The world is undergoing an unprecedented wave of urban growth. In 30 years the global urban population will double. Affordable housing, efficient transportation and respect for the environment are essential for a vibrant city.
FIABCI has brought together the real estate industry’s major stakeholders to share innovative solutions to meet the increasing demand for affordable housing.
The people who make our cities thrive cannot afford to live there. Everyone agrees that a renewed focus on affordable/workforce housing is urgent and absolutely necessary.
The industry must come together and offer sincere and prompt interventions to alleviate this situation. We must reform the way cities are planned, financed, developed, governed and managed.
- Land price has increased rapidly.
- Investors tend to focus on high-end residential.
- Governments are tightening budgets.
- No sector can solve the problem alone.
FIABCI supports the UN Habitat New Urban Agenda and reaffirms our commitment to equitable, sustainable urban development in an integrated and coordinated manner. We are committed to concrete actions to make the world’s cities affordable, inclusive, safe and resilient.
Read more: The City We Need is Affordable
Article by FIABCI
Photo Credits: FIABCI (CC)