HOUSING AND HOUSING FINANCIAL INSTITUTIONS IN THE CONTEXT OF ETHIOPIANS

Dr. M Moses Antony Rajendran ()
Additional contact information
Dr. M Moses Antony Rajendran: Associate Professor, Department of Accounting and Finance Wollega Univeristy, Nekemte, Ethiopia

Far East Journal of Psychology and Business, 2013, vol. 12 No 2 Paper 3 August, issue 3, 17-21

Abstract: Housing is an essential human need. The need for housing will therefore exist, as long as human beings exist in the world. It is in this contest that house financing plays a key role in providing the necessary financial assistance for construction, extension and modification of housing. Provision of basic housing facility has been one of the priorities of developing countries. International financing agencies such as the World Bank is providing all the facilities and assistance to the country for the purpose of housing development. Many factors have contributed to the growth of housing finance in Ethiopia. Budgetary support provided by the government for housing in the form of tax incentives, relatively higher pay packets for employees, new heightened competition among the HFCs, etc. are important in this regard. Housing finance companies consider such factors as the loan amount, the tenure, cost of loan etc. before deciding to extend housing finance assistance. Among the agencies that provide housing finance facility which are important since they contribute more than 80 per cent of the funding required for housing development in Ethiopia.

Keywords: Home Finance; Housing Projects; Houses; Finance Facility. (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.fareastjournals.com/files/FEJPBV12N2P3.pdf (application/pdf)
http://www.fareastjournals.com/archive_detail.aspx?jid=18&aid=41 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fej:articl:v:12b:y:2013:i:3:p:17-21

Access Statistics for this article

More articles in Far East Journal of Psychology and Business from Far East Research Centre
Bibliographic data for series maintained by Jim Chau ( this e-mail address is bad, please contact ).