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Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
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    • Poverty housing

    Unleash demand to break the informal housing cycle

    Despite widespread recognition and intention to address the global housing gap, the reality is that there is not enough money to build houses for the 1.6 billion people worldwide that continue to live in substandard shelters. How then can this gap be addressed?

    By Lean Alfred Santos // 02 September 2015

    The fact that sustainable mass housing is needed to provide decent shelter for more than 1.6 billion of the world’s poorest people — or about one-fifth of the global population — is one that the development community has known for years.

    There have been efforts to address the problem, from long-standing declarations and agreements like the Universal Declaration of Human Rights to national policies that put the need for decent shelters at the core. Shelter-focused nongovernmental organizations, including Habitat for Humanity, have been trying to provide decent housing to poor people in low-income countries as well.

    But despite widespread recognition and intention to address the global housing gap, the reality is that there is not enough money to build all of these houses.

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    About the author

    • Lean Alfred Santos

      Lean Alfred Santos@DevexLeanAS

      Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.

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