Reducing housing deficit in Latin America and the Caribbean through statistical information sources

Maria Paloma Silva de Anzorena

Facilitator

November 5, 2024 | 17:00 - 18:30

Multipurpose room 10

Inter-American Development Bank

United States of America

English, Spanish

Reference:

NE 10-03

WUF12

Networking Events

Summary

The objective is to present a regional collaborative Information Repository between IADB, OECD and ECLAC which consolidates urban and housing sector data aligned with the to improve living conditions and promote sustainability in Latin America and Caribbean (LAC) for: (1) support public policy, (2) reduce information asymmetry and (3) provide relevant data in each country to reduce housing deficit in LAC.
About 45% of households in LAC have a housing deficit. During 2023 IADB, OECD and ECLAC prepared a regional platform with valuable information which is used for the three Organisms to improve housing deficit analysis and provide loans and technical cooperations, focusing on sustainable housing for vulnerable populations and currently they are enhancing censuses and surveys to gather socio-economic data for a precise urban and housing analysis.
Besides, this is an effort that OECD, IADB and ECLAC in each country of LAC coordinated with Housing and Urban Development Ministries and Statistical Offices to enhance data collection and standardize methodologies regionally.
This is the first multilateral regional information repository that can be an example for the rest of the regions to improve urban and housing attendance aligned with New Urban Agenda of HABITAT III, Paris Agreement and SDGs.

Objectives

Present an important tool developed by IADB, ECLAC and OECD during 2023 and 2024 in the urban development and housing sector in each Latin America and Caribbean (LAC) country with the following objectives:
1. Identify with Urban Development and Housing Ministries and National Statistical Organisms relevant comparable data by country such as: Household formation; housing tenure; housing stock; housing deficit; housing prices; sales prices; construction costs; building permits; mortgage portfolio; housing loans; households with mortgage loans; housing sales transactions (+200 sources, +500 websites, +2000 analyzed series).
2. Reduce the urban development and housing deficit through the design of public policies, finance and technical cooperations.
3. Reduce the asymmetry of information in the urban development and housing sector.
4. Provide Benchmarks to the governments of the LAC Region
5. Promote public and private investment in LAC to the urban development and sustainable housing solutions aligned with New Urban Agenda of HABITAT III, Paris Agreement and SDGs.