Binay: fighting poverty key to addressing housing backlog-A A +A
Wednesday, October 2, 2013
VICE President Jejomar Binay on Tuesday told key shelter agencies and urban planners to find solutions to address the lack of decent and affordable housing for the poor.
At a high-level round table discussion on sustainable housing at the Coconut Palace Tuesday, Binay said the lack of income remains "a foremost obstacle" to sustainable and decent housing options. Binay also serves as the head of the Housing and Urban Development Coordinating Council and the board of directors of the National Home Mortgage Finance Corporation.
“Without the means to acquire decent homes, families will either build houses in unsuitable areas, or be compelled to devote the lion’s share of their income to house rentals, with very little left for food, education, healthcare, and other basic services,” he added.
While Asia accounts for a third of the world’s GDP and is home to some of the globe’s fastest growing economies, he said 500 million Asians "still live in slums and millions more reside in sub-standard dwellings.”
Excerpts of his speech were posted Wednesday on his Facebook page.
Policy makers, representatives of international organizations, businessmen and civil society leaders in the Asia Pacific attended the talk.
The vice president cited a report from the United Nations that shows people in Asia-Pacific are four times more likely than those in Africa to be affected by natural disasters.
Asia-Pacific residents are also 25 times more likely to be affected than those in Europe or North America.
“In our corner of the world, we have witnessed the various shades and strains of this universal challenge to humanity. The shelter issue has worsened in many parts of Asia, and ancillary global concerns such as climate change and rapid urbanization amplify the urgency with which we must all act,” Binay said. (JK/Sunnex)