Affordable Housing Policies and Their Role in Addressing Urban Poverty in Latin America

Abstract

Urban poverty in Latin America remains a persistent challenge, exacerbated by rapid urbanization, income inequality, and insufficient housing infrastructure. This paper explores the critical role of affordable housing policies in addressing urban poverty within the region. It examines the socioeconomic impacts of housing initiatives, highlighting their capacity to alleviate poverty when integrated with broader frameworks encompassing education, healthcare, and employment. Drawing on case studies from Brazil, Mexico, and Chile, the paper evaluates successes and limitations in policy implementation, emphasizing the importance of innovation, institutional reform, and community participation. The discussion further explores technological advancements, such as prefabrication, 3D printing, and data-driven urban planning, as pivotal tools for creating sustainable and inclusive housing solutions. Recommendations include fostering public-private partnerships, adopting holistic approaches, and aligning housing initiatives with environmental objectives. The findings underscore that affordable housing policies, while not a panacea, represent a cornerstone for promoting social equity and sustainable urban development in Latin America.