We are strong advocates of the Holistic Approach in emerging markets as the way to address intractable housing deficits. Old approaches are not working. Consideration of the “Big Picture” requires us to take a step back so that national delivery systems for both housing and mortgages come into focus, and a holistic solution emerges.

THE HOLISTIC APPROACH

In the past, many emerging markets initiatives have tried to address shortfalls in 3 Pillars impacting national housing markets: (i) housing finance, (ii) housing development, (iii) rental housing, but developmental impacts have been slow to come.

Our thesis is that all 3 Pillars need to be addressed together - coherently in strategic fashion.

Affordability is achieved through coordinated investments in all 3 Pillars.

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