Funding proposal package for FP077

The Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project (AHURP) is a $544 million initiative designed to provide 10,000 energy-efficient, affordable housing units and redevelop 100 hectares of ger areas into eco-districts. The project addresses the vulnerability of rural-urban migrants who have settled in unplanned peri-urban areas due to climate-induced livestock losses (dzuds). By combining GCF grants and concessional loans with ADB financing and private investment, AHURP aims to reduce greenhouse gas emissions through solar PV and improved building insulation, while increasing urban resilience through climate-proofed infrastructure. The project employs a sector loan modality to drive policy reforms in green banking, building standards, and urban planning.

• The project aims to deliver 10,000 green housing units and redevelop 100 hectares of ger areas into low-carbon, climate-resilient eco-districts.
• The total estimated cost of the project is US$ 544 million, with the Green Climate Fund (GCF) requested to provide US$ 145 million (26.7% of the total cost) in the form of a $50 million grant and a $95 million concessional loan.
• The project is expected to achieve direct lifetime greenhouse gas (GHG) emission reductions of 7.92 million tCO2e, with total direct and indirect reductions estimated at 39.59 million tCO2e.
• The project targets 100,000 total direct beneficiaries from reduced climate change vulnerability, with a total of 1 million direct and indirect beneficiaries.
• Rural-urban migration to Ulaanbaatar's ger areas is largely driven by climate change, specifically droughts and severe winter conditions known as dzuds that cause massive livestock losses.
• The project will implement a 'land swapping' mechanism to allow current ger area residents to use the value of their existing land and dwellings as credit toward new apartments.
• To overcome financial barriers, the project establishes the Eco-district Development and Green Affordable Housing Fund (EDAF) to provide debt financing to commercial banks for on-lending to developers and homebuyers.
• Mitigation efforts focus on installing over 11 MW of solar PV and implementing additional building insulation to reduce heating energy consumption from 395 kWh/m2 per year to 151 kWh/m2 per year.
• The project addresses severe air pollution in Ulaanbaatar, where PM2.5 concentrations have reached levels 100 times higher than WHO standards, by shifting from individual coal/wood stoves to central heating.
• The project includes a Gender Action Plan (GAP) to ensure at least 30% of women-headed households have access to improved housing and that 40% of PMO staff are women.

APA

Green Climate Fund (2018). Funding proposal package for FP077. https://www.greenclimate.fund/sites/default/files/document/gcf-b19-22-add19.pdf

Chicago

Green Climate Fund. Funding proposal package for FP077. 2018. https://www.greenclimate.fund/sites/default/files/document/gcf-b19-22-add19.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Funding proposal package for FP077 |date=6 February 2018 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b19-22-add19.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2018funding, author = {{Green Climate Fund}}, title = {{Funding proposal package for FP077}}, institution = {Green Climate Fund}, year = {2018}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b19-22-add19.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }