Can governments fix the global housing crisis?
Summary
Many people around the world do not have proper housing, and by 2030, trillions of dollars will be needed to build enough affordable homes. Governments in different regions are starting to take steps to address this problem.Key Facts
- Around 3.4 billion people worldwide lack adequate housing.
- By 2030, $3 to $4 trillion will be needed for affordable and accessible housing.
- The world needs to build about 96,000 new homes every day to meet demand.
- The U.S. Senate recently passed a bipartisan housing bill.
- The European Commission is introducing new rules to make housing more affordable in Europe.
- The UK has passed laws that stop no-fault evictions, protecting renters.
- African countries have agreed through the Nairobi Declaration to speed up affordable housing projects.
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