Strengthening Latvia’s Housing Affordability Fund

EU Funded Note The Latvian government established the Housing Affordability Fund in mid-2022, a long-term self-sustaining financing model to channel investment into affordable housing. The fund is now being scaled up to ensure lasting impact on the Latvian housing market. This report identifies options for institutional arrangements, funding and financing opportunities, and operational tools to achieve this aim. It draws on the rich and diverse experiences of four peer countries in establishing and operating revolving fund schemes for affordable housing (Austria, Denmark, the Netherlands and Slovenia), and also reflects findings from engagement with a range of stakeholders in the Latvian housing sector.

Published on June 15, 2023


Executive summary
Overview and key recommendations
Boosting investment in affordable housing in Latvia: The potential of a revolving fund scheme
Setting up a revolving fund scheme to channel investment into affordable housing in Latvia
Funding and financing affordable housing through a revolving fund scheme in Latvia
Operating a revolving fund scheme for affordable housing in Latvia
Country notes: Approaches to financing affordable housing in Austria, Denmark, the Netherlands, Slovenia
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