Abstract
In recent years, increasing attention has been given to three key interrelated terms within the field of Third World housing finance: affordability, cost recovery and replicability. In operational terms, affordability means that project designers should view the cost of housing as a variable which should be reduced until it comes within the reach of the target population. Cost recovery means that the costs associated with such a project should be collected in the form of leases, rents or sales to the recipients. Replicability implies that the collected funds should be available to construct further projects to provide shelter for other target populations. As Prakash notes (1985, p. 1), “affordability is the key to cost recovery, and cost recovery is the key to replicability”.
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References
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© 1987 Plenum Press, New York
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Choguill, C.L. (1987). Financial Feasibility and the Planning Process. In: New Communities for Urban Squatters. Urban Innovation Abroad. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-1863-7_6
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DOI: https://doi.org/10.1007/978-1-4613-1863-7_6
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