Global affordable housing news roundup August 26, 2011

Janaki Blum, Administrative Director

We round up this week’s affordable housing related news, insights, and events from news sources, RSS feeds, and collegues.

Egypt: Stop forced evictions and consult slum-dwellers to resolve housing crisis
IEWY News – Egyptian authorities and political parties must put the rights of the country’s 12 million slum-dwellers at the top of their agenda if they are to meet the demands for social justice and human dignity championed during the “25 January Revolution”, Amnesty International said today in a new report.

Editor’s blog: housing’s impact is best expressed by those who benefit
Guardian UK – What the rolling back of support programmes for vulnerable people reveals is how important the housing sector is to the delivery of these essential services. As housing gathers its message for government, allowing tenants to tell their story may prove the wisest lobbying tool.

Carlyle Group to invest $26 million supporting affordable housing in India
Business Standard – Global alternative asset manager The Carlyle Group today announced it will invest US$26 million into Value & Budget Housing Corporation (VBHC), a pioneer in the construction and development of affordable entry level housing in India.

White House considers ways to stem housing woes
Reuters – The Obama administration is looking at options for reviving the housing market, an Achilles heel for the struggling U.S. economic recovery. It continues to “look for ways to ease the burden on struggling homeowners and to help stabilize the market.” The article looks at some policies the administration could turn to help the housing sector.

IFC to Loan $50m to Support Expansion of Mortgage Lending to Low-Income Households
Microcapital Brief – The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to provide long-term debt financing of seven years worth USD 50 million to Panamanian commercial lender Banco General, to increase the bank’s mortgage lending program for low-income households. The funding will be deployed on affordable housing, with a focus on those families “whose annual incomes are near or below the median income level in Panama.”

Urban Land Conservancy Preserves Affordable Housing in Denver
PR Newswire – The Urban Land Conservancy (ULC) purchased its fifth property for $1.35 million using Denver’s Transit-Oriented Development (TOD) Fund on Tuesday, a unique fund specifically set up with ULC, Enterprise Community Partners, City and County of Denver and other investors, to acquire and preserve land for workforce housing near light rail stops and high frequency bus routes.

Councils To Invest More In Affordable Housing
Build UK – Housing Minister Grant Shapps has announced Government plans to give councils more financial freedoms to improve, buy and build new housing for their local community. New proposals, published today for consultation, will allow councils more flexibility to trade their assets, and use the receipts to enable further investment in new homes and regenerating the local area.

Kerala dreams big on housing sector
CNN-IBN Live – With the Kerala State Housing Board yet to come out of the deep financial crisis, the State Government has mooted the creation of Kerala State Housing Development Finance Corporation with the objective of mobilising funds for the housing sector in the state. A feasibility study will be carried out to understand the existing housing finance scenario in the state, based on the financial requirement of individuals belonging to various economic categories and that of real estate developers.

Reducing homelessness is noble purpose for housing agency
SLT Today – The Missouri Housing Development Commission has is considering a proposal by state Treasurer Clint Zweifel to dedicate one-third of next year’s tax credit allocations — $122 million — to projects that benefit people who are vulnerable to homelessness. The concept partners developers and existing agencies to construct projects that house and service needy populations.

‘Sustainable Development Must Start with People’
IPS – Sweden’s current development agenda for sustainable cities in developing countries includes strong political support for democracy and measures to promote the participation of poor people and marginalised groups in the management of basic services, including water resources and sanitation.

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