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IDB World: Financial Innovation; Private Funding for the Power Sector; Green Housing

We present three selected IDB Group blog posts on financial innovation in the real estate industry, private funding for the power sector and the involvement of the private sector in the development of green housing.

Abandoned houses prove golden opportunity: An interview with Antonio Díaz, Founder and CEO of Provive
Abandoned houses prove golden opportunity: An interview with Antonio Díaz, Founder and CEO of Provive

Miriam, 43, lives in Cañadas del Florido, a low-income neighborhood in Tijuana, Baja California, the northernmost state of Mexico.  Three years ago, on any given day, Miriam and her three children would watch criminals, drug addicts, and vagrants frequent the empty house next-door. Their streets were littered with garbage and dead animals. This is not an uncommon situation in the Mexican neighborhoods, or fraccionamientos, where more than seven million houses were built by developers with mortgages from the government in the last decade. Thanks to Provive, Miriam’s life has since changed. 

Something New in BOP Housing
Something New in BOP Housing

By Christy Stickney, author of Many Paths to a Home: Emerging Business Models for Latin America and the Caribbean’s Base of the Pyramid; and Lina Salazar Ortegón, Opportunities for the Majority at the IDB I’m intrigued by FOMEPADE, a rising star in Mexico’s financial scene.  Conceived by microfinance veteran Juan José Gutiérrez Chapa (a founding partner of Banco Compartamos) to provide quality housing to underserved markets, FOMEPADE launched in 2012 a housing loan program that incorporates housing providers into a unique value chain for the families at the base of the pyramid (BOP). FOMEPADE’s promising ventures in affordable housing for the BOP offer evidence that new players and business models are emerging, forging inroads into BOP housing markets in Latin America and the Caribbean (LAC).

What Can We Learn From Today’s Housing Sector in Latin America and the Caribbean?
What Can We Learn From Today’s Housing Sector in Latin America and the Caribbean?

The shortage of housing impacts on a major number of people in the region. Only sharing experiences and knowledge will we be able to find sustainable long-term solutions.