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Affordable housing vis a vis affordable financing: does it matter?

Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysi...

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Main Authors: Redzuan, Nur Harena, Kassim, Salina
Format: Conference or Workshop Item
Language:English
Published: 2015
Subjects:
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf
http://irep.iium.edu.my/69558/
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spelling my.iium.irep.695582019-02-11T03:54:18Z http://irep.iium.edu.my/69558/ Affordable housing vis a vis affordable financing: does it matter? Redzuan, Nur Harena Kassim, Salina HG3368 Islamic Banking and Finance Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysia and the efforts being made to address the gap. The study highlights the issues of challenges of affordable housing and discusses the financing facilities of affordable houses provided by the Malaysia government. This conceptual paper attempts to illustrate the financing facilitates based on an amortization table from different schemes offered to home buyers. The study would recommend the resolution of financing an affordable house through compulsory savings approach to generate dedicated housing funding. The Housing Provident Fund (HPF) program would promote the affordable financing house by self-funded finance systems that operate through compulsory contributions from the residents. The HPF would match the objectives of affordable housing that housing with a social purpose to support those who would not able to afford the financing. 2015 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf Redzuan, Nur Harena and Kassim, Salina (2015) Affordable housing vis a vis affordable financing: does it matter? In: 19th MACFEA National Seminar (MACFEA2015), 19th-20th November 2015, Palm Garden Hotel, Putrajaya. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Redzuan, Nur Harena
Kassim, Salina
Affordable housing vis a vis affordable financing: does it matter?
description Home is an important dwelling and basic necessities to everybody. However, there are a number of the home buyers are not afford to own the house due to a lower income level to meet the risen house price in the market. Thus, this study addresses the problem of the gap in affordable housing in Malaysia and the efforts being made to address the gap. The study highlights the issues of challenges of affordable housing and discusses the financing facilities of affordable houses provided by the Malaysia government. This conceptual paper attempts to illustrate the financing facilitates based on an amortization table from different schemes offered to home buyers. The study would recommend the resolution of financing an affordable house through compulsory savings approach to generate dedicated housing funding. The Housing Provident Fund (HPF) program would promote the affordable financing house by self-funded finance systems that operate through compulsory contributions from the residents. The HPF would match the objectives of affordable housing that housing with a social purpose to support those who would not able to afford the financing.
format Conference or Workshop Item
author Redzuan, Nur Harena
Kassim, Salina
author_facet Redzuan, Nur Harena
Kassim, Salina
author_sort Redzuan, Nur Harena
title Affordable housing vis a vis affordable financing: does it matter?
title_short Affordable housing vis a vis affordable financing: does it matter?
title_full Affordable housing vis a vis affordable financing: does it matter?
title_fullStr Affordable housing vis a vis affordable financing: does it matter?
title_full_unstemmed Affordable housing vis a vis affordable financing: does it matter?
title_sort affordable housing vis a vis affordable financing: does it matter?
publishDate 2015
url http://irep.iium.edu.my/69558/7/69558%20-%20Affordable%20House%20vis-%C3%A0-vis%20Affordable%20Financing.pdf
http://irep.iium.edu.my/69558/
_version_ 1643619109510840320
score 13.211869

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