SANTO DOMINGO - Latin America will have to build around 100,000 homes per day until 2030 to meet housing demand, warned Federica Ranghieri, World Bank practice manager for Latin America and the Caribbean.
During the Regional Seminar on Housing Policies and Financial Sustainability, held in Santo Domingo, the representative explained that this unprecedented challenge forces governments to rethink their public policies and construction models in the region.
“Housing pressure will continue to grow. Climate change is forcing us to rethink housing, with innovative techniques, materials, and methods that allow for greater resilience and sustainability,” he said.
The World Bank noted that investments in the sector continue to rise, but face three major challenges : increased demand, the effects of climate change, and the impact of technology on how homes are built and financed.
Ranghieri indicated that the World Bank works with several Latin American governments in the design and improvement of their housing policies , promoting social inclusion, environmental sustainability and technological innovation.
“The World Bank, together with IFC and MIGA, supports different phases of the process, from planning and regulation to financing and implementation, promoting solutions tailored to the needs of each country,” he explained.
Among the main lines of action, he mentioned the need to incentivize the private sector to expand access to formal housing , improve the efficiency of public programs, strengthen regulation, and develop financial products that facilitate the purchase or construction of homes.
Ranghieri also presented an overview of active initiatives in Latin America, highlighting the progress in Colombia, Brazil and the Dominican Republic resilient and inclusive housing are being developed .
The meeting was organized by the Ministry of Housing, Habitat and Buildings (MIVHED) and the World Bank, with the support of the Fund for Financing Climate Action in Cities, and brought together representatives of public, private institutions and multilateral organizations.
During the technical sessions, topics such as access to affordable housing, the mobilization of private capital, the application of financial guarantees, and the inclusion of green certifications in new housing projects were discussed.
