The KPDA Bulletin - January to July 2020 Issue
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J A N U A R Y T O J U L Y 2 0 2 0
Rent controls offer the potential to
protect tenants, but must also take care not to
restrict the future supply of properties to rent by
unfairly disadvantaging landlords.
Rent controls offer the potential to protect tenants, but must
also take care not to restrict the future supply of properties to
rent by unfairly disadvantaging landlords.
- Non-profit organizations such as
community land trusts, housing
cooperatives and microfinance
institutions have a critical role in
bridging the gap between
governments and the private
sector to improve the
affordability of housing, as well as
working with individuals to help
them understand their options
and make informed decisions.
Demand-side interventions need to guard against the risk of
helping in the short term but not the long term.
Mechanisms to keep units affordable on resale include subsidy
recapture and subsidy
retention.
Recommendations
Effective strategies need to address both supply and demand
side challenges. Recommendations for the three main
interdependent actors include:
- City governments have to define their long-term plans for
increasing
the supply of affordable housing, balancing the need to minimize
urban sprawl with the limits of the viability of building denser
and taller. They need to address political considerations that
could hold back the development of new affordable housing,
ensure that housing developments have adequate
infrastructure, explore ways to improve the situations of those
living in informal housing, and create a strong regulatory
enabling environment for the private and non-profit sectors
- Private-sector players need to keep abreast of emerging
solutions in construction techniques and materials, work with
governments to ensure an adequate flow of skilled labour, and
consider new solutions in financing and innovative tenure
models.
.
This article is an extract from a
report by the World Economic
Forum published in June 2019 on
Making Affordable Housing a
Reality in Cities. You may access
the full report using the link
http://www3.weforum.org/docs/WE
F_Making_Affordable_Housing_A_Re
ality_In_Cities_report.pdf
The World Economic Forum is the
International Organization for
Public-Private Cooperation.
The Forum engages the foremost
political, business, cultural and
other leaders of society to shape
global, regional and industry
agendas.
It was established in 1971 as a notfor-profit
foundation and is
headquartered in Geneva,
Switzerland. It is independent,
impartial and not tied to any special
interests.
The Forum strives in all its efforts to
demonstrate entrepreneurship in
the global public interest while
upholding the highest standards of
governance. Moral and intellectual
integrity is at the heart of
everything it does.
Visit https://www.weforum.org/