FIABCI-USA - The International Real Estate Federation
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FIABCI, the International Real Estate Federation, is accepting submissions for The City We Need is Affordable campaign. The campaign is focused on identifying and sharing the best global solutions for affordable housing. Currently there is a severe shortage of moderately priced housing for those who live and work in our cities. Affordable housing will become an even greater challenge since within the next 20 years, experts predict that the global urban population will nearly double in size.
To meet this affordability challenge, FIABCI is spearheading The City We Need is Affordable campaign. “Up to now, affordable housing initiatives have been mainly undertaken by governments through subsidies, tax incentives, rezoning and allocation of extra air-rights. Our objective is to get the private sector more involved to significantly expand the number of projects and to substantially increase the supply of moderately-priced housing for rent and for sale for the people who make our cities work,” explained Danielle Grossenbacher, FIABCI World President.
FIABCI will find and promote solutions to reduce, as quickly as possible, the current imbalance between the low supply and high demand for moderately-priced housing units and:
- identify beneficial financing formulas which will convince investors and developers to take an active role in middle market and affordable housing financing;
- facilitate the sharing of knowledge in construction methods, materials, design and innovations which will reduce the time and cost of construction without sacrificing quality;
- publicize smartly planned communities practical for an urban workforce;
- showcase successful affordable developments with new architecture, design and technical innovation;
- detail best public/private partnerships;
FIABCI is calling upon global industry experts to take an active role by submitting proven ideas and projects. Submissions must be received by May 16. Please go to http://www.fiabci.org/city-we-need-is-affordable.php for detailed information. The best submissions will be showcased during FIABCI’s Urban Campaign Event which will take place during the UN Habitat III conference in Quito Ecuador on October 18.
Nine international real estate students have been awarded grants to complete their studies by the FIABCI Scholarship Foundation. For twenty years, the Foundation has supported the next generation of cross border real estate professionals who have shown academic achievement, have clear international goals, financial need and a history of community involvement. This year’s recipients include:
Grants are awarded twice each year with application deadlines March 30 and September 30. A Board of Trustees from Australia, China, Germany, Italy, Latvia, Malaysia, Taiwan and the United States reviews the applications and determines the award recipients. Click for more information.
Twenty FIABCI members participated in high-level deliberations on the future of our cities at an Urban Thinkers Campus in Dubai from January 10-11. Organized together with the Dubai Real Estate Institute and under the auspices of UN Habitat, the event brought together stakeholders from government, NGOs, business and academia to focus on how to realize 21st Century cities that are well planned, socially inclusive, economically vibrant, affordable, safe, healthy and environmentally sound. This Urban Thinkers Campus was a part of the World Urban Campaign leading up to Habitat III in Quito, Ecuador in October.
Highlights included the energy and enthusiasm brought to the Campus by Young Urban Thinkers including elementary school and college students and break-out sessions on cities that are smart and sustainable, cities that are economically vibrant and inclusive and cities that are safe and resilient. “I am so pleased that we were able to join our colleagues from around the world in Dubai – a perfect example of the city of the future – and capitalize on a diverse group of minds to think about how we can remedy an alarming lack of affordable housing for the people that make our cities work,” noted Danielle Grossenbacher, FIABCI World President. FIABCI used this Urban Thinkers Campus to launch its The City We Need is Affordable program that will address market distortions of the last decades that have lead developers to an outsized focus on the luxury market at the expense of middle-market and low income housing.