The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Inclusive Housing Finance Program (P150993) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Finance, Competitiveness and Innovation Global Practice | Requesting Unit: MNC03 | Responsible Unit: EMNF1 IBRD/IDA | Program-for-Results Financing | FY 2015 | Team Leader(s): Jean Michel Lobet, Laila Ashraf AbdelKader Ahmed Seq No: 8 | ARCHIVED on 19-Nov-2019 | ISR39480 | Created by: Steve W. Wan Yan Lun on 18-Nov-2019 | Modified by: Steve W. Wan Yan Lun on 18-Nov- 2019 Program Development Objectives Program Development Objective (from Program Appraisal Document) The objective of the Program is to improve the affordability of formal housing for low-income households in the Arab Republic of Egypt and to strengthen the SHMFF's capacity to design policies and coordinate programs in the social housing sector. Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Implementation Status and Key Decisions This ISR is to correct a typo in the PDO by replacing the SHF with SHMFF, to read: "The objective of the Program is to improve the affordability of formal housing for low income households in the Arab Republic of Egypt and to strengthen the SHMFF's capacity to design policies and coordinate programs in the social housing sector. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P150993 IBRD-84980 Effective USD 500.00 500.00 0.00 321.74 178.26 64% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P150993 IBRD-84980 Effective 05-May-2015 10-Jun-2015 11-Nov-2015 30-Jun-2020 30-Apr-2022 11/19/2019 Page 1 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) DLI Disbursement Achievement Disbursed amount in Disbursement % DLI ID DLI Type Description Coc DLI Amount Status Coc for DLI Loan: IBRD84980-001 DLR#1.1 INT. AUDIT 001 Regular (OWNERSHP AND USD 15,000,000.00 Fully Achieved 15,000,000.00 1% RENTAL DLR#1.2 INT. AUD Partially 002 Regular ESTABLISH. AND USD 10,000,000.00 5,000,000.00 2% Achieved OPERATIN DLR#2.1 M&E UNIT 003 Regular ESTABLISH. AND USD 10,000,000.00 Fully Achieved 10,000,000.00 1% FUNCTION DLR#2.2 M&E INFORM. Partially 004 Regular USD 15,000,000.00 10,000,000.00 1.5 % MULTI YEAR PL., ANNU Achieved DLR#3 ACCOUNTABILITY Partially 005 Regular USD 50,000,000.00 40,000,000.00 1.3 % AND TRANSPARENCY Achieved DLR#4.1 MECHANIZM 006 Regular USD 20,000,000.00 Fully Achieved 20,000,000.00 1% MONITOR ESTABLISHED DLR#4.2 PERC. 007 Regular OWNERSHIP USD 10,000,000.00 Fully Achieved 10,000,000.00 1% EXC.50%,UP TO 65 DLR#4.3 PERC. Partially 008 Regular OWNERSHIP USD 10,000,000.00 9,190,300.00 1.1 % Achieved EXC.50%,UP TO 75 DLR#4.4 PERC. 009 Regular OWNERSHIP EXC. USD 10,000,000.00 Not Achieved 0.00 50%,UP TO 8 DLR#5 NO OF 725T Partially 010 Regular HOUSEHOLDS RCV USD 225,000,000.00 64,984,575.24 3.5 % Achieved SUBSIDIE DLR#6 NO OF NEW Partially 011 Regular HOUSEHO. PARTICIP. USD 48,750,000.00 919,291.19 53 % Achieved 102T DLR#7 PERC. OF 20% Partially 012 Regular OF DEMAND SIDE USD 25,000,000.00 15,000,000.00 1.7 % Achieved SUBSID DLR#8 UP TO 250T Partially 013 Regular DEMAND SIDE USD 50,000,000.00 400,800.00 125 % Achieved SUBSIDIES Program Action Plan Multi-institutional governance structure established and functioning to facilitate coordination across Government Action Description entities (Advisory Committee) Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2015 Completed 11/19/2019 Page 2 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Completion Measurement Comments Establishment and functioning of a housing monitoring and evaluation system and an M&E unit within SHF, and the Action Description preparation of the Multi-Year Plan and Annual Targets informed by the M&E system Source DLI# Responsibility Timing Timing Value Status DLI 2 Client Recurrent Yearly Completed Completion Measurement Comments Establishment by SHF of a functioning mechanism to monitor occupancy and vacancy of housing units by households Action Description receiving demand–side housing subsidy Source DLI# Responsibility Timing Timing Value Status DLI 3 Client Due Date 30-Jun-2016 Completed Completion Measurement Comments Action Description Full staffing of SHF based on agreed organizational structure and staff skills Source DLI# Responsibility Timing Timing Value Status Client Due Date 31-Jan-2016 Completed Completion Measurement Comments Action Description Integrate housing location criteria and requirement to collect physical coordinates into housing program guidelines Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2017 Completed Completion Measurement 11/19/2019 Page 3 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Comments Action Description Monitoring and enforcement of location criteria for housing programs Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2016 Completed Completion Measurement Comments Action Description The annual audited financial statements of the Program are issued on a timely basis and made public. Source DLI# Responsibility Timing Timing Value Status Client Recurrent Yearly Completed Completion Measurement Comments The SHF needs to establish robust integrated grievance redress mechanism and link it to the local level grievance Action Description redress system. SHF will also need to design and implement an improved mechanism for disseminating information. Source DLI# Responsibility Timing Timing Value Status Both Due Date 30-Jun-2016 Completed Completion Measurement Comments Provide incentives for energy savings among Program beneficiaries through setting targeted energy consumption Action Description rates and awareness leaflets about the best practices for energy saving. Households achieving the targets are subject to incentives. Source DLI# Responsibility Timing Timing Value Status Both Recurrent Continuous Delayed Completion Measurement Comments 11/19/2019 Page 4 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Action Description Establishment of unified beneficiary database Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2016 Completed Completion Measurement Comments The operational and financial management arrangements for the rental subsidy should be laid out in regulation and Action Description detailed in a Procedures Manual, consistent with GSF’s Manual when applicable. Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2016 Delayed Completion Measurement Comments SHF programs should be integrated with the State budget, using the national budget classifications and chart of Action Description accounts. Source DLI# Responsibility Timing Timing Value Status Client Due Date 01-Jan-2016 Completed Completion Measurement Comments For the new rental subsidy programs, beneficiary enrollment, monitoring, and payment databases should be Action Description integrated in the program’s management information system (MIS) Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2016 Delayed Completion Measurement Comments 11/19/2019 Page 5 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Establishment and operation of an internal audit function within SHF providing assurance service for the ownership Action Description and rental programs affiliated with the SHF. Source DLI# Responsibility Timing Timing Value Status Client Due Date 31-Dec-2016 Completed Completion Measurement Comments The SHF and its sub-programs should be subject to periodic and timely reporting on budget execution, using the Action Description GFMIS or an accounting system that can seamlessly feed information into the GFMIS. The financial reports should be publicly available. Source DLI# Responsibility Timing Timing Value Status Client Due Date 30-Jun-2016 Delayed Completion Measurement Comments Raise beneficiaries’ awareness about waste management through distributing leaflets that explain the importance of Action Description waste management at the household level. Source DLI# Responsibility Timing Timing Value Status Client Recurrent Continuous Delayed Completion Measurement Comments Ensure that beneficiaries use safe buildings through Including building validity certificate among required application Action Description documents Source DLI# Responsibility Timing Timing Value Status Client Recurrent Continuous Delayed Completion Measurement Comments 11/19/2019 Page 6 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Guidelines and training provided to SHF staff and other stakeholders about addressing occupational safety related to Action Description construction activities and handling of building chemicals and construction wastes Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Jan-2016 Delayed Completion Measurement Comments Deliver training and capacity building to the SHF and other relevant stakeholders on issues related to land acquisition, Action Description involuntary resettlement Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Jan-2016 Delayed Completion Measurement Comments Strengthening the institutional Setup through developing comprehensive ToRs for the social team to be hired, and Action Description hiring social officers Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Jan-2016 Delayed Completion Measurement Comments Strengthening the institutional capacity through developing and delivering training packages to the relevant teams, Action Description and sharing best practices and similar successful global experiences Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Mar-2016 Delayed Completion Measurement Comments Action Description Designing and implementing context sensitive information sharing and disclosure mechanisms 11/19/2019 Page 7 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Mar-2016 Delayed Completion Measurement Comments Action Description Designing and implementing consultation, communication and reaching out plans Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Mar-2016 Completed Completion Measurement Comments Action Description Establishing robust integrated grievance redress mechanism and link it to the local level grievance redress system Source DLI# Responsibility Timing Timing Value Status Both Due Date 31-Mar-2016 Completed Completion Measurement Comments Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Substantial Substantial Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- High High Fiduciary -- Substantial Substantial Environment and Social -- Low Low 11/19/2019 Page 8 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Stakeholders -- Substantial Substantial Other -- -- -- Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes PDO IN00771647 ►Number of targeted households accessing ownership and rental housing units with support from the Program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 243,450.00 243,450.00 830,000.00 Date 01-Apr-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771648 female-headed households as a percentage of benefeciaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19.80 19.80 24.00 IN00771649 ►Percentage of Program beneficiaries in bottom 20% of the income distribution (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 34.20 34.20 50.00 Date 01-Apr-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771650 ►Percentage of income spent on housing costs by Program beneficiaries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 35.00 35.00 30.00 Date 01-Apr-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771661 ►Establishment of a housing M&E system functioning and informing the Multi-Year Plan and Annual Targets (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes 11/19/2019 Page 9 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Date 01-Apr-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments Intermediate Results Indicators by Results Areas Strengthening Governance and Institutional Set-up of Housing Sector IN00771662 ►Completed executive by-laws, organizational structure, financing model, fiduciary arrangements, operating systems for the SHF (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771667 ►SHF fully staffed as per organizational plan (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771672 ►Internal audit function providing assurance services for the ownership and rental programs affiliated with the SHF established and operating (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771679 ►Adequate staffing of social officers as per organizational plan (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771681 ►Number of capacity building and training workshops conducted for the hired social workers at the Central and Governorate level. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 11/19/2019 Page 10 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Value 0.00 27.00 27.00 27.00 Date 10-Aug-2015 28-Sep-2018 28-Sep-2018 30-Jun-2020 Comments Enhancing Transparency and Accountability of Social Housing Programs IN00771663 ►Mechanism to monitor occupancy of housing post-subsidy established and functioning as per DLI definition (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771668 ►Percentage of rental housing units occupied by targeted beneficiaries at least 1 year after lease (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 75.