National Affordable Housing Program

Abstract*

The development objective of the National Affordable Housing Program Project aims to improve access to affordable housing through a mix of demand and supply side interventions targeting both lower-middle income and lower-income households. The projects are comprises into three components. The first components mortgage-linked down payment assistance targets lower middle income households that are unable to access commercial mortgage finance for home... Show More

Development Objective

The development objective of the Program is to improve access to affordable housing for lower income households

Key Details

Project Details

Project ID
P154948
Status
Closed
Team Leader
Dao Harrison , Andre Bald
Borrower 2
Republic of Indonesia

Country
Indonesia
Disclosure Date
November 17, 2016
Approval Date
(as of board presentation)
March 17, 2017
Effective Date
January 24, 2018

Total Project Cost 1
US$ 450.00 million
Implementing Agency
Ministry of Public Works and Housing
Region
East Asia and Pacific
Fiscal Year 3
2017

Commitment Amount
US$ 450.00 million
Environmental Category
B
Last Update Date
September 6, 2023
Closing Date
February 28, 2023

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change48%
- FY17 - Adaptation48%

FY17 - Finance

FY17 - Finance for Development100%
- FY17 - Housing Finance100%

FY17 - Urban and Rural Development

FY17 - Urban Development48%
- FY17 - Services and Housing for the Poor48%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	510.00
International Bank for Reconstruction and Development	450.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	450.00
IDA Commitment	N/A
IBRD + IDA Commitment	450.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	450.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 2, 2019	IBRD-87170	Loan Disb	35,640,000.00
Apr 9, 2018	IBRD-87170	Loan Disb	17,500,800.00
Feb 15, 2018	IBRD-87170	Fee Charges	1,125,000.00
Sep 15, 2018	IBRD-87170	Int Charges	138,698.62
Sep 15, 2018	IBRD-87170	Int Charges	548,064.20
Sep 15, 2018	IBRD-87170	Int Charges	247,344.64
Oct 30, 2018	IBRD-87170	Loan Disb	23,900,000.00
Mar 15, 2019	IBRD-87170	Int Charges	513,917.50
Mar 15, 2019	IBRD-87170	Int Charges	618,628.20
Mar 17, 2017	IBRD-87170	Loan Commitment	450,000,000.00
Apr 5, 2024	IBRD-87170	Loan Disb	-25,280.69
Jan 17, 2024	IBRD-87170	Loan Disb	-342,755.56
Mar 15, 2024	IBRD-87170	Loan Repay	18,622,074.00
Mar 15, 2024	IBRD-87170	Int Charges	164,939.40
Mar 15, 2024	IBRD-87170	Int Charges	11,128,898.00
Jul 30, 2024	IBRD-87170	Loan Disb	-16,917.60
Jul 18, 2023	IBRD-87170	Loan Cancel	49,355,208.00
Jul 18, 2023	IBRD-87170	Loan Disb	-15,511,950.00
Sep 15, 2023	IBRD-87170	Int Charges	28,975.39
Sep 15, 2023	IBRD-87170	Int Charges	11,059,823.00
Sep 15, 2023	IBRD-87170	Loan Repay	19,181,282.00
Mar 15, 2023	IBRD-87170	Int Charges	49,756.90
Oct 17, 2022	IBRD-87170	Loan Disb	35,590,000.00
Sep 15, 2022	IBRD-87170	Int Charges	5,971.51
Sep 15, 2022	IBRD-87170	Int Charges	19,457.16
Sep 15, 2022	IBRD-87170	Int Charges	87,504.92
Sep 15, 2022	IBRD-87170	Int Charges	3,826,859.80
Sep 15, 2022	IBRD-87170	Loan Repay	16,886,784.00
Mar 15, 2023	IBRD-87170	Int Charges	9,085,710.00
Mar 15, 2023	IBRD-87170	Loan Repay	18,886,412.00
Mar 15, 2022	IBRD-87170	Loan Repay	11,732,547.00
Mar 15, 2022	IBRD-87170	Int Charges	215,212.06
Mar 15, 2022	IBRD-87170	Int Charges	1,433,751.60
Sep 15, 2021	IBRD-87170	Int Charges	256,060.75
Sep 15, 2021	IBRD-87170	Int Charges	1,375,069.20
Mar 7, 2022	IBRD-87170	Loan Disb	108,980,000.00
Mar 15, 2021	IBRD-87170	Int Charges	287,965.90
Mar 15, 2021	IBRD-87170	Int Charges	1,289,422.80
Jun 7, 2021	IBRD-87170	Loan Disb	54,247,944.00
Apr 15, 2020	IBRD-87170	Loan Disb	15,920,000.00
Jun 18, 2020	IBRD-87170	Loan Disb	70,107,992.00
Sep 15, 2020	IBRD-87170	Int Charges	341,280.34
Sep 15, 2020	IBRD-87170	Int Charges	1,495,887.60
May 8, 2019	IBRD-87170	Loan Disb	27,000,000.00
Oct 4, 2019	IBRD-87170	Loan Disb	27,270,000.00
Sep 15, 2019	IBRD-87170	Int Charges	490,905.84
Sep 15, 2019	IBRD-87170	Int Charges	1,106,592.60
Mar 15, 2020	IBRD-87170	Int Charges	1,688,097.90
Mar 15, 2020	IBRD-87170	Int Charges	419,418.16

