Abstract

SERRANO RODRIGUEZ, Javier. Funding for Housing. rev.ing. [online]. 2011, n.35, pp.61-78. ISSN 0121-4993.

This article reviews the development of the financing for home purchasing in Colombia before and after the crisis of the UPAC system, their institutions and the major events occurring since the beginning of the UPAC to the end of the first half of 2011. In this article it is analyzed the current structure of housing finance system for both, Social Interest Housing (SIH) and non SIH, the existing supports, emphasizing the importance of housing subsidies to complete the necessary financing for non SIH purchases. Through two examples it is shown that the subsidy is not enough because of home prices; it is also shown that despite the recovery that has taken place, the financing outstanding balance for home purchases has not yet reached the levels it had when the UPAC system crisis occurred, as long as the comparison is done in constant pesos.

Keywords : Housing; financing for home purchasing; Colombia; UPAC system.

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