FIABCI Promotes the Best Private Sector Housing Solutions for Our Cities
For close to a generation, salaries have barely increased while housing cost has substantially gone up. More and more people can no longer afford living in the city where they work. In several countries, persistent high unemployment rates, successive devaluation of currency, unsustainable student debts and unrecoverable loss of savings during economic upheavals further compound this housing crisis.
Although demand is growing exponentially for moderately-priced urban housing for rent or for sale, supply remains dangerously low in most cities worldwide. Several factors contribute to this critical imbalance:
- Land price has increased rapidly, pushing total construction costs to levels sustainable only for the wealthy
- Most investors focus on high-end residential developments in search of the highest returns thus providing little or no equity for affordable housing developments
- Governments are tightening budgets, often reducing or limiting subsidies, tax reductions and zoning bonuses which have traditionally constituted the main incentives for moderately-priced home builders
- Demand for such housing is too big for the public sector to resolve the problem alone.
A sincere and prompt intervention of the private sector is urgently needed and essential to alleviate the situation. As a special contribution to the Habitat III Conference in Quito in October 2016, FIABCI, will identify and collect best practices, innovations and smart solutions to this crisis. Widely publicizing and sharing these solutions will lead to a quick and substantial increase of moderately-priced housing around the world.
Here are the 3 steps for you to be a part of the solution:
- Join the International Campaign between March 16 to May 16.
- Outstanding solutions will be selected by an international jury of experts in June.
- If selected you will be invited to present your solution during a special FIABCI side event in Quito on October 18 from 15h to 18h, to which all governments and Civil Society participating to the Habitat III Conference will be invited.
We are soliciting entries from housing market participants who have developed successful solutions, particularly in the following areas:
FINANCING: Formulas sufficiently attractive and rewarding to encourage private and institutional investors to finance builders of moderately-priced housing; Financing options for city residents with little equity
ARCHITECTURE & DESIGN: attractive, green, sustainable, space and time saving, quick and less expensive to build
URBAN PLANNING: enabling a better quality of life, good social mix and resource sharing
BUILDING MATERIALS & TECHNIQUES: more efficient and that reduce costs and building time
TECHNOLOGIES & DATA: that lower construction and maintenance costs, enable efficiency and better planning
PUBLIC-PRIVATE Partnerships: formulas enabling a significant increase of building or renovation of moderately-priced housing
Click here to enter!