@P:HC we think that everyone needs a home
We plan on making the process of getting high-quality housing, easy and affordable for everyone. Housing is a basic human right. We don’t believe that the less fortunate persons deserve any less, so we want to build housing worth living in. Places where people can be proud of calling theirs, places where there aren’t wealth based stigmas, but a real community.
Most cities are facing a housing crisis. Some of the largest and more developed cities in the world are experiencing housing bubbles due to high demand and low stock. This issue can only be fixed through a combination of progressive zoning policy, innovative building practices and a shift in how we manage residential-commercial-employment connectivity to increase the quality of life and opportunity for social growth.
Some Ideas We're Thinking About:
Project: Home = Equity + Inclusion + Technology
Why is this important?
Scroll down to learn the Quick Facts!
- In urban areas of developing nations, approximately 1 billion people live in slums
- More than 70 percent of Africa’s urban population live in slums
- Globally, the number of slum-dwellers is estimated to increase by nearly 500 million people by 2020 – unstable work conditions, low work availability, inadequate infrastructure and access to social elevators like education only grow the rate of slums and poor housing options worldwide
- In 2005 the united nation’s estimated 100 million people were homeless worldwide – It’s hard to estimate homelessness so this could be potentially much higher. That’s a real problem that we have to solve through more stable and permanent housing options
- 6 billion people are estimated to be living in “inadequate housing”– That’s one in seven people without a proper home
- On average, OECD countries housing ‘price to rent’ ratio were overvalued 6:1, this measures the profitability of home ownership. This average was brought down a few states with negative performance; the majority of states had a massively positive correlation in housing cost and value.