The lack of formal housing is the defining problem for the world’s megacities and growing mid-sized cities which together account for the majority of global GDP. This problem threatens not only the health and wellbeing of residents, but also the health of the planet, and it could stall the incredible economic growth that has been generated with rapid urbanization.
US$64 Billion
NEEDED IN INVESTMENT TO CLOSE HOUSING GAP
6 Million
FORMAL HOMES LACKING IN REGION
Informal housing outside of Trujillo, Peru.
Informal housing in the Dominican Republic, bordering SBC’s project, Pablo Mella.
SBC project Caminos de Sie North of Bogota, Colombia.
250,000
INDIVIDUALS MOVING FROM INFORMAL TO FORMAL HOUSING THROUGH SBC PROJECTS
At SBC we are focused not only on the construction of housing units for low and middle income families, but also on building those housing units into communities.
The motive here is to make our projects more attractive places to live and worthwhile to the broader community - which should also have the impact of a positive increase in sales pace and, ultimately, investor returns.
We have partnered with Unicef to analyze the impact of our projects and increase that impact, wherever possible.