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POLICY REVIEW
the buyers are unable to insufficient demand is not families have incomes
meet their financial needs the market demand as these lower than 700 USD/Cap
for buying the desired types of buyers cannot (that is 2 dollars per day
dwelling. Such buyers, with afford their desired per family member), these
government assistance can dwelling unit and require a households can, in no way,
afford the housing available heavy assistance for think of ge ing a mortgage
in the market. This affording the desired from any Bank. In these
government assistance can dwelling. This assistance circumstances the dwelling
be extended in different may include up to 50% of has to be highly subsidized
forms such as the marginal the house cost. As the by the administration. The
regulation of interest rates, public sector is always social housing or the public
etc. These alternatives in short of capital, the housing programs have to
the assistance shall be subsidization of this be introduced by the
chosen by the respective category of demand can governments to facilitate
metropolis for the be er normally be done through housing to such residents.
adaptability and ease. The various schemes such as The alternatives like rent to
introduction of cross credit linked subsidies, rent own, Self-construction,
subsidies, regulating the to own schemes, etc. incremental approach or
banking norms, Credit d. Inexistent demand: This is indirect subsidies such as
warranties for lender and the type of demand seen in technical support,
certain tax exemptions can the economically weaker construction materials
provide the assistance to sections present in the provision can be adapted as
meet such potential metropolises. In developing well.
demand. countries with 2000 USD The introduction of the
c. Insufficient demand: The GDP/Cap, most of the structuring of the affordable
Figure 4: Demand structuring for Affordable housing
Source: Author
April 2021 Volume 22 No. 1- SHELTER 73
