May 2018 Urbanism Biennial Conference & Exhibition Housing - PowerPoint PPT Presentation

Housing + Norman B. Leventhal Center for Advanced May 2018 Urbanism Biennial Conference & Exhibition

Housing Sector Dynamics Create Opportunities & Challenges Large impact on growth Access to finance and employment 93% 5 jobs created per of adults have no access housing unit built to formal housing finance Tenure Insecurity 70% of land in emerging economies unregistered Growing middle class Housing Needs consumers expected to 3 96,150 housing units per day join global middle class by required through 2030 Low & informal incomes 2030 bringing it to 5 billion billion 74% in low-income countries live on less than $2 per day Contribution to wealth Growth of Cities 50% High GHG impact of the world’s greenhouse 1,393 19% of tangible gas emissions from assets in buildings. housing cities of 500k+ Growing slum population Housing represents 3/4 of all new buildings population in 2030 863 564 cities in 1990 urban residents live in slums, and growing million 2

Cities are Complex & Organic Lagos, Nigeria Surbana International Consultants , Singapore Makoko Settlement By Iwan Baan 3

Access to Mortgages Less than 10% Drivers for Mortgage upper income Qualification • formal employment • formal title middle income lower income No Formal title No Formal Income 4

Integrate Across Housing Value Chain reform structures and catalyze markets to reduce housing deficit Interventions Create an enabling policy environment, & and participatory planning processes Enabling Policies Access to Finance Expand access to upper housing finance throughout the income value chain Demand-side Enhance 2 access to • property rights Strengthen housing mortgages middle continuum: • financial institutions rental markets & income 3 home ownership Targeted Subsidies Enhance • subsidy targeting access to Invest in basic pro-poor microfinance infrastructure and slum Supply-side upgrading lower • Infrastructure Government income Strengthen construction housing skills, materials • land & development programs producers & housing developers 5

Impact Investing demonstration effect MicroBuild Fund Shelter Venture Lab 6

REELIH residential energy efficiency Integrated Solutions for Systemic Change Public: private: civil society: households Strategy • Regional • Integrated approach Value proposition HFH as Market systems facilitator Challenges Ownership structure, financing, HoA policy, poor management and maintenance Opportunities to scale > 50% of Armenians, 20% of Bosnians live in apartment blocks with low energy efficiency 7

Title Land Approaches • PPVs • Transfer Develop Rights • Land Share • Densification • Transit Hubs • Inclusionary Housing • Community/ group title 8

Thank you. Questions and Discussion 9

Filling the knowledge & Finance gap A vehicle that combines channeling of knowledge and required investment to governments and cities explicitly for sustainable urbanization. Rapid population growth $250 million Between 2000-2030, the earth’s urban area will triple, and the urban population will double. invested in sustainable urbanization through UN trust In the past decade. Yet, cities are Current urban infrastructure gap of central to transformation >USD$1 trillion per year over the lifespan of the SDGs. $4-6 billion Affordable Housing Gap World Bank investment on urban p/y vs. $1 >USD$650 billion trillion + needed for urban infrastructure p/y per year 10