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Download or read book Implementation Completion and Results Report (IBRD-73060) for a Programatic Loan for Sustainable Anfd Equitagble Grouwth: Housing Sector Reform in the Amount of US$ 5032.50 Million to the Federative Republic of Brazil written by World Bank. Latin America and the Caribbean Regional Office. Brazil Country Management Unit. Sustainable Development Management Unit and published by . This book was released on 2009 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ratings for the Programmatic Loan for Sustainable and Equitable Growth : Housing Sector Reform Project for Brazil were as follows: outcomes were satisfactory, the risk to development outcome was low, Bank performance was satisfactory, and Borrower performance was also satisfactory. Some lessons learned included: government participation in the analytical preparation and formulation of the policy reform agenda is to ensuring long-term commitment. While some specific activities within the results framework did not evolve as planned, the Government has shown a clear commitment, through several large scale programs, to developing the housing sector based on the conceptual policy guidelines espoused in the Development Policy Loan (DPL). Linking housing construction to economic stimulus plans is an effective and politically palatable means of spurring housing construction for specific income groups as well as generating employment. The launch of the Minha Casa, Minha Vida stimulus package has gained broad support within Brazil and will catalyze housing programs identified in the National Housing Plan. The use of the trust deed in housing finance instead of the traditional mortgage has proven to function extremely well in a context like Brazil because it provides a stronger incentive to pay since title is only transferred when the loan is paid in full. Indeed, loans based on trust deed in Brazil have had a lower foreclosure rate than loans based on other forms of security like a mortgage lien. DPLs with reform agendas that require specific actions from the private sector, require the identification of tools to ensure an open dialogue between the public and private sectors during implementation.