The program takes a holistic view of housing finance and includes technical, managerial, and policy issues in international housing finance. Some of the specific topics that will be covered are:

 

  • MODULE I: GLOBAL OVERVIEW OF HOUSING AND HOUSING FINANCE MARKETS
  •    Global Trends in Housing Finance

       Housing Markets, the Economy, and Housing Finance

     

  • MODULE II: INNOVATIONS AND REFORMS IN HOUSING FINANCE SYSTEMS
  •    Developing Housing Finance Systems

       Types of Housing Finance Systems/Strengths and Weakness

     

  • MODULE III: THE BUSINESS OF HOUSING FINANCE
  •    Profitability and Risk of Housing Finance Institutions

     

  • MODULE IV: HOUSING FINANCE INSTRUMENTS AND THEIR LEGAL STRUCTURE
  •    The Mortgage Instrument: Structure and Design

       Principal Legal Challanges in Housing Finance

       Non-Mortgage Housing Finance Instruments

       International Development

     

  • MODULE V: PRIMARY HOUSING FINANCE MARKET INNOVATIONS
  •    Retail Functions

     

  • MODULE VI: DEVELOPMENT AND CONSTRUCTION FINANCE
  •    Equity, Debt

       Real Side and Financial Risks, Pricing

       Equity Investments in Affordable Housing

       Overcoming Constraints in Developer Finance for Low-Income Housing

       Visit High Density Urban and Affordable Housing Projects

     

  • MODULE VII: TYPES OF FUNDING MODELS
  •    Mortgage Funding Basics

       Alternative Capital Market Funding Models

       Valuing Mortgage Instruments and Their Risks

       Country Case

     

  • MODULE VIII: SAFETY AND SOUNDNESS OF FINANCIAL INSTITUTIONS
  •    Housing Cycles and Bubbles

       The Safety Net in Theory and Practice: Depository Institutions

       From Basel II to Basel III

       Participant Case Studies, Discussions

     

  • MODULE IX: SHARI'AH COMPLIANT HOUSING FINANCE
  •    Shari'ah Compliant Housing Finance Market Products in the Primary Market

       Shari'ah Compliant Securitization - Sukuk

     

  • MODULE X: EXPANDING MORTGAGE FINANCE AND HOUSING SERVICES TO LOWER INCOME GROUPS
  •    Limits of Mortgage Finance and Solutions for Expansion

       Market and policy failures

       Incomplete credit markets

       Dealing with Credit Risk: Consumer Education and Consumer Protection

       Dealing with Credit Risk: Mortgage Insurance and Guarantees for Special Risk Groups

       Participant Case Presentations

       Rental Housing Finance

       Financing Social Rental Housing

       Subsidizing Housing Finance

       Participant Cases on Housing Subsidies

     

  • MODULE XI: HOUSING MICRO-FINANCE
  •    Business Models for Housing Micro-Finance

       Participant Cases on Alternative Housing Finance Systems