SOCIAL HOUSING IN THE CARIBBEAN – IDB Study

Michael G. Donovan, Senior Urban Development Specialist at the Inter-American Development Bank, greets Therese Turner-Jones, IDB country representative in Jamaica, at the two-day (Oct 6-7, 2014) Regional Housing Conference, organised by the Caribbean Association of Housing Finance Institutions (CASHFI). Looking on are Earl Jarrett, then Chairman of CASHFI and Andreas Zehnder, President of the International Housing Finance Institutions.

Michael G. Donovan, Senior Urban Development Specialist at the Inter-American Development Bank, greets Therese Turner-Jones, IDB country representative in Jamaica, at the two-day (Oct 6-7, 2014) Regional Housing Conference, organised by the Caribbean Association of Housing Finance Institutions (CASHFI). Looking on are Earl Jarrett, then Chairman of CASHFI and Andreas Zehnder, President of the International Housing Finance Institutions.

A report reviewing the implementation of social housing in six Caribbean countries covered by the Inter-American Development Bank (IDB) has projected approximately US$1.8 billion was needed to deliver appropriate housing solutions for some one million households.  The study examined the state of social housing in the Bahamas, Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago over the period 2000-2015.  It noted the importance of housing to achieve the Sustainable Development Goals (SDG) and the larger agenda of poverty alleviation, economic development and climate resilience.  The researchers noted that with the publication, they expected to help the region develop a comprehensive urban agenda, and urged governments to incorporate in their social housing programme measures to protect homes against rising sea levels, as over half of the population live within five kilometers from coastlines.