About: MORTGAGE FINANCE
MEII'S MORTGAGE FINANCE MODEL
MEII specializes in designing effective models for affordable mortgage financing. While housing is a challenging sector for financing given the impact that political and economic instability has on construction, especially in areas such as the West Bank, MEII creates incentives for local banks to provide long-term financing. To do this, MEII partners with entities such as the Overseas Private Investment Corporation (OPIC), the International Finance Corporation (IFC), and the Swedish International Development Agency (Sida), to provide long-term, U.S. Dollar mortgages with preferential treatment for low- and middle-income home buyers. Currently, we focus on the West Bank and Gaza, including East Jerusalem and Jordan. In order to meet market demand, the loans typically finance the purchase of finished residential units, the completion of unfinished units, and the renovation and/or expansion of existing units.