Day 1 Session 1 'Rajiv Awas Yojana - Slum Free India Mission' by P.K.Mohanty (Joint Secretary and Mission Director JNNURM, MoHUPA)

Day 1 Session 1 'Rajiv Awas Yojana - Slum Free India Mission' by P.K.Mohanty (Joint Secretary and Mission Director JNNURM, MoHUPA) Cities Alliance Project Output Day 1 Session 1 ' - Slum Free India Mission' by P.K.Mohanty (Joint Secretary and Mission Director JNNURM, MoHUPA) India International Workshop: Scaling up Upgrading and Affordable

More information

An Approach for Re-Engineering Organizational Structure of Real Estate Valuation System in Turkey

An Approach for Re-Engineering Organizational Structure of Real Estate Valuation System in Turkey An Approach for Re-Engineering Organizational Structure of Real Estate Valuation System in Turkey Nuri ERDEM and Mehmet CETE, Turkey Keywords: Real estate, Valuation, Organizational Structure, Re-Engineering,

More information

SERC 1 Housing Research Review

SERC 1 Housing Research Review SERC 1 Housing Research Review George Penfold, Carol Murray, Rebecca Pearson BC-Alberta Social Economy Research Alliance (BALTA) 2008 Symposium November 13-14, Vancouver, BC Presentation Themes Overview

More information

N.C. Housing Finance Agency

N.C. Housing Finance Agency N.C. Housing Finance Agency A. Robert Kucab Executive Director Joint Appropriations Subcommittee on General Government N.C. Housing Finance Agency Established in G.S. Chapter 122A Created in 1973 Self-supporting

More information

CAN A PUBLIC-PRIVATE PARTNERSHIP IN LAND REGISTRATION PROVIDE A VEHICLE FOR GREATER INCLUSION AND BETTER GOVERNANCE?

CAN A PUBLIC-PRIVATE PARTNERSHIP IN LAND REGISTRATION PROVIDE A VEHICLE FOR GREATER INCLUSION AND BETTER GOVERNANCE? CAN A PUBLIC-PRIVATE PARTNERSHIP IN LAND REGISTRATION PROVIDE A VEHICLE FOR GREATER INCLUSION AND BETTER GOVERNANCE? Mika-Petteri Törhönen, Victoria Stanley, And Victoria Delmon ANNUAL WORLD BANK CONFERENCE

More information

CITY OF MIAMI SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP)

CITY OF MIAMI SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) CITY OF MIAMI SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2007/2008, 2008/2009 AND 2009/2010 I. PROGRAM DESCRIPTION: A. Name of the participating local government and Interlocal if Applicable:

More information

Proposal to Restructure

Proposal to Restructure ~ Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Date: November 10,2008 Country: Ukraine Project Name: Rural Land Titling and Cadastre

More information

Introducing Transparency and Rationality into the Home Buying Process A RESNET Policy Proposal October 2013

Introducing Transparency and Rationality into the Home Buying Process A RESNET Policy Proposal October 2013 Introducing Transparency and Rationality into the Home Buying Process A RESNET Policy Proposal October 2013 Published by: Residential Energy Services Network, Inc. http://resnet.us Copyright, Residential

More information

The cost of increasing social and affordable housing supply in New South Wales

The cost of increasing social and affordable housing supply in New South Wales The cost of increasing social and affordable housing supply in New South Wales Prepared for Shelter NSW Date December 2014 Prepared by Emilio Ferrer 0412 2512 701 eferrer@sphere.com.au 1 Contents 1 Background

More information

ISSUES OF EFFICIENCY IN PUBLIC REAL ESTATE RESOURCES MANAGEMENT

ISSUES OF EFFICIENCY IN PUBLIC REAL ESTATE RESOURCES MANAGEMENT Alina Zrobek-Rozanska (MSC) Prof. Ryszard Zrobek University of Warmia and Mazury in Olsztyn, Poland rzrobek@uwm.edu.pl alina.zrobek@uwm.edu.pl ISSUES OF EFFICIENCY IN PUBLIC REAL ESTATE RESOURCES MANAGEMENT

More information

Core Element 6 Appropriate Regulation

Core Element 6 Appropriate Regulation Core Element 6 Appropriate Regulation While this crisis had many causes, it is clear now that the government could have done more to prevent many of these problems from growing out of control and threatening

More information

B8 Can public sector land help solve the housing crisis?

