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