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771675 ►Percentage of housing units occupied by low-income residents after at least 1 year (AMP) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 85.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771677 ►Establish a unified social programs and beneficiary databases (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771680 ►Establish an accountability and transparency mechanism established and functioning as per DLI definition (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes 11/19/2019 Page 11 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771682 ►Average time required to resolve complaints in AMP (days) (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 60.00 30.00 30.00 20.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771683 ►Percentage of resolved complaints received by SHF and Governorate housing offices (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90.00 90.00 90.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771684 ►Annual published reports on complaints and how issues were resolved, including resolution rates (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments Improving Access to Affordable Housing IN00771666 ►Number of households receiving demand side housing subsidies (AMP) for new units (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 241,500.00 241,500.00 725,000.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771671 ►Number of households participating in rental subsidy programs (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,950.00 1,950.00 105,000.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 11/19/2019 Page 12 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Comments IN00771676 ►Number of previously vacant units occupied 1 year after inclusion into the Program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 85,057.00 85,057.00 30,000.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments Promoting Well Located Social Housing IN00771665 ►Percent of demand-side subsidies supporting the purchase or rental of housing units within a 60 minute travel time to an employment center (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 50.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771670 ►Percent of demand-side subsidies supporting the purchase or rental of housing units within a 45 minute travel time to an employment center (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 50.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771674 ►Percent of demand-side subsidies supporting the purchase or rental of housing units within a 30 minute travel time to an employment center (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 15.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771678 ►Percentage of land made available for SHF developments that complies with location and service criteria stated in Law (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments 11/19/2019 Page 13 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Promoting Private Sector Participation in Low-Income Housing IN00771664 ►Number of demand-side subsidies supporting the purchase or rental of housing units developed by the private sector (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,950.00 1,950.00 250,000.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771669 ►PPP guidelines publicly disseminated (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments IN00771673 ►%of demand side subsidy supporting the purchase or rental of housing units developed by private sec (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.76 0.76 43.00 Date 10-Aug-2015 31-May-2019 31-May-2019 30-Jun-2020 Comments Disbursement Linked Indicators DLI_IND_TABLE ►DLI 1 Establishment and operation of an internal audit function within SHF providing assurance service for the ownership and rental programs affiliated with the SHF (Process, 25.00, 60%) Baseline Actual (Previous) Actual (Current) 2020 Value No Yes Yes Yes Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 2 Establishing a housing M&E system functioning and informing the Multi-Year Plan and Annual Targets (Process, 25.00, 20%) Baseline Actual (Previous) Actual (Current) 2020 Value No Yes Yes Yes 11/19/2019 Page 14 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 3 Establishment and functioning of an accountability and transparency mechanism (Process, 50.00, 40%) Baseline Actual (Previous) Actual (Current) 2020 Value No Yes Yes Yes Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 4 Establishment by SHF of a functioning mechanism to monitor occupancy and vacancy of housing units by households receiving demand–side housing subsidy (Process, 50.00, 40%) Baseline Actual (Previous) Actual (Current) 2020 Value No Yes Yes Yes Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 5 Number of households receiving demand-side homeownership subsidies for new housing units in each Fiscal Year during Program implementation under the AMP (Outcome, 225.00, 6%) Baseline Actual (Previous) Actual (Current) 2020 Value 0.00 241,500.00 241,500.00 725.00 Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 6 Number of new households participating in rental subsidy programs in each Fiscal Year during Program implementation (Outcome, 48.75, 1%) Baseline Actual (Previous) Actual (Current) 2020 Value 0.00 1.95 1.95 102.40 Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 7 Percentage of demand-side subsidies provided supporting the purchase or rental of housing units located within a commute of 60 minutes or less to an employment cente (Outcome, 25.00, 20%) 11/19/2019 Page 15 of 16 The World Bank Implementation Status & Results Report Inclusive Housing Finance Program (P150993) Baseline Actual (Previous) Actual (Current) 2020 Value 0.00 100.00 100.00 50.00 Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments ►DLI 8 Number of demand-side subsidies provided supporting the purchase or rental of housing units developed by private sector entities (Output, 50.00, 1%) Baseline Actual (Previous) Actual (Current) 2020 Value 0.00 1,950.00 1,950.00 250.00 Date 01-Apr-2014 31-May-2019 31-May-2019 -- Comments 11/19/2019 Page 16 of 16