Timor Leste Affordable Housing Legal ConsultantUrban Centers In Timor Leste Have Been Expanding Rapidly Since Independence In 2002 As The Country Looks To Transition To A Sustainable Economy And Private Sector Led Growth Much Of The Population Growth Is Concentrated Around The Capital Dili A Consequence Of Increased Migration Particularly Of Timorese Looking For Employment Opportunities Is A Sharp Rise In Unregulated Housing Construction Informal Settlements And Housing Costs Around Dili There Is A Severe Shortage Of Formal Affordable Housing In Dili For Both Low And Middle Income Households The ProjectIfc Will Provide Transaction Advisory Support To The Government Of Timor Leste Gotl For The Selection Of A Developer To Design Build Finance And Maintain The Green And Climate Resilient Housing Units For Low Income And Middle Income Households In Timor Leste Using A Public Private Partnership Ppp Approach The Project Aims To Optimize The Supply Of Affordable Housing Units For Low Income And Middle Income Groups With Minimum Fiscal Impact As Part Of Transaction Advisory Support Ifc Will Undertake National And Site Specific Demand Assessment And Technical And Commercial Evaluation Gotl Is Responsible For Site Selection And Has Selected A Site Near Hera About 10Km West Of Dili Which It Believes Is Suitable For The First Pilot Project Ifc Will Support In Assessing Its Suitability For Ppp And Will Assist In Structuring A Commercially Viable Model To Select A Private Sector Player To Develop The Project As Part Of This Ifc Will Also Undertake Affordability Analysis And Will Catalyze Work By Financial Institutions To Develop Housing Finance Products That Provide Access To Finance To Low Income And Middle Income Households
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