Global Housing Crisis

THE UN’s 7 REQUIREMENTS FOR ___ADEQUATE__ HOUSING

Security of Tenure, Availability of Services Infrastructure Materials adn Facilities, Affordability, Habitability, Accessibility, Location, and Cultural Adequacy

List and explain at least 3 ways in which housing creates improved ECONOMIC outcomes. #IMPACTS

Security of Tenure, Affordability, and Location

STATE OBLIGATIONS: IMMEDIATE EFFECTS

Nondiscrimination, Legal Security of Tenure, Protection against forced evictions

STATE OBLIGATIONS: IMMEDIATE EFFECTS: PROGRESSIVE REALIZATION

Prevent and address homelessness, Provide physical infrastructure, Ensure adequate housing to vulnerable groups

LIST AND EXPLAIN THE 5 BENEFITS OF HOMEOWNERSHIP FOR SOCIETY (REASONS WHY HOMEOWNERSHIP IS PRIORITIZED IN THE US)

Wealth Creation, Macro-Economic Stability, Community Engagement, Personal Satisfaction, Generational Gains

define affordable housing 

at or below market rate, net monthly expenditure on housing not to exceed 30% of monthly household income

List Public Housing Challenges

Insufficient Federal Funding, Over-Regulated and Inefficient, Funds Don’t Stretch as Far

List and explain at least one solution you like to the challenges mentioned above.

LIHTC

List the ways we can grow rental housing.

Mobilize Housing Choice Vouchers [Section 8] (shift demand), Improve LIHTC (grow supply), Scale HOPE VI (grow supply)

one of the market processes Consuming Affordable Housing

Gentrification

at least three feedback loops/mechanisms

foreclosures, government tightens budget, low interest rates

some key actors in housing supply.

government agencies, homeowners/residents, architects and engineers

some key actors in housing demand.

homeowners, investors, government agencies, banks

(LEaPS).

Law, Enabling Environment, Public-Private Partnership, Subsidy

UN Recommendations to Reduce Cost/Spur Housing (1 and 5)

Share increment in Land Values, Diversify Land Tenure and property rights

Short Answer: Choose an instrument you like best, tell what it does, pros/cons.

Inclusionary Housing