Rental Housing 1

  • Status: Complete
  • People Housed: 103
  • Country: Nepal
  • City: Kathmandu
  • Partner: Lumanti
  • Year Approved: 2012
Total Invested
NPR 25,000,000
Total Invested
$215,853
Delivery of Homes
Total Expected
Completed
Rental
24
24
Project Overview

Implemented by Lumanti, this project provides affordable rental housing for low-income households, students and single women. Homes consist of studio apartments with built in kitchen space and private bathrooms.

The building accommodates 24 households with each paying NPR 5,000 per month. The rental block is designed to provide short term housing to fill a gap before people transition into permanent homes as their families grow or economic opportunities improve. New tenants are selected by a combination of existing tenants, the municipality and Lumanti, with tenancy limited to an initial term of two years and no more than one renewal. This helps to ensure that the homes remain available for those most in need.
Rental payments cover all maintenance costs for the building, including a full-time member of staff. The project helps demonstrate to the Private Sector that affordable housing is a favourable investment choice which offers commercial viability.

24
Homes Completed
24
Homes Occupied
24
Connected to Electricity
24
Connected to Water and Sanitation

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 11th and 20th percentiles of incomes in Kathmandu

Mean
21,000 NPR
181 USD
40th percentile at year of occupancy NPR 31,372
40th percentile at year of occupancy $271
Household Demographic Data
Household Size
4.30
Proportion Female
50.0
Proportion Children
32.0
Proportion Elderly
7.0
Proportion Disabled
0.3
Housing Information
Description Type Number Completed Monthly Cost
(Local Currency)
Studio apartment with attached bathroom Rental 24 3993

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 25,000,000
$ 215,853
Grants
NPR 25,000,000
$ 215,853

Based on exchange rate on 31/12/2020

Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 4,200,985
$ 36,272

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Data last updated on 10/03/2021