Recuperación de plusvalías en la mejora integral de barrios informales: esquemas de financiamiento sostenibles: esquemas de financiamiento sostenibles

The provision and improvement of urban services in informal settlements in Latin America and the Caribbean has not been addressed with sustainable financing schemes. National and local governments earmark scarce resources for specific projects that have failed to reduce the overall number of people living in such conditions. In addition, municipal governments are failing to take advantage of an important source for capturing their own fiscal resources in the form of property taxes. This research demonstrates the potential of municipal cadasters to capture the capital gains generated by public investments in informal neighborhoods and, in turn, proposes the design of a sustainable financing scheme that, through a revolving fund, allows reinvestment
in other neighborhoods, capturing new capital gains in an iterative process. We applied this theoretical-practical work on a real base of taxpayers in six neighborhoods of three Nicaraguan municipalities. With these results, we seek to promote the strengthening of municipal decentralization and contribute to the debates on public policies for more sustainable urban development.