Cities with Affordable Housing: Fulfilling the New Urban Agenda

33 Pages Posted: 16 Oct 2020

See all articles by Kyung-Hwan Kim

Kyung-Hwan Kim

School of Economics, Sogang University; Korea Research Institute for Human Settlements; Government of the Republic of Korea - Ministry of Land, Infrastructure and Transport (MOLIT)

Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate ; University of Pennsylvania - Finance Department

Date Written: August 25, 2020

Abstract

Shelter is a necessity of life and the building block of cities. Cities cannot be inclusive without affordable housing near transportation, jobs, and necessary public services like safety, health care, and education. Housing is the most important asset for the majority of households and anchors economic activity. Urban Agenda provides an opportunity to achieve the overarching Sustainable Development Goals, yet no meaningful implementation of the housing component of the New Urban Agenda is possible without reference to housing finance, which is mentioned briefly and in a cursory fashion. This paper will elaborate on the housing component of the New Urban Agenda and suggest ways to ensure its effective implementation.

Keywords: Housing, SDGs, Housing Finance, Development

Suggested Citation

Kim, Kyung-Hwan and Wachter, Susan M., Cities with Affordable Housing: Fulfilling the New Urban Agenda (August 25, 2020). Available at SSRN: https://ssrn.com/abstract=3680831 or http://dx.doi.org/10.2139/ssrn.3680831

Kyung-Hwan Kim

School of Economics, Sogang University ( email )

35 Baekbeom-ro
Seoul, 121-742
Korea

Korea Research Institute for Human Settlements ( email )

1591-6 Gwanyang-dong
Dongan-gu
Anyang-shi, 431-712
Korea, Republic of (South Korea)

Government of the Republic of Korea - Ministry of Land, Infrastructure and Transport (MOLIT) ( email )

Seoul
Korea, Republic of (South Korea)

Susan M. Wachter (Contact Author)

University of Pennsylvania - Wharton School, Department of Real Estate ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6330
United States
215-898-6355 (Phone)

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

University of Pennsylvania - Finance Department ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104
United States

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

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