Structure of this document

Housing and housing affordability are outputs of value chains

• Supply side: Land → Owned homes
• Demand side: Eligible households → Enforceable liens
• Weak or broken value-chain links thwart policy intentions
• The differences among need, effective demand, underwritable demand, financeable demand
• Informality and its gradations
• Formality is the endgame; formality is an ‘illusion’
• Aggregation to underwritability to formalization

A presentation on financing housing for the people of bottom of pyramid.