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  • Disaster resiliency in housing in the Philippines: A market study of residential retrofit financing
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Disaster resiliency in housing in the Philippines: A market study of residential retrofit financing

Source(s):  Build Change

Build Change is aiming to scale up a housing retrofit program piloted in the Philippines in 2017-18 through government or private sector led socialized housing financing programs. Build Change’s initial market assessment in 2017 indicates a demand for home retrofitting exists. The organization sought to formalize the market study through research aimed at achieving the following results:

  • Developing a thorough understanding of the market size of the housing and finance needs of low income households.
  • Developing a thorough understanding of housing financing products available in the Philippines from microfinance organizations (including rural banks) and government lending programs, including the regulatory requirements for each lender’s profile.
  • Comparing the preferences and capacities of low income households with the housing financing products available in the market.
  • Identifying the opportunities and barriers to scale a housing retrofit product among each type of financial institution and then providing recommendations on the partnerships representing the most promising way forward. 

Some key findings of this research include:

  • The estimated market for housing retrofitting is nearly 15.6 million units, which house over 69 million vulnerable people. 
  • Low income homeowners who already qualify for financial products and services of microfinance institutions (MFIs) have a good chance to access financing for house retrofitting. 
  • MFIs can meet low income households’ need for home retrofit financing. 
  • Local Government Units are well positioned to provide assistance to the poor and low income households for home retrofitting. 
  • There are already housing financing products on the market. 



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  • Disaster resiliency in housing in the Philippines: A market study of residential retrofit financing
  • Publication date 2019
  • Author(s) Joyas, Lalaine M.; de Castro, Leodegario; Moling, Jeanette
  • Number of pages 55 p.

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