Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title22 days23 days23 days
    WDI
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Are there subsidized funding sources for mortgage lenders?YesYesYes
    International Development Bank
    		B.1.1
    B.2 Subsidies to Households
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    Are there subsidies to households on housing finance?YesYesYes
    RAP
    		B.2.1
    Buy-down of monthly/interest paymentsYes  
    Global Housing Indicators
    		B.2.1.2
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2013End of 2012End of 2011SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    back to top | Country Data:
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Substandard units calculated as any dwellings without direct access to water through public or private services. That is, they rely on wells, rivers, and streams to collect water for their homes.
    Notes: 12,503.8 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 168mm in 2 public pension funds INJUPEMP and IMPREMA
    Notes: 18,393.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 23,068.4 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 25,075.1 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 26,913.9 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: 30,073.0 million lempiras with an exchange rate 1 USD equal to 19.05 Lempiras
    Notes: 32,488.3 million lempiras with an exchange rate 1 USD equal to 19.96 Lempiras
    Notes: 33,683.5 million lempiras with an exchange rate 1 USD equal to 20.59 Lempiras
    Notes: 5,112.5 million lempiras with an exchange rate of 1 USD equal to 15.92 Lempiras
    Notes: 5,779.9 million lempiras with an exchange rate 1 USD equal to 16.92 Lempiras
    Notes: 6,738.7 million lempiras with an exchange rate 1 USD equal to 17.75 Lempiras
    Notes: 8,033.6 million lempiras with an exchange rate 1 USD equal to 18.63 Lempiras
    Notes: 9,448.5 million lempiras with an exchange rate 1 USD equal to 18.90 Lempiras
    Notes: BANHPROVI
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed includes five housing finance related activities: housing purchase, lot and construction, housing construction, lot purchase, and improvements. (Compra de vivienda, lote y construccion, construccion de vivienda, compra de lote y mejoras), which is extracted from the total in housing sector.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: Figure listed is only based on total credits to production and housing sector, including: Housing, Micro-credit, Production and Real Estate sectors.
    Notes: FONAPROVI was established in 1997
    Notes: FONAPROVI, RAP, are the second-tier institutions that lend mortgage funds at below-market rates.
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: Government agencies, especially the Honduran Bank of Production and Housing
    Notes: http://books.google.com/books?id=1Z4GkOALh6YC&pg=PA15&lpg=PA15&dq=honduras+mortgage+LTV&source=bl&ots=BupOg9nXEn&sig=ZqMNMkqICwKbqrCMrZTOKu3sn-U&hl=en&sa=X&ei=XCM6VMKsKtXIsASg7YDIDA&ved=0CD4Q6AEwBQ#v=onepage&q=honduras%20mortgage%20LTV&f=false
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: https://www.imf.org/external/pubs/ft/scr/2016/cr16363.pdf
    Notes: Number of commercial banks / number of total institutions, based on a list of institutions given by BANHPROVI
    Notes: Number of non-depository institutions / total number of institutions, based on a list given by banhprovi
    Notes: Number of other depository institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: Number of other institutions / number of total institutions, based on a list given by BANHPROVI
    Notes: RAP and FUNDEVI provides subsidies to households.
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: RAP was created in the context of FOSOVI in 1991
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Foundation for Development of Urban and Rural Social Housing (FUNDEVI), was born from the merger of two major programs: The Minimum Rural Housing Program (PVMR) and the Integral Program for Improving Urban Housing (PRIMHUR) in 2000.
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: The Honduran Bank for Production and Housing (BANHPROVI) was created in 2005 to promote develpment through the provision of universal banking financial services for production and housing
    Notes: There were two second–tier institutions that lend mortgage funds at below–market rates, FONAPROVI (Fondo Nacional ara la Producción y la Vivienda) and RAP (Regimen de Aportaciones Privados). Their lending rate to banks were ~15%. A third institution that makes smaller loans in combination with a subsidy is FUNDEVI (Fundación para el Deasarrollo de la Vivienda Urbana y Rural). Its lending rate was 21%.
    Notes: Total mortgage porfolio was 747mm USD, 378mm USD were in commercial banks and S&Ls
    Notes: total mortgage portfolio is 747 mm USD, 168mm were in 2 public pension funds, PRIMHUR and PVMR held 27mm and 6mm