The Global Housing Foundation, a non-profit organisation with United Nations accreditation, is extending its $250 mln (EUR 162 mln) programme of providing affordable housing to slum dwellers to cover Eastern Europe, Latin America and Africa as well as Central America.
The Global Housing Foundation, a non-profit organisation with United Nations accreditation, is extending its $250 mln (EUR 162 mln) programme of providing affordable housing to slum dwellers to cover Eastern Europe, Latin America and Africa as well as Central America.
Announcing the programme during MIPIM, GHF president Tim Wilkens said the aim was to provide affordable homes for several hundred thousand people. 'MIPIM provides us with an ideal platform to raise awareness of the Foundation's work,' Wilkens told reporters.
GHF, launched in 1999, is backed by Merrill Lynch and the United Nations human settlements programme. It aims to give access to loans to the estimated 350 million slum dwellers who are employed or have a source of income which will allow them to repay a long-term micro mortgage.