B8 Can public sector land help solve the housing crisis? B8 Can public sector land help solve the housing crisis? Speakers: Chair: Claire O Shaughnessy Head of Land and Regeneration Homes and Communities Agency Clive Skidmore Head of Regeneration and Development

More information

The Affordable Housing Credit Improvement Act of 2016

The Affordable Housing Credit Improvement Act of 2016 The Affordable Improvement Act of 2016 S. 3237 Sponsored by Senator Maria Cantwell (D-WA) and co-sponsored by Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR), the

More information

HOUSING ELEMENT GOALS, OBJECTIVES, & POLICIES

HOUSING ELEMENT GOALS, OBJECTIVES, & POLICIES HOUSING ELEMENT GOALS, OBJECTIVES, & POLICIES GOAL H-1: ENSURE THE PROVISION OF SAFE, AFFORDABLE, AND ADEQUATE HOUSING FOR ALL CURRENT AND FUTURE RESIDENTS OF WALTON COUNTY. Objective H-1.1: Develop a

More information

4/18/2016. Preservation of Existing Affordable Housing Housing Summit Oklahoma City

4/18/2016. Preservation of Existing Affordable Housing Housing Summit Oklahoma City Preservation of Existing Affordable Housing 2016 Housing Summit Oklahoma City Laura Abernathy National Housing Trust National Housing Trust The National Housing Trust protects and improves existing affordable

More information

A Dozen Questions and Answers about Affordable Home Ownership Programs

A Dozen Questions and Answers about Affordable Home Ownership Programs A Dozen Questions and Answers about Affordable Home Ownership Programs 1. Who is the target market for affordable ownership housing? Affordable homeownership housing providers target households not well

More information

Democratising Property Investments

Democratising Property Investments Democratising Property Investments What I wish to share today 1. Property sector outlook 2. How theedgeproperty.com can help you make better property investment decisions Property Sector Outlook The property

More information

NEW CHALLENGES IN URBAN GOVERNANCE AND FINANCE

NEW CHALLENGES IN URBAN GOVERNANCE AND FINANCE Final International Conference Paris January 15-16, 2015 NEW CHALLENGES IN URBAN GOVERNANCE AND FINANCE Zhi Liu Peking University Lincoln Institute of Land Policy Center for Urban Development and Land

More information

Superintendent of Real Estate Ministry of Finance Vancouver

Superintendent of Real Estate Ministry of Finance Vancouver Superintendent of Real Estate Ministry of Finance Vancouver A challenging and exciting opportunity to enhance British Columbia s reputation for effective regulation of the real estate sector The newly

More information

The Real Estate and Land Market of Russia: Factors of the Sustainable Development

The Real Estate and Land Market of Russia: Factors of the Sustainable Development The Real Estate and Land Market of Russia: Factors of the Sustainable Development Vasily Nilipovskiy (State University of Land Use Planning, Moscow, Russia) ? &! and! &? There is no definite answer in

More information

PALAIS DES NATIONS 1211 GENEVA 10, SWITZERLAND

PALAIS DES NATIONS 1211 GENEVA 10, SWITZERLAND PALAIS DES NATIONS 1211 GENEVA 10, SWITZERLAND Mandates of the Working Group on the issue of human rights and transnational corporations and other business enterprises and the Special Rapporteur on adequate

More information

Kulshan Community Land Trust 1303 Commercial Street, Suite 6, Bellingham, WA phone (360)

Kulshan Community Land Trust 1303 Commercial Street, Suite 6, Bellingham, WA phone (360) HomeBuyer Manual ---------------------------------------------------------------------------------------------------------------------------- Kulshan Community Land Trust 1303 Commercial Street, Suite

More information

Section 7. HOME Investment Partnership Program And American Dream Downpayment Act

Section 7. HOME Investment Partnership Program And American Dream Downpayment Act Section 7 HOME Investment Partnership Program And American Dream Downpayment Act HOME Investment Partnership Program Because every community has a need for adequate, affordable housing, the Federal Government

More information