report on affordable housing
There is a huge implication of housing deficit among which include; For families lacking decent affordable housing, health outcomes are poorer, children do less well in school and tend to drop out earlier, unemployment and under-employment rates are higher, and financial inclusion is lower. So what’s to be done? my overriding point is that traditional approaches are likely to fail. Handing out income support or subsidies will be inadequate. Cities need to take “market-based approaches” that “create value while reducing costs.” Below are the four approaches the report recommends: Unlock land The best thing cities can do is to make more land available for housing, preferably land that puts poor people near opportunities. Siting affordable housing on the outskirts of town runs the risk of cementing poverty, rather than alleviating it. McKinsey recommends cities pursue transit-oriented development (housing built around new lines and stations), open up unused public la...