“Risks must be reduced in order to attract private capital to housing projects," Srinivas Sampath, Director for Water and Urban Development at the Asian Development Bank (ADB), said during the session titled “A New Deal for Housing Finance” held within the framework of WUF13, APA-Economics reports.
He stated that national governments, city administrations, development banks, the private sector and communities each have separate roles in affordable housing projects.
Srinivas Sampath noted that city administrations play a key role in the integration of transportation, land provision and planning permits.
According to him, the goal of development banks is to attract larger private investments by using limited capital.
The ADB official emphasized that for this purpose, a multilayered financing structure should be created, and the state, international financial institutions and development capital should reduce risks for the private sector.
Srinivas Sampath added that funds from charitable foundations could also help attract private investments by assuming initial risks.
According to him, there is sufficient capital in the world, but these funds do not flow into many projects because they are not properly structured.
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