Action/Policy Idea: Renters | Target Population/Institution | Comments | Source/Reference |
Supply Side |
| Chapter 3 of Blanco et al. | |
Promote production and supply of rental housing opportunities: | Low-income owners | “Plan Terrazas”, Colombia supports to expand dwellings (and improve quality); but also encouraged renting as a partial | |
Decrease favoring ownership | Govt policies | Move away from idea that owner occupation is a universal goal… | |
Buy to let (e.g. UK) | Promoted by public sector target private sector investors: | Need to ensure that investment return on a par or greater than other investments (tax framework below) | |
Tax incentives (a) | Informal settlement landlords | Probably not paying taxes so tied to regularization; but would be waiver or tax reduction on incomes | |
Tax incentives (b) | Larger scale formal sector developers | Tax incentives; Tax Credits | |
Grants and subsidies | Landlords smaller scale landlords, petty landlord-tenant arrangements | Financial support tied to expanding and/or improving quality dwelling units on or off site. Maybe loans that are forgiven; or low interest subsidies. Aim is to promote rental opportunities, and improve quality of accommodations. | |
Urban development planning | Developers; Private public partnerships; Housing Coops etc. | Urban development concessions (planning permissions; land pooling, land swaps etc.); mixed residential development programs etc., | |
Relax Building standards | Landlords, Local Govts. | Often standards are too high and minimum standards will do. But must be measured against risk (earthquakes; landslides etc.) Appropriate regulatory environment. | |
Expand Political Support and Incentives to NGOs and Housing Cooperatives | Housing Cooperatives; NGOs | Reduce red tape and regulatory restrictions; provide credit and financial supports. Goal is to expand rental housing as a platform for short and medium-term renters (aspiring to become owners) | |
Encourage a social housing sector | Govt. | That targets renters primarily (as in Europe traditionally): Create opportunities for renting in “failing” mass social interest housing at the periphery | |
Insurance and Support to landlords | Petty landlords in informal settlements | Support & incentives for registration of contracts with tenants that also provide safeguards to evict; maybe gain compensation for damages etc. | |
Insurance and Support to landlords | Landlords in formal sector; Insurance companies Rental Guarantee Insurance (e.g. FGA, Uruguay); Gov and NGO institutions. | Promote participation of insurance schemes that will pay land lord for income lost through the period of repossession after delinquency of payments. Reduce transaction costs of renting and repossession | |
Create Dispute Mechanisms for handling conflict | Renters & Landlords; NGOs; University Legal Clinics etc. | Aim is to provide non-govt and non-judicial mechanisms that can: a) provide appropriate information to all parties; and b) can provide mediation and orientation services | |
Rent Controls | Landlords & Tenants | Sets ceiling for rents & permitted periodic increases (tied to inflation); Actions for modify existing (uneconomic) rent control agreements (may “rent to own”? | |