What are the main obstacles in achieving affordable housing for all stakeholders?
What are the main obstacles in achieving affordable housing for all stakeholders?
The primary obstacles in achieving affordable housing for all stakeholders include:
- Policy Misalignment: Government policies may not align with market realities or community needs, resulting in unmet targets and disconnection from developer offerings.
- High Costs: Rising labor and material costs can inhibit developers from offering truly affordable options, while land costs further complicate affordability outcomes.
- Consumer Aspirations: The expectation of quality and desirable locations from the public may lead to dissatisfaction when new homes don't meet these standards, complicating the goal of affordability.