FIVE THINGS YOU SHOULD KNOW ABOUT URBAN DEVELOPMENT AND HOUSING

  • 1
    We supporting programs to upgrade informal neighborhoods, with urban plans that promote density, landholding regularization programs, investments in infrastructure and social services, and situational prevention of violence.
  • 2
    We support access to housing services of the two poorest quintiles, with a supply that includes new, improved, rental, and progressive housing.
  • 3
    We support rehabilitating and recovering underused public spaces and urban areas of historical heritage, while maintaining sociocultural diversity, and adopting participatory, sustainable management structures.
  • 4
    We support integrated urban planning with citizens' participation, including the creation of master plans for environmental risk management.
  • 5
    We strengthen municipal finances through medium-term fiscal planning, the capture of increases in property values, and the strengthening the capacities of local governments to prepare and evaluate local economic development projects.

Sector framework

Latin America and the Caribbean region are urbanized, 8 out of 10 residents live in cities. This urbanization has been the base of economic and social development in the region. Yet, 125 out of 180 million poor of the region live in cities, which will increase its population in more than 100 by 2030. Specifically, , there four main deficits that affect urban households: 1) Infrastructure and services Deficits, with half of urban households lacking piped sewerage; 2) Housing Deficits, with 40 million of households lacking services, titling, or being overcrowded, and another 13 million living in improvised or shared housing; 3) Degradation of urban habitat, where less than half of all bid and mid-size cities have plans that consider environmental degradation and natural disaster risks, and y 4) weak urban governments, with municipalities that have very low financial autonomy and capacity to answer to citizens demands.
Taking into account these challenges, the main objective of the IDB in the sector of urban development and housing is to expand the benefits of urbanization to all urban residents, of today and tomorrow. Toward that end, the IDB proposes four principal lines of action, in line with the four main deficits of the region. One, expand the access to urban services and infrastructure of good quality, relying on urban upgrading programs in formal and informal poor neighborhoods. Two, expand the affordable housing market for the poorest quintile, incorporating new modes of tenancy and promoting the participation of the private sector. Three, revitalize public space and implement environmental protection plans. Fourth, strengthen the management capacity of entities that provide urban services and of local governments, and promote citizen participation. Interventions in each of these lines of actions will be designed in an integral manner and according to the specific characteristics of the urban territory, prioritizing the needs of the most vulnerable households and the sustainability of these interventions.

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