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Policies and Mechanisms of Public Financing for Social Housing in Peru

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  • Karen Soledad Villanueva-Paredes

    (Faculty of Architecture and Civil and Environmental Engineerings, Universidad Católica de Santa María, Arequipa 04011, Peru)

  • Grace Ximena Villanueva-Paredes

    (Faculty of Economic-Administrative Sciences, Universidad Católica de Santa María, Arequipa 04011, Peru)

Abstract

Social housing in Peru is a significant contemporary urban issue. This study aims to assess the current state of supply and demand for social housing. The methodology employed involved examining indicators, socioeconomic reports, existing regulations, and relevant literature on social housing. Through this approach, we were able to determine the demand profile, identify the characteristics of the available supply, comprehend the dynamics of social housing programs, and establish the correlation between supply and demand. The ultimate goal was to explore the options for acquiring this type of housing. In Peru, the acquisition of social housing is facilitated through the Fondo MIVIVIENDA program, which operates through two primary mechanisms: Techo Propio and Nuevo Crédito MIVIVIENDA. The findings of this study reveal that the social housing offered in the country falls short of meeting the current demand of various socioeconomic sectors. This discrepancy arises from several factors, indicating that family income alone is not the sole limiting factor. The absence of consistent and well-designed public policies further exacerbates the issue, hindering social development, impeding citizens’ access to a better quality of life, and undermining their social inclusion.

Suggested Citation

  • Karen Soledad Villanueva-Paredes & Grace Ximena Villanueva-Paredes, 2023. "Policies and Mechanisms of Public Financing for Social Housing in Peru," Sustainability, MDPI, vol. 15(11), pages 1-22, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:11:p:8919-:d:1161472
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    References listed on IDEAS

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    1. Irene Molina & Darinka Czischke & Raquel Rolnik, 2019. "Housing policy issues in contemporary South America: an introduction," International Journal of Housing Policy, Taylor & Francis Journals, vol. 19(3), pages 277-287, July.
    2. Marcelle Engler Bridi & Joao Soliman-Junior & Ariovaldo Denis Granja & Patricia Tzortzopoulos & Vanessa Gomes & Doris Catharine Cornelie Knatz Kowaltowski, 2022. "Living Labs in Social Housing Upgrades: Process, Challenges and Recommendations," Sustainability, MDPI, vol. 14(5), pages 1-18, February.
    3. Grazia Napoli & Maria Rosa Trovato & Simona Barbaro, 2022. "Social Housing and Affordable Rent: The Effectiveness of Legal Thresholds of Rents in Two Italian Metropolitan Cities," Sustainability, MDPI, vol. 14(12), pages 1-32, June.
    4. Irene Molina & Darinka Czischke & Raquel Rolnik, 2019. "Housing policy issues in contemporary South America: an introduction," European Journal of Housing Policy, Taylor and Francis Journals, vol. 19(3), pages 277-287, July.
    5. Khalid Abdullah Mulhim Al Mulhim & Mohammad Shahidul Hasan Swapan & Shahed Khan, 2022. "Critical Junctures in Sustainable Social Housing Policy Development in Saudi Arabia: A Review," Sustainability, MDPI, vol. 14(5), pages 1-19, March.
    6. Giovanna Mangialardi & Angelo Corallo & Mariangela Lazoi & Barbara Scozzi, 2022. "Process View to Innovate the Management of the Social Housing System: A Multiple Case Study," Sustainability, MDPI, vol. 14(14), pages 1-20, July.
    7. Jhon Ricardo Escorcia Hernández & Sara Torabi Moghadam & Patrizia Lombardi, 2023. "Sustainability Assessment in Social Housing Environments: An Inclusive Indicators Selection in Colombian Post-Pandemic Cities," Sustainability, MDPI, vol. 15(3), pages 1-24, February.
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