"Myanmar is in the midst of a historic transition from a closed and isolated command economy to an increasingly open market economy. As it progresses, the country faces several development challenges such as widespread poverty, poor and inadequate infrastructure, low levels of entrepreneurship and industrialization, suppressed private sector, and underdeveloped markets. Among these challenges, Myanmar’s housing sector is struggling to cope with rapid urbanization, internal migration, and new demand arising from recent economic growth, particularly in the larger metropolitan districts of Yangon and Mandalay. To address this issue, Schedule 2 of the Constitution has assigned the management of the housing sector, including urban development, to the states and the regions. Therefore, the Yangon Region Government (YRG) has a responsibility for creating an enabling environment for the development and modernization of the housing sector. One of the key constraints to developing the housing sector and increasing the supply of dwelling units to meet the growing demand of low- to lower middle-income households is the lack of long-term financing. With the support of the Union-level Department of Urban and Housing Development (DUHD) under the Ministry of Construction (MOC), only three financial sources are available. These are the MOC-constituted revolving fund, annual government budget allocation, and project financing from the Construction, Housing and Infrastructure Development Bank (CHID Bank). Given the limited resources, DUHD was able to supply a little over 9,200 units in 2016, which is nowhere close to the actual existing and emerging demand. This study was carried out to help the YRG to formulate housing market reform options, offer practical recommendations to address market failures, and support the YRG in the implemention of its affordable housing agenda and development of related policies..."