• Founded in 1999 by Rene Frank

• Global Housing Foundation is an international Not-for-Profit Organization

• Global Housing Foundation is an official NGO of UN-Habitat with special consultative status

• Mr. Gerard W. Bakker is European Director and responsible for the Eastern Central European Countries and formal Sovjet Republics.

Global Housing Foundation

History

• 1.2 Billion People live in Urban Slums. It is expected this will be 2.0 billion people in 10 years time.

• More than 400 million of these people are actively employed but lack decent housing

Global Housing Foundation

Necessity

Global Housing Foundation

Global Housing Foundation

Global Housing Foundation

Goals• To enable the development of adequate & sustainable housing for the working poor slum dwellers

• Melding a micro mortgage program with affordable home ownership

• To promote property rights, homeownership, economic development, women’s rights & best practices

• To be an independent, self sustaining not-for-profit NGO

Global Housing Foundation

• Municipal Participation with government program• Land• Cost of infrastructure• Appraisals

• Local Developers using local labor and materials build the communities

• Local Banks originate the loans

Global Housing Foundation

Process

• Create the financial framework for the distribution of low-income housing mortgages.

• Coordinate with local banks in the financial system

Global Housing Foundation

GHF Role

United Nations’ Role• Technical assistance and training in areas relevant to project implementation

• Involvement in Community organizations and NGOs.

• Coordination with international agencies

• Guarantees by United Nations

Bank of America - Merrill Lynch’s Role• Provide long-term funds through the securitization of the micro-mortgages

• Establish parameters for the granting of mortgages

• Establish parameters for mortgage purchase

Information we need from Eastern European Countries:

1) What are the construction costs per square meter;2)  What are the infrastructure costs;3)  What are the land costs (costs per square meter);

Global Housing Foundation

4)  If the local government (city) is able and willing to donate the land for our initiative (or if the land is available against a very low cost price);

5)  The idea is also to renovate old buildings. Are there local any old buildings which are suitable for these renovation plans?6)   If the region/city is suitable for our plans, can you provide us with the average salary of its residents;7) For a mortgage of € 12.000,-- the purchaser needs a family monthly income of € 400,-- depending on the interest rate and amortization

Global Housing Foundation

8)  Are local residents / families able to receive a title for the land after purchasing a house;9)  What are the local taxes;10) Is there a local bank available with

international connections that is able and willing to help us with mortgages? The local bank needs for finance 20% of the loans and is responsible for the collection of interest and amortization

11) Will the local government / city help its residents with grants and / or interest rebates?

Global Housing Foundation

Global Housing Foundation Eastern Europe:Mr. Gerard W. BakkerBeethovenstraat 871077 HR AMSTERDAMTel.: + 31 20 6702641Fax.: + 31 20 670 2641Email: globalhousingfoundation@gwbakker.comWebsite: www.globalhousingfoundation.org