SOURCE: WORLD ARCHITECTURE COMMUNITY
For many years, the real estate industry has been aware of the importance of diversity and inclusion in the development of successful, sustainable, cities. Particularly regarding housing, which is proven to promote growth in developing and advanced economies alike, according to McKinsey. In this article, we take a look back at a piece from World Architecture Community titled, “Diversity is the Key Aspect in Urban Planning, Discussed At Inclusion Forum of MIPIM 2019.”
The session mainly focused on:
- Spatial, social, and economic factors of inclusive cities
- How the industry can work towards community cohesion & diversity involvement
- Challenges of building socially inclusive cities
When the fundamental requirements of safe and adequate housing are not met, households already suffering from health inequities may become even more exposed. This was the timely wisdom shared by UN-Habitat in their recent report, “Cities and Pandemics: Towards a More Just, Green and Healthy Future.” The report reviews how a holistic approach to recovery can support positive change in the form and function of cities, poverty and inequality, rebuilding the economy, and clarifying legislation and governance as the pandemic wanes.
With impact data collected from over 190 member states and practical stories of national response programs, the shock of this crisis has never been clearer than it is today. The report confirms that, regardless of country wealth, there continues to be inequality and an unmet need for safe and adequate housing. The existing housing crisis has been exacerbated by the pandemic and short-term responses must now evolve into long-term strategies.
Economic, social, and demographic factors are key determinants for the housing standards enjoyed by some and denied to other population groups. Additionally, low-income earners and marginalized populations are least likely to have access to adequate and affordable housing. To ensure a meaningful and measurable impact on housing access requires a high level of coordination and a targeted approach. Housing challenges highlighted in the report focus on overcrowding, tenure security and evictions, and homelessness.
SOURCE: CONSTRUCTION LINKS
Global Affordable Housing Shortage
Around the globe today 1.2 Billion people do not have access to adequate housing. This number will grow to 1.6 Billion people by the year 2025. Solving this problem is a critical step to a brighter global future. Better housing generates economic growth, improved social justice, health care and education; and enhances global stability, security, and sustainability.
Existing construction methods are not suited to solve the global housing shortage. Construction is slow, inefficient, rooted in the past, and incapable of effectively scaling to meet the tremendous demand. It does not adapt quickly to new technologies, or better methods. Additionally, existing methods are not sustainable and are heavily reliant upon polluting factories, large trucks ferreting concrete across the world, and energy-intensive construction methods. All this amounts to one massive carbon footprint.
At EchoStone, we challenge the status quo. We are substantially improving housing options for low-income communities by offering high quality, dignified housing, at a rapid rate, and at industrial scale – while significantly reducing the carbon footprint of traditional concrete construction. We are paving the way to a better, cleaner tomorrow.