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In recent years, the Colombian government has embraced the migration‐development agenda by designing programmes to channel remittances to key sectors such as housing and finance,in an attempt to institutionalise migrant households' transnational economic practices. However, little is known about migrant households' multifaceted transnational practices, their broader impact on households' and localities' socioeconomic development and migrants' engagement with these migration‐for‐development programmes. Drawing on qualitative data collected along the Colombia‐UK migration network, this paper contrasts the narrow interpretation of development that underpins the migration‐development agenda, as exemplified by the remittances‐for‐housing programmes implemented in Colombia, with the more nuanced social and economic contributions that remittance‐financed housing investments have for migrant households' and communities' socioeconomic development. Thus, it provides a more nuanced interpretation of development to account for the often invisible, socioeconomic spinoffs that occur in the process of migrant households' attempts to produce and reproduce their livelihoods transnationally. [ABSTRACT FROM AUTHOR]

Recently, various Latin American governments have sought to render migrants as development agents by channelling remittances to specific sectors such as housing and finance. The available literature has yet to articulate how these developments are reconfiguring the political economy of housing in the region. The paper draws on empirical data collected at both ends of the Colombia--UK migration network. It argues that the Colombian Government's efforts to incorporate migrants into the polity through a renovated housing policy aim to institutionalize migrant households' transnational practices and their links with global circuits of capital and finance. They are underpinned by the repositioning of housing away from consumption into an investment item and driver of economic growth and the financial sector as the main medium for households' access to public and private housing, and other basic services. These developments have taken place in the context of a broader process of financialization of the global development agenda in the last three decades. [ABSTRACT FROM AUTHOR]

In recent years, various Latin American governments have attempted to render migrants as agents of development, mainly by channeling remittances to specific sectors such as housing and finance. The existing literature has yet to articulate how these new developments are reconfiguring the political economy of housing in the region. Drawing on empirical data collected at both ends of the Colombia-uk migration network, this paper argues that these efforts aim to institutionalise remittance flows and their associated transnational socio-economic activities. They are underpinned by the repositioning of housing from a consumption to an investment item, and as a driver of economic growth; as well the positioning of the financial sector as the main means for households to access public and private housing, and other basic services. These developments have taken place in the context of a broader process of financialisa-tion of the global poverty agenda in the last three decades. [ABSTRACT FROM AUTHOR]