The Asian Development Bank (ADB) started providing low-income housing (LIH) finance in 1977. Since then, 40 loans and grants with LIH components were provided, accounting for 1.07% of the total value of ADB’s loans and grants. Through the 1980s and 1990s, the ADB’s approach to LIH operations evolved from traditional forms of slum upgrading to integrated urban development projects that included housing finance components. The funding levels increased from under $100 million in the late 1970s to over $600 million in the 1990s. During the 2000s, ADB’s urban development projects focused more on urban infrastructure and service provision, and investments on housing declined to about $350 million.