Sustainable development in affordable housing: Policy innovations and challenges
1 Independent Researcher, Lagos, Nigeria.
2 Independent Researcher, London, ON, Canada.
3 Arkifill Resources Limited, Portharcourt, Rivers State Nigeria.
4 Independent Researcher, Delta State, Nigeria.
Review Article
Magna Scientia Advanced Research and Reviews, 2024, 11(02), 090–104
Publication history:
Received on 06 June 2024; revised on 15 July 2024; accepted on 17 July 2024
Abstract:
As the global urban population continues to expand, the need for affordable and sustainable housing solutions becomes increasingly urgent. This review explores policy innovations and challenges in the realm of sustainable development for affordable housing. It aims to provide a comprehensive analysis of how sustainable practices can be integrated into affordable housing policies and the obstacles faced in implementing these strategies. Sustainable development in affordable housing encompasses environmental, economic, and social dimensions. Environmentally, it involves the use of green building materials, energy-efficient designs, and sustainable construction practices that minimize carbon footprints. Economically, sustainable affordable housing seeks to reduce long-term costs for residents through energy savings and maintenance efficiencies. Socially, it aims to create healthy, inclusive, and resilient communities. Policy innovations in this field have shown promising results. Green building standards, such as Leadership in Energy and Environmental Design (LEED) and the Passive House standard, have been adapted to affordable housing projects, demonstrating that sustainability and affordability can coexist. Governments and organizations have introduced various incentives and financing mechanisms, such as grants, low-interest loans, and tax credits, to promote green affordable housing. Additionally, public-private partnerships have been instrumental in driving sustainable affordable housing developments, leveraging the strengths of both sectors. However, significant challenges remain. One of the primary obstacles is the higher initial cost associated with sustainable building practices, which can deter investment in affordable housing projects. There are also regulatory and policy barriers that can complicate the implementation of sustainable practices. Furthermore, a lack of awareness and technical expertise in sustainable construction among developers and builders poses another significant hurdle. Case studies from different regions highlight both the successes and challenges of integrating sustainability into affordable housing. For instance, projects in Europe have successfully combined affordability with high environmental standards, while initiatives in developing countries have faced more pronounced financial and regulatory challenges. The review concludes that while policy innovations have made strides in promoting sustainable development in affordable housing, addressing the existing challenges requires concerted efforts from governments, private sector stakeholders, and communities. Future directions should focus on enhancing financial models, streamlining regulatory frameworks, and building capacity for sustainable practices. This comprehensive approach will be crucial for achieving long-term sustainability and affordability in housing.
Keywords:
Sustainable; Development; Affordable Housing; Policy; Innovations
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