| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 100.00 |
Support to the National Housing Program Project
Abstract*
The Project aims to support families in the acquisition of new housing and thus improve their quality of life. It will do this by supporting the the Government of the Dominican Republic's National Housing Program (Plan Nacional de Vivienda Familia Feliz, PNVFF) managed by the Ministry of the Presidency (MINPRE) through the National Housing Fund (Fondo Nacional de la Vivienda, FONVIVIENDA). The PNVFF supports Dominican families in the purchase of their... Show More
Development Objective
The objective of the Project is to increase access to affordable and resilient housing for eligible households in the Dominican Republic.
Key Details
Project Details
P176581
Active
Andre Herzog , Jean Lobet
Dominican Republic
June 22, 2021
(as of board presentation)
May 31, 2022
September 3, 2024
US$ 600.00 million
Ministry of the Presidency
2022
US$ 100.00 million
N/A
Moderate
June 30, 2026
Yes
BANK APPROVED
January 31, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 100.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 600.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 31, 2022 | IBRD-93920 | Loan Commitment | 100,000,000.00 |
| Sep 3, 2024 | IBRD-93920 | Fee Charges | 250,000.00 |
| Sep 3, 2024 | IBRD-93920 | Loan Disb | 250,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-10-18 |
| Project Management | Satisfactory | 2024-10-18 |
| Progress towards achievement of PDO | Satisfactory | 2024-10-18 |
| Financial Management | Satisfactory | 2024-10-18 |
| Monitoring and Evaluation | Satisfactory | 2024-10-18 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-10-18 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Eligible households with access to formal housing Value 0.00 0.00 19798.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment Female headed households (FHH) with access to formal housing Value 0.00 0.00 1944.00 Date Comment People provided with improved urban living conditions Value 0.00 0.00 19002.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment People provided with improved urban living conditions - Female (RMS requirement) Value 0.00 0.00 4666.00 Date Comment Mortgage financing that the PNVFF leverages Value 0.00 0.00 500000000.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Affordable housing units under the Project that comply with all requisite standards, including disaster-resilient standards Value 0.00 0.00 100.00 Date May 31, 2022 November 28, 2023 June 30, 2025 Comment Study on instruments to support the deepening of the mortgage market completed Value No No Yes Date June 30, 2022 November 28, 2023 June 30, 2026 Comment Grievances recorded in the GRM system addressed within 15 working days and communicated back to the concerned stakeholders Value 0.00 0.00 80.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment Financial institutions providing mortgage financing to eligible households Value 0.00 0.00 5.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment Technical assistance for calibrating the design of the subsidies of the PNVFF provided Value No No Yes Date May 31, 2022 November 28, 2023 June 30, 2026 Comment Households satisfied or very satisfied with the new housing solutions Value 0.00 0.00 85.00 Date May 31, 2022 November 28, 2023 June 30, 2026 Comment