Tag Archives: News

What’s happening in Affordable Housing?

Janaki Blum, Administrative Director at AHI

Next week, the 3rd Asia Pacific Housing Forum and Exhibition 2011 will take place in Bangkok, Thailand. On the heels of current environmental calamities, this convening of practitioners engaged in providing urban poverty housing solutions will concentrate on “Sustainable Shelter in an Age of Climate Change and Disasters,” sharing experiences around the problems of substandard housing, and looking to integrate disaster mitigative strategies into ‘bottom-up’ development planning processes.

Other news and opinions from around the world:

Kenyan Government to resume Kibera slum upgrading
KBC NewsPrime Minister Raila Odinga has announced government plans to resume the construction of more housing units under the stalled slum upgrading project in Kibera. Major roads rehabilitation projects were factored in the current financial year also.

Dismal progress in social housing
The HinduData released recently by the Indian government shows a distinct lack of progress in providing housing for the poor. Only by exploring innovative practices from other regions, and radically changing the approach to the provision of social housing, can the vision of making cities slum-free be realised.

Labor Day Milestone for AFL-CIO HIT: Union Pension Capital Helps Create More Than 11,000 New Construction Jobs in Two Years
Market WatchThe AFL-CIO Housing Investment Trust (HIT) is putting construction workers back on the job: The HIT created more than 10,000 union construction jobs during the past two years, and set a new goal of reaching 15,000 jobs by year-end 2012. It is already on its way to meeting this new objective with more than 11,000 jobs created to date.

Social Impact Investment Opportunity Looks To Tackle Housing Crisis
RealwireEqufund, the social investments and finance specialist, has opened an investment opportunity to use private investment to tackle the growing housing crisis, and is appealing to investors to fund community self-build projects in some of the UK’s most deprived areas. Through the scheme, those who cannot afford to buy a home can invest their own time and effort in building or renovating a property in return for a deposit and financial support.

Affordable housing? Borrow a page from NYC
Jerusalem Post
Israel’s affordable housing crisis can be fixed by adapting New York City’s combination of public financing incentives to attract private capital, land disposition strategies to promote economically diverse communities, and a wide range of private and nonprofit developers to construct and manage properties. An essential ingredient is government leadership in creating these tools..

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.

Global affordable housing news roundup August 5, 2011

Janaki Blum, Administrative Director

Today’s post is a round up of this week’s affordable housing related news, insights, and events. We get this content from news sources, RSS feeds, and friends.

Slums surround Uganda’s capital city
NL Aid – Uganda’s capital city Kampala is gradually turning into a slum city, in spite of uts modern facelifts, as the many slums surrounding the city are fighting to take over its presence.

China Bank Regulator Calls On Banks To Aid Public Housing Plan
Wall Street Journal – China’s banking regulator on Friday urged banks to extend credit and offer preferential lending rates to support the construction of public housing, in a bid to ease funding shortfalls that have hampered the key government project.  

Home ownership hits lowest level since 1965
CNN – As the foreclosure crisis continues to wreak havoc on the housing market, home ownership is on the decline and the United States is fast becoming a nation of renters, says a recent Morgan Stanley report.

Mortgage rates at record lows. Will that finally lift US housing market
Christian Science Monitor – Record-low interest rates on mortgages are one outcome of debt-ceiling deal. But they are just one piece of recovery for the housing market, which is beset by falling prices and high jobless rates.

New horizon for Urumqi’s slum areas
China Daily – A once dreadful slum in the capital of Xinjiang Uygur autonomous region has witnessed a staggering 70 percent drop in crime in the past two years as the local government fine-tuned its role to offer more “services” and less on management.

Hundreds of thousands cannot get on housing ladder
Telegraph.co.uk – Almost 200,000 people in Britain are forced to stay with relatives or continue paying rent because councils are failing to build affordable homes for people to buy, according to a new survey.

Affordable Housing: Speculation Does Its Damage
Bernama, Kuala Lumpur – Speculation continues to do its damage at a time when increasing population and diminishing sites are pushing house prices beyond the reach of the working class.