Affordable housing trust funds to the rescue?
V Sanjugtha | 05 Jul 2019 00:30
Creating homes that the people can afford is an ongoing problem in every country. Some have found a degree of solace in creating trusts to oversee both the end-financing and development funding of affordable homes.
The Pakatan Harapan (PH) government’s manifesto of building one million affordable homes within the decade has been scoffed as a tall order. The hurdles in the way of achieving this largely stem from funding and financing.
How will the government fund the construction of so many homes, given its limited coffers? With reportedly high loan rejection rates, even if the homes were built, how will the rakyat afford to buy them?
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