GHF is an official Non-Governmental Organization (NGO) of the United Nations (UN) with Special Consultative Status
It is estimated that over one billion men, women, and children are living in slums in the developing world. These abhorrent conditions are a personal tragedy for each family that lives in them. They also represent a moral crisis for the rest of us–and a threat to the global economy and world security. 34% of the families living in slums are employed.
Private-public partnerships like that of Global Housing Foundation are crucial to addressing and solving these catastrophic, imminent problems. For this reason, the United Nations, through its UN-HABITAT Human Settlements Program, has embraced Global Housing Foundation as a powerful model for slum-improvement programs. Global Housing Foundation is considered an official partner to the United Nations’ global housing efforts.
GHF’s mission is, in conjunction with UN-Habitat, to bring together the resources necessary to create housing for the working poor.
GHF’s objective is to reach the 400 million urban homeless that are employed and have a modest income and offer them the opportunity to own a quality home that can be financed on a long-term basis.
HOW IT WORKS
GHF leverages the expertise and resources of the private real estate community to build affordable housing in inner city slums around the world.
Provides Family Continuity and Gender Equality
As part of the UN Millennium Development Goals (MDGs) all housing facilitated by GHF mandates that a woman’s name be on the deed. Studies show that this is the surest way to keep the family together and encourage the children’s education.
GHF, through its UN partnership, requires that local municipalities provide clear title to land and create sufficient infrastructure such as local utility connections and deeded road access.
Uses local developers, local labor and materials to build the communities
In compliance with agreed upon GHF/UN standards for housing requirements, homes are built using local labor and materials - essential in creating jobs and economic vibrancy.
GHF Developer Partner Program
In 2012, GHF signed a partnership agreement with the Ministry of Housing and Land Management of the Republic of Panama to develop a neighborhood of work force housing in Panama City. This opened the door for the Developer Partner Program. GHF utilizes the Developer Partner Program whereby local real estate development companies designate a section of their housing project toward workforce housing. Upon the completion of the home, GHF-UN preapproved local banks provide individual home financing. The GHF advances are then returned to GHF for the purpose of funding the construction of another GHF-UN home.
Pay-It-Forward Partner Program
GHF utilizes the Pay-It-Forward Partner Program whereby philanthropic organizations and private sector individuals fund the initial cost of homes as construction financing. Upon the completion of the home, GHF-UN preapproved local banks provide individual home financing. The GHF advances are then returned to GHF for the purpose of funding the construction of another GHF-UN home. In this manner, the Pay-It-Forward funding acts as seed money for the next home to be constructed.
THE UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME (UN-HABITAT)
This program has embraced the Global Housing Foundation as a committed partner for slum improvement programs as a follow up to the 2005 World Summit outcome of the United Nations.