{"id":15073,"date":"2019-05-13T22:23:04","date_gmt":"2019-05-13T22:23:04","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/innovations-in-inclusive-housing.html"},"modified":"2019-05-13T22:23:04","modified_gmt":"2019-05-13T22:23:04","slug":"innovations-in-inclusive-housing","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/innovations-in-inclusive-housing.html","title":{"rendered":"Innovations in inclusive housing"},"content":{"rendered":"

Housing is big<\/span> money. The industry has trillions<\/a> under management and hundreds of billions<\/a> under development.<\/p>\n

And investors have noticed the potential. Opendoor raised nearly $1.3 billion<\/a> to help homeowners buy and sell houses more quickly. Katerra raised $1.2 billion<\/a> to optimize building development and construction, and Compass raised the same amount<\/a> to help brokers sell real estate better. Even Amazon<\/a> and Airbnb<\/a> have entered the fray with high-profile investments.<\/p>\n

Amidst this frenetic growth is the seed of the next wave of innovation<\/a> in the sector. The housing industry \u2014 and its affordability problem \u2014 is only likely to balloon. By 2030, 84%<\/a> of the population of developed countries will live in cities.<\/p>\n

Yet innovation in housing lags compared to other industries. In construction, a major aspect of housing development, players spend less than 1%<\/a> of their revenues on research and development. Technology companies, like the Amazons of the world, spend nearly 10% on average.<\/p>\n

Innovations in older, highly regulated industries, like housing and real estate, are part of what Steve Case <\/a> calls the \u201cthird wave<\/a>\u201d of technology. VCs like Case\u2019s Revolution Fund<\/a> and the SoftBank Vision Fund<\/a> are investing billions into what they believe is the future.<\/p>\n

These innovations are far from silver bullets<\/a>, especially if they lack involvement<\/a> from underrepresented communities, avoid policy and ignore distributive questions about who gets to benefit from more housing.<\/p>\n

Yet there are hundreds of interventions reworking housing that cannot be ignored. To help entrepreneurs, investors and job seekers interested in creating better housing, I mapped these innovations in this package of articles.<\/p>\n

To make sense of this broad field, I categorize innovations into two main groups, which I detail in two separate pieces on Extra Crunch. The first (Part 1)<\/strong><\/a> identifies the key phases<\/a> of developing and managing housing. The second (Part 2)<\/strong> section identifies interventions that contribute to housing inclusion more generally, such as efforts to pair housing with transit, small business creation and mental rehabilitation.<\/p>\n

Unfortunately, many of these tools don\u2019t guarantee more affordability. Lowering acquisition costs, for instance, doesn\u2019t mean that renters or homeowners will necessarily benefit from those savings. As a result, some tools likely need to be paired with others to ensure cost savings that benefit end users \u2014 and promote long-term affordability. I detail efforts here so that mission-driven advocates as well as startup founders can adopt them for their own efforts.<\/p>\n

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