Strengthening Latvia’s Housing Affordability Fund
The Latvian government established the Housing Affordability Fund in mid-2022, a long-term self-sustaining financing model to channel investment into affordable housing. The fund is now being scaled up to ensure lasting impact on the Latvian housing market. This report identifies options for institutional arrangements, funding and financing opportunities, and operational tools to achieve this aim. It draws on the rich and diverse experiences of four peer countries in establishing and operating revolving fund schemes for affordable housing (Austria, Denmark, the Netherlands and Slovenia), and also reflects findings from engagement with a range of stakeholders in the Latvian housing sector.
Overview and key recommendations
This chapter provides an overview of the main findings and recommendations of the report, which aims to support the Latvian Government in scaling up the newly established Housing Affordability Fund to channel investment into affordable housing. Drawing on lessons from four peer countries with revolving fund schemes for affordable housing – Austria, Denmark, the Netherlands and Slovenia – the chapter proposes a roadmap of 16 Policy Actions to inform the development of the Fund over the medium- to long-term.
- Click to access:
-
Click to download PDF - 527.66KBPDF