Rehda looks forward to single entity for affordable housing

CYBERJAYA: The Real Estate and Housing Developers' Association Malaysia (Rehda) is looking forward to the establishment of a single entity to oversee the provision of affordable homes, with hopes that it will not be like “the other agencies”, said immediate past president Datuk Seri Fateh Iskandar.

“We hope this time the agency provides guidelines, engagement and work with us as stakeholders. At the end of the day, we carry the burden. Not only the developers, but also the consultants and bankers,” he said in his keynote at the Sustainable Housing Futures Conference here today.

Earlier, Housing and Local Government Ministry deputy secretary-general Dr Mary Wong, who delivered the Minister's speech, said an integrated database on housing supply and demand is critical, where this should provide insights on the needs and preferences of households, their linkages with demographic shifts, as well as housing gaps across different parts of the country.

She said innovative financing models to fund affordable housing projects should be further developed. Current intervention measures largely focus on subsidising home-buyers or the direct provision of housing. Over the longer term, these need to be complemented by new, more sustainable alternatives that combine public and private funding for affordable housing development and investment.

She also highlighted the need to foster more diverse collaborative partnerships to deliver affordable housing. This includes a vibrant community of social housing enterprises, private foundations and non-profit organisations that support or complement the government’s affordable housing agenda.

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