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Posted by TLG on March 4, 2016
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In Uganda, there has long been an apartment shortage.

A total of 1.7 million liveable Apartment units are lacking in Uganda.

According to reports, there are 550,000 fewer Apartment units in Kampala alone.

In addition, it is predicted that Uganda will experience an apartment shortfall of roughly 8 million units in 20 years, of which 2.5 million will be in metropolitan areas and 1 million in Kampala.

In the past, decision-makers and