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Moderately Satisfactory	2022-12-02
Progress towards achievement of PDO	Moderately Satisfactory	2022-12-02
Counterpart Funding	Moderately Satisfactory	2022-12-02
Procurement	Moderately Satisfactory	2022-12-02
Monitoring and Evaluation	Moderately Satisfactory	2022-12-02
Overall Implementation Progress (IP)	Moderately Satisfactory	2022-12-02
Project Management	Moderately Satisfactory	2022-12-02
Financial Management	Satisfactory	2022-12-02
Overall Safeguards Rating	Moderately Satisfactory	2022-12-02

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-01-2023
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-05-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Households assisted for affordable house ownership Value 0.00 30422.00 32000.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment

Households receiving a house improvement/ reconstruction stimulant through enhanced Home Improvement Assistance Program	Value	0.00	983606.00	823000.00
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

A Housing and Real Estate Information System (HREIS) developed created and implemented Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Reconstructed and/or improved housing units verified as accurate in beneficiary targeting Value 0.00 98.00 90.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
BP2BT beneficiaries who are in the bottom 60 percent of the income distribution Value 0.00 93.46 80.00
Date October 3, 2016 March 31, 2022 December 30, 2022
Comment
BSPS implementation in urban area Value 20.00 4.80 35.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Beneficiaries from non-salaried sector Value 0.00 59.55 10.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Housing Policy Grand Design developed and submitted to key stakeholders Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Complaints recorded and processed within the service standard applied (disaggregated by gender) Value 0.00 100.00 75.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Participating lenders with >5 percent of program-financed BP2BT annual volume Value 0.00 2.00 3.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment

Beneficiaries satisfied or highly satisfied with BSPS Program for home reconstruction/improvement (disaggregated by gender)	Value	0.00	93.80	80.00
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

BP2BT assistance-linked mortgage finance leveraged Value 0.00 224197903.13 200000000.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Institutional arrangement for housing sector developed and presented to key stakeholders Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Beneficiaries satisfied or highly satisfied with BP2BT Program Value 0.00 82.87 80.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Local Government Affordable Housing Plans developed Value 0.00 0.00 15.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Swadaya Management Information System developed and operationalized Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 31, 2021
Comment
BP2BT IT System developed and operationalized Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 31, 2021
Comment
PPP for Affordable Housing Development Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment

System that tracks and enforces BSPS housing construction compliance towards the structural integrity and health standards developed	Value	No	Yes	Yes
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

BP2BT housing units fulfilling minimum construction standard requirements Value 0.00 41.00 55.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment

BSPS upgraded and/or re-constructed housing units verified as fulfilling construction quality - structural integrity standards	Value	0.00	75.28	55.00
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

Recommendation on a sustainable housing subsidy model developed Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Wire-mesh technology applied to improve the resilience of BSPS upgraded and/or reconstructed housing units Value 0.00 2.91 3.00
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment
Development and piloting of HMF scheme for low income households Value No Yes Yes
Date October 3, 2016 February 28, 2023 December 30, 2022
Comment

BSPS implementation in urban area	Value	20.00	4.80	35.00
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

Beneficiaries from non-salaried sector	Value	0.00	59.55	10.00
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment

PPP for Affordable Housing Development	Value	No	Yes	Yes
	Date	October 3, 2016	February 28, 2023	December 30, 2022
	Comment