45% of the population of Latin America and the Caribbean (LAC) do not have a decent home to live in, which means that they live in inadequate housing, built with precarious materials or lacking basic services. Neither the high rate of migration to the city nor the constant formation of new households have been accompanied by the necessary supply of housing solutions linked to the city. This fact has left a significant percentage of the region’s population residing in peripheral areas, informal settlements and high climate risk.
To seek solutions to this problem, the IDB Group organizes on September 29 and 30 the Housing Forum 2022: Resilient solutions to reduce the housing deficit in Latin America and the Caribbean. It is a high-level event that brings together the leaders of this sector to address a complex problem with multiple innovative proposals.
IDB President Mauricio Claver-Carone points out that “the large housing deficit in the region represents an enormous opportunity to promote the construction of green housing that is resilient to natural disasters and with the best value proposition. Working together with the public and private sectors, we can develop incentives and financial instruments that allow us to offer decent and affordable housing to our people, taking advantage of the appetite of investors”.
The event will be attended by the highest authorities of the Ministries of housing and urban development in the region, directors of financial institutions, home builders and experts from academic institutions and international organizations such as Harvard University, the Lincoln Institute and the Union International for Housing Financing, among others.
During the Forum, a diagnosis of the housing deficit of the countries of the region will be made and the latest innovations in financing and subsidy products for their attention will be presented. In addition, it will be studied how to promote the participation of the private sector in coordination with the public and social sectors in resilient and low-carbon housing solutions with an emphasis on gender equity and diversity.
The IDB Group supports the public and private sectors with financing and sustainable and resilient housing solutions in the region. This support is in line with the climate change adaptation and mitigation objectives of its 2025 Vision, the Bank’s roadmap for economic reactivation and sustainable development in Latin America and the Caribbean after the pandemic.