The impact of housing finance policies on the right to adequate housing of those living in poverty 2012, para. 58
Paragraph
Paragraph text
There is also growing awareness of the failure of the housing microfinance industry to reach the poorest. Many housing microfinance programmes, being financially oriented, appear to target the higher-income urban poor (i.e., those with incomes above 50 per cent of the national poverty line) and near poor (a household income of up to 120 or 150 per cent of the national poverty line), the "economically active poor", sometimes those with formal employment and often those with diversified household livelihood strategies. The ultra-poor, i.e., those who are below the fifteenth percentile in the income distribution, often dispersed in rural areas which are costly to serve with credit or physical infrastructure, are not addressed by these programmes. The requirement of secure tenure may further define the client group as being the relatively "better off" poor.
Legal status
Non-negotiated soft law
Body
Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
Document type
Special Procedures' report
Means of adoption
N.A.
Topic(s)
Economic Rights
Poverty
Person(s) affected
N.A.
Year
2012
Paragraph type
Other
Reference
SR Housing, Report to the UNGA (2012), A/67/286, para. 58.