4 Support for a Social Rental Housing Program Pilot Project Amount:
US$465,000
Fund:
JSF
Sector:
Urban Development and Housing
Executing Agency:
Secretary of Culture of the State of São Paulo (SEC)
In the past decade, a large exodus from Downtown São Paulo has left an enormous number of vacant and underutilized buildings. The government has a program to rehabilitate the area (BR-0391) including a Social Renting Housing subcomponent that will build and remodel 1,600 housing units. The technical cooperation funding is essential to allow the Social Renting program to play a role in reversing the loss of central São Paulo’s housing function addressing the needs of low-income families. The TC will design and appraise condominium management models, design a rental subsidy for low-income families and establish a management unit with the participation of the community.
Nikkei Shimbun Article, May 27, 2004 in Brazil