Together with the “Report of the Executive Director on the development of a framework for measuring and reporting on the adequacy of housing across diverse national and local contexts,”1 it informs Member States on the state of the field and on possible recommendations to the Assembly at its third session. [...] The diversity of housing challenges, as emphasized by the “Report of the Executive Director on the state of efforts to progressively realize adequate housing for all”2 underscores the need for a standardized framework with a set of indicators to support Member States in assessing and monitoring the state of adequate housing conditions. [...] It would describe the existence and status of housing policies, their adoption and formation processes, content and targets, legal and regulatory frameworks, housing needs and demands, policy implementation, and financial investment and support mechanisms. [...] Assessing the extent of financialization in the housing sector, including the proportion of household savings and debt tied to housing, highlights the extent of housing financialization as opposed to it’s social function. [...] These analyses are complemented by evaluating domestic interest rates, which affect the cost of borrowing for homebuyers and developers, and by measuring the rate of mortgage debt relative to GDP and the proportion of mortgages that are outstanding, both indicating the scale of housing finance in the national economy and its potential impact on financial stability.
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- Pages
- 16
- Published in
- Kenya
Table of Contents
- HSP 1
- Review of existing elements and options for the development of a framework for measuring and reporting on the adequacy of housing across diverse national and local contexts 1
- I. Introduction 1
- II. Previous international efforts in monitoring housing adequacy 2
- Existing monitoring frameworks 2
- III. Conceptual framework for measuring and reporting on the adequacy of housing 3
- Needs of a housing monitoring framework 3
- IV. Framework overview 4
- V. Framework Element 1 Assessment of housing adequacy 5
- A. Security of tenure 5
- B. Availability of services materials facilities and infrastructure 5
- C. Affordability 6
- D. Habitability 6
- E. Accessibility 7
- F. Location 8
- G. Cultural adequacy 9
- H. Sustainability 9
- VI. Framework Element 2 Context in which adequate housing operates 11
- VII. Framework Element 3 Drivers of housing adequacy 12
- A. Macroeconomic conditions and access to finance 12
- B. Urban planning 12
- C. Land governance 12
- D. Land administration and land-based taxation 13
- E. Availability of affordable housing stock 13
- F. Social protection measures 13
- G. Impact of conflicts 13
- VIII. Framework Element 4 Housing policy components 15
- IX. Conclusion and way forward 16
