Visit the Urban Institute Return to the PHF homepage About the Program Reports Networking Simulation Model For the Media Calendar Web Resources Order Reports Contact Us

  Poland Housing Finance Program Home

Wersja Polska


The Poland Housing Finance Program, sponsored by the United States Agency for International Development (USAID) is a major technical assistance project undertaken by the Urban Institute Consortium (UIC). UIC, which includes the Urban Institute, the Cracow Real Estate Institute, and numerous Polish, U.S., and European consultants, began the program in 1996 with a comprehensive study of the private and public housing finance sectors: Building on Progress: The Future of Housing Finance in Poland. UIC has collaborated with USAID and a number of Polish counterparts, including the Polish Banks Association, the Ministry of Finance, the Housing and Urban Development Authority, the National Bank of Poland, and the Mortgage Credit Foundation. The Program has provided training, advice, and analysis to its Polish counterparts in many aspects of financial, legal, and institutional reforms. The UIC program has been fortunate to assist Poland during the crucial period marked by the end of subsidized lending for housing finance in 1996; since then Poland has steadily moved toward a new era of competition and an effective institutional and legal framework for the continued development of housing finance. Poland's housing finance system is now among the best in the transition countries.

This website includes the reports developed under the Program, abstracts of these reports, contact information, and useful links to publications and organizations related to housing and mortgage finance in Poland.

Numerous studies and training projects have been completed under the Project, addressing topics including the following: improvements to housing finance lending procedures; a review of policy strategies for the Housing and Urban Development Authority; guidelines for strengthening regulation and supervision for housing finance; an assessment of housing subsidies in the context of tax reform and the macroeconomy; the risks of commercial lending and of international capital flows; the technology of dual indexed mortgages, which Polish banks have successfully developed and marketed; a description of information systems used in the U.S. for appraisal and possible approaches for Poland; the importance of rent reform and support from a housing allowance program; an assessment of the feasibility of introducing mortgage-related insurance products, particularly default insurance; a commentary on the regulatory parameters for mortgage banks and mortgage bonds in Europe; and an analysis of requirements for estimation of the demand for mortgage credit in Poland.

Two final conferences, sponsored by USAID and our key counterpart, the Polish Banks Association, are to be held in Warsaw in 1999: a conference on the Polish program on December 8 and 9, and a regional conference on December 10, which focuses on lessons learned in housing finance by the advanced transition countries for their neighbors in Central and Eastern Europe and NIS. Papers developed for these conferences include: (1) a quantitative and qualitative assessment of Poland's housing finance system, both its successes and areas remaining to be addressed as the year 2000 approaches; (2) an assessment of alternative visions for the evolution of long-term funding of housing finance in Poland; and (3) a comparison of the development of housing finance in Poland, Hungary, the Czech Republic, and Russia.

Home to the Urban InstituteFor additional information, send e-mail to
Poland Housing Finance Program at

Poland Housing Finance Program
c/o The Urban Institute
2100 M Street, NW
Washington, DC 20037