POLICY LAB ON RENTAL HOUSING India RENTAL ASSISTANCE
POLICY LAB ON RENTAL HOUSING India RENTAL ASSISTANCE PROGRAM GUILLERMO ROLANDO | September 16, 2020 Deputy Minister of Housing and Urban Development Government of Chile
EVALUATION PRIOR TO THE RENTAL SUBSIDY | CHILE CONDITIONS OF HOUSING OCCUPATION PER 120, 0% QUINTILE OF INCOME | Casen 2011 100, 0% 25, 4% 21, 1% 17, 8% 13, 3% 17, 5% 20, 4% 14, 5% 26, 0% 80, 0% 9, 7% 32, 3% 17, 7% 21, 9% 60, 0% In Chile, the people with the lowest income are the population that rent less OWNER RENTAL 40, 0% 61, 3% 61, 4% 61, 8% 59, 5% 58, 0% 60, 4% I II IV V Total 20, 0% OTHER
EVALUATION PRIOR TO THE RENTAL SUBSIDY | CHILE PERCENTAGE OF RENTAL HOMES ACCORDING TO CONTRACT AND QUINTILE OF INCOME| Casen 2011 In Chile, the people with the lowest income are more likely to rent without a contract. WITH CONTRACT WITHOUT CONTRACT
HOW LONG YOU WILL STAY IN YOUR PRESENT HOME? EXPECTATIONS FOR MOVEMENT ACCORDING TO AGE | Casen 2011 AGE RANGE 18 – 29 years 30 – 44 years The majority of the young people considers that their current living space is temporary. 1 YEAR OR LESS 2 – 3 YEARS 45 and more years 4 YEARS OR MORE FOREVER
REQUIEREMENTS FOR FLEXIBILITY IN THE HOUSING SITUATION AVERAGE HOUSING SIZE ACCORDING TO AGE OF THE HEAD OF HOUSEHOLD IN URBAN AREAS AVERAGE HOUSING SIZE The average size of home in young families (18 -24) has one person less than older families (35– 39). 18 – 24 25 -29 30 – 34 35 – 39 40 -59 60 and older
RENTAL SUBSIDY PROGRAM ESTIMATED VALUE OF RENTAL PER MONTH (US) 400 The amount provided by the beneficiary 150 Amount of subsidy US 400 DEMAND SIDE MODEL § Beneficiary chooses the house § Subsidy up to 8 years § It can be applied in any región of the country at any time § Residental mobility § Rental contract template provided by the goverment
RENTAL SUBSIDY PROGRAM PAYMENT SYSTEM 1 Beneficiary Registration of payment 4 Bank account of the rental program 2 Owner 3 MINVU Ministery Payment to the landlord (subsidy plus payment benefit) Payment to the bank
ANOTHER APPLICATIONS EMERGENCIES | CATASTROPHIES
ANOTHER APPLICATIONS OVERCROWDING
ANOTHER APPLICATIONS INCOME EMERGENCY TO AVOID EVICTIONS (EX CORONAVIRUS)
LEARNINGS RENTAL MODEL AS A NEW ALTERNATIVE TO THE OWNERSHIP MODEL • Model Flexibility • Social and spatial mobility • Quick implementation FUTURE CHALLENGES • New rental offers • Market |multifamily • New governmental program • Balance between landlord and tenant
Policy Lab on rental housing RENTAL ASSISTANCE PROGRAM India GUILLERMO ROLANDO | September 16, 2020 Deputy Minister of Housing and Urban Development Government of Chile
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