Affordable housing

Affordable housing
Photo by Shutterstock
Affordable housing
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Infrastructure
Real Estate
Business Model Description

Construct affordable housing for low and middle income households in urban and suburban areas.

Expected Impact

Provide safe and suitable housing to low and middle income households.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
No Poverty (SDG 1) Sustainable Cities and Communities (SDG 11)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Clean water and sanitation (SDG 6) Reduced Inequalities (SDG 10)
Sector Sources
  • 1) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. 2) Republic of Kenya (2018). Third Medium Term Plan 2018 – 2022 Transforming Lives: Advancing Socio-economic Development Through The 'Big Four'. 3) World Bank database. https://data.worldbank.org/ 4) World Bank (2019). Country Private Sector Diagnostic - Creating Markets In Kenya: Unleashing Private Sector Dynamism to Achieve Full Potential. 5) Word Bank (2018). Kenya: Using Private Financing to Improve Water Services. 6) Office of the United Nations High Commissioner for Human Rights (2020). Right to Water in Kenya: Assessment of Access to Water in Informal Settlements. https://www.ohchr.org/Documents/Countries/KE/Assessment_right_water_Kenya2020.pdf
IOA Sources
  • 7) Hitzhusen, F. (2011). An Economic Analysis of Poorly Sited Septic Systems. Conference Paper. Water Resources Management. https://www.researchgate.net/publication/271435555_An_economic_analysis_of_poorly_sited_septic_systems 8) Howard, G., Calow, R. and MacDonald, A. (2016). 'Climate Change and Water and Sanitation: Likely Impacts and Emerging Trends for Action', Annual Review of Environment and Resources. https://www.annualreviews.org/doi/full/10.1146/annurev-environ-110615-085856 9) Graham, J. and Polizzotto, M. (2013). 'Pit Latrines and Their Impacts on Groundwater Quality: a Systematic Review', Environmental Health Perspectives. https://ehp.niehs.nih.gov/doi/pdf/10.1289/ehp.1206028 10) Van Minh, H. and Nguyen-Viet, H. (2011). 'Economic Aspects of Sanitation in Developing Countries', Environmental Health Insights. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3212862/ 11) Denmark in Kenya. Ensuring equal access to health services. https://kenya.um.dk/en/danida-en/gender/ensuring-equal-access-to-health-services/ 12) World Life Expectancy. Kenya: Diarrhoeal diseases. https://www.worldlifeexpectancy.com/kenya-diarrhoeal-diseases 13) Fraym (2019). Women's access to health facilities in Kenya. https://fraym.io/womens-access-to-health-facilities-in-kenya/ 14) Government of Kenya. Kenya Environmental Sanitation and Hygiene Policy 2016 – 2030. https://www.wsp.org/sites/wsp/files/publications/Kenya%20Environmental%20Sanitation%20and%20Hygiene%20Policy.pdf 15) Nakweya, G. (2019). Fix Africa’s Sanitation Challenges To Prevent Diseases. SciDev.Net Sub-Saharan Africa. 16) National Treasury and Planning (2016). Kenya Vision 2030. https://kfcb.co.ke/wp-content/uploads/2016/08/vision_2030.pdf 17) water.org. Kenya's water and sanitation crisis. https://water.org/our-impact/where-we-work/kenya/ 18) United Nations International Children's Emergency Fund. Water, Sanitation and Hygiene. https://www.unicef.org/kenya/water-sanitation-and-hygiene 19) National Treasury and Planning. Kenya Vision 2030. https://kfcb.co.ke/wp-content/uploads/2016/08/vision_2030.pdf 20) Wanjiku Ndungu, P. Why Kenya’s sanitation challenge requires urgent attention. https://blogs.worldbank.org/africacan/why-kenyas-sanitation-challenge-requires-urgent-attention 21) Federation of Women Lawyers Kenya. Women’s Land and Property Rights in Kenya. https://land.igad.int/index.php/documents-1/countries/kenya/gender-3/625-women-s-land-and-property-rights-in-kenya/file 22) World Bank (2020). Population living in slums (% of urban population) - Kenya. https://data.worldbank.org/indicator/EN.POP.SLUM.UR.ZS?locations=KE 23) The Conversation (2018). Nairobi's slum residents pay a high price for low quality services. https://theconversation.com/nairobis-slum-residents-pay-a-high-price-for-low-quality-services-104063 24) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty 25) Boma Yangu (2021). Pangani Affordable Housing Project, https://bomayangu.go.ke/#:~:text=The%20Pangani%20Affordable%20Housing%20Project,homes%20for%20residents%20of%20Nairobi.