Introduction Throughout the United States, the dearth of affordable housing is a persistent issue that has proven largely resistant to traditional interventions. This blog post delineates a comprehensive strategy to ameliorate this crisis, and that recognizes the fundamental importance of land in guaranteeing all people’s… Read More »Part II: Bringing Bogotá’s Affordable Housing Experience to Bear in the U.S.
Faced with a critical need to provide more affordable housing for the City’s residents, in November 1990, Bogotá, Colombia’s National Savings Fund (FNA) got creative, setting in motion an ambitious plan to construct over 7,000 affordable housing units. The goals of the initiative were not… Read More »Part I: A Strategic Approach to Affordable Housing in Bogotá, Colombia
The financial crisis of 2008-10 illustrated the immense danger of a malfunctioning housing market. According to The Economist, between 2000 and 2007, America’s household debt rose from 104% to 144% of household income, and house prices rose by 50% in real terms. San Francisco and other large metropolitan areas in the U.S. are experiencing rents that represent 40% of the average person’s earnings. Housing is too expensive, which is damaging to the economy and poisoning politics.
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