Pakistan Housing Finance Project

The development objective of Housing Finance Project is to increase access to housing finance for households, and support capital market development in Pakistan. This project has three components. 1) The first component, Supporting Pakistan Mortgage Refinance Company (PMRC) in Strengthening its Capital Base, aims to help strengthen PMRC’s capital base so it can operate on a sustainable basis and become a highly rated bond issuer in Pakistan. 2) The second component, Supporting the Expansion of Mortgage Loans, aims to provide incentives for Primary Mortgage Lender (PMLs) to increase access to mortgage loans to a larger segment of the population. It has the following subcomponents: (a) Line of Credit; and (b) Risk‐Sharing Facility. 3) The third component, Capacity Building for Housing Policy and Analytics, aims to enhance analytical capacity and policy formulation for sound national housing policy and for addressing supply‐side constraints that hamper the development of affordable housing stock in Pakistan.