Which agency develops guarantee schemes to encourage financial institutions?

The Home Guaranty Corporation is the agency specifically tasked with developing guarantee schemes aimed at encouraging financial institutions. This role involves providing guarantees to lenders, which in turn enhances the availability of funding for housing projects, enabling financial institutions to confidently extend loans with decreased risk. The primary goal of these schemes is to stimulate the construction and acquisition of residential properties, ultimately contributing to housing development and affordability.

In contrast, the Housing and Urban Development Coordinating Council focuses on policy formulation and coordination of housing development efforts but does not directly engage in the development of guarantee schemes. The National Housing Authority primarily handles the provision of housing services and programs for the public, rather than developing financial guarantees. Meanwhile, the Housing and Land Use Regulatory Board oversees land use planning and regulation, which is distinct from the financial guarantee initiatives required to support lending institutions. Thus, the Home Guaranty Corporation is uniquely positioned to fulfill the role described in the question.