TY - GEN AU - Inter-American Development Bank TI - Ideas for Development in the Americas (IDEA): Volume 4 : May-August, 2004: Housing Finance in Latin America: Time to Build a Better Market PY - 2012 Y1 - 2012/05/14 DO - 10.18235/0008230 AB - The average value of a residential dwelling owned by a typical Latin American family is worth close to six years of that family's total income. However, les than one-fourth of all housing in Latin America is financed through formal mechanisms, and housing mortgage credit accounts for only a small fraction of total credit. Why hasn't the housing mortgage industry developed properly in Latin America? This issue of IDEA takes a closer look at the problems in the housing finance market, reviews the efforts that have been made in the past, and offers some policy suggestions for the future. UR - https://doi.org/10.18235/0008230 ER -