1. Housing Affordability: A World Challenge
Results of the IHA Discussion: Aug 2019

2. Housing: A Complex Subject
Housing is a subject that cannot be treated independently. Housing is no longer just a material good; it has become a deliverer of social cohesion.
Housing: A Complex Subject

3. Define Housing Affordability
Housing affordability: the availability of housing which is reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other basic needs.
Define Housing Affordability
As documented in approved IHA “Statement of Intent on Housing Affordability”.

4. Commit to Housing Continuum
As documented in approved IHA “Statement of Intent on Housing Affordability”.

5. Why Home Ownership: Financial Benefits
Long-term Financial Obligation
Validates Credit-Worthiness
Increased Personal Wealth
Investment Opportunity
Promotes Savings
Potential Tax Benefits
Promotes Budget Planning
Eliminates Risk from Rent Increases
Why Home Ownership: Financial Benefits
As documented in approved IHA “Benefits of Home Ownership” Presentation.

6. Why Home Ownership: Labor Benefits
Increased Labor Participation
Advanced Career Levels
Higher Level Participation by Women
Reduces Duration of Unemployment
Why Home Ownership: Labor Benefits
As documented in approved IHA “Benefits of Home Ownership” Presentation.

7. Why Home Ownership: Health & Safety Benefits
Generally Better Health
Greater Life Expectancy
Stable Access to Health Services
Access to Higher Quality Services
Access to Resources to Address Illness
Better Maintenance=Less Injury
Why Home Ownership: Health & Safety Benefits
As documented in approved IHA “Benefits of Home Ownership” Presentation.

8. Why Home Ownership: Mental Health Benefits
Positive Impact on Personal Perceptions
Greater Self Confidence
Higher Self-Esteem
Higher Levels of Life-Satisfaction
Why Home Ownership: Mental Health Benefits
As documented in approved IHA “Benefits of Home Ownership” Presentation.

9. Why Home Ownership: Benefits at all Life Stages
Senior Benefits:
Retirement Income Advantages
Reduced Accident Risk
Youth Benefits
Stable Living Environment
Reduced Illness
Better School Performance
Higher Graduation Rates
Higher Rates of Advanced Education
Reduced Teen Pregnancy Rates
As documented in approved IHA “Benefits of Home Ownership” Presentation.

10. Why Home Ownership: Social & Community Benefits
Reduced Probability of Divorce
Increased Support of Community
Focus on Environment Quality
Enhanced Public Amenities
Reduced Crime Rates
Increased Political Activism
Community Resiliency/Recovery
Enhanced Social Capital
(Volunteerism/Donations)
As documented in approved IHA “Benefits of Home Ownership” Presentation.

11. Need for Housing to Address Changing:
Income
Career Status
Family Situation
Consumer Desires
Accessibility Needs
Support Housing Continuum
Key Consideration

12. Increased Cost of Housing Production (Land, Materials)
Planning Requirements/Red Tape
Taxes & Impact Fees
Housing Finance
Decreased Public Funds for Housing
Sustainability/Resiliency
Continuing Urbanization
Supply Challenges: Shortages, Mismatched Supply
Increased Life Expectancy & Changing Needs
Eldest Elder Requirements and Preferences
Shared Challenges

13. Question Before Us
How can we build sufficient housing that both meets the aspirations of our citizens and is compatible with their income?

14. Potential Solutions: Urbanization
Make Smart Densification Easier
Recycle Government, Commercial & Industrial Properties
Support Transit
Support Mid-sized Cities – Move Demand
Implement Multi-dimensional City Plans
Limit Regulatory Hurdles
Potential Solutions: Urbanization

15. Potential Solutions: Land Availability
Change Social Attitudes of NIMBYism
Encourage Smart Reconstruction and Densification
Support Objective Planning Practices
Expand Access to Land for Development
Seek Balanced Environmental Protection
Repurposing Properties
Encourage a long term population assessment and land strategy supporting residential needs

16. Potential Solutions: Contain Costs
Industry Support of Enhanced Productivity
Implement Technology Solutions
Limit Taxes and Fees
Pursue Sensible Regulation
Sunset Outdated, Onerous Rules
Implement Thoughtful, Cost-effective Rules
Cost-effective Energy Efficiency Standards
Increase the Supply of Trained Laborers
Potential Solutions: Contain Costs

17. Potential Solutions: Support Financing
Address Onerous Capital Requirements
Support Housing Development & Construction
Support Buyer Financing
Seek Local Funding for Development
Engage Private Sector in Social Housing
Identify New Funding Alternatives
Balance Financial System Risk with Ownership
Potential Solutions: Support Financing

18. Potential Solutions: Address Consumer Preference
Build WHERE Consumers Want to Live
Build WHAT Consumers Want/Need
Build Housing Supporting a Digital Life Style
Reasonable Aspirations and Expectations
Support Transportation Needs
Support Reduced Travel Requirements
To Work
To School
To Services
To Entertainment
Potential Solutions: Address Consumer Preference

19. Potential Solutions: Support Builders & Buyers
Accelerate the Planning Process
Limit the Legal Exposure of Housing Producers
Increase Access to Financing (Builder/Buyer)
Limit Taxation
Production (planning taxes, VAT)
Sales Tax, Transfer Tax, Rental Tax
Owners (real estate, estate, property taxes)
Potential Solutions: Support Builders & Buyers

20. IHA Actions & Next Steps:
Reviewed Build Europe Documentation
Validated Common Themes
Assigned to Affordability Working Group
Next Steps:
Develop a Draft Document
Document Should be Summary in Nature
Draft to be Considered at Annual Meeting
IHA Actions & Next Steps: