📋 Tender Overview
Project Name
Enhancing Access to Affordable and Energy-Efficient Housing Project
Project Number
58345-001
Country / Economy
Kyrgyz Republic
Project Status
Proposed
Project Type / Modality of Assistance
Loan
Source of Funding / Amount
Loan: Enhancing Access to Affordable and Energy Efficient Housing Project
Concessional ordinary capital resources lending US$ 45.00 million
Asian Development Fund US$ 20.00 million
Sector / Subsector
Finance / Finance sector development - Housing finance
Gender
Effective gender mainstreaming
Description
The project aims to promote affordable mortgages to low-to-moderate income level, which meet green criteria, to support access to housing finance by the low-to-moderate income group including women. Proposed solutions include: (i) supporting the development and funding of long-term green mortgages enabling the low-to-moderate income population, including women borrowers, who are not served by the existing mortgage programs of SMC or the commercial banking sector to acquire new green and energy efficient housing; (ii) supporting the development and funding of renovation loans aiming at adapting existing housing to the impacts of climate change; (iii) creating a sustainable financing scheme including the adoption of ESG principles enabling SMC to blend private finance and more effectively support the commercial mortgage market's development and; (iv) supporting development and adoption of green housing criteria and building standards for use by the private construction sector and banks.
Project Rationale and Linkage to Country/Regional Strategy
The Kyrgyz Republic is at high risk in terms of climate vulnerability. The project will promote green mortgage financing activities in the financial sector by supporting the standardization of green housing criteria and integrated energy efficiency measures in the construction sector and mortgages market and offer longer-term funding to the commercial banking sector.
Impact
TBD
Outcome
TBD
Outputs
TBD
Geographical Location
Nation-wide
