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The pandemic has highlighted the importance of sanitary, affordable, and secure housing. This publication shares lessons from Asian Development Bank (ADB) assistance in the housing sector between 2000 and 2020. It notes the need to balance supporting the poor and vulnerable with making markets work better. The authors identify two essential components of an effective housing ecosystem: (i) well-targeted subsidies for low-income households, and (ii) housing finance and supply for middle-income households that enables them to pay their own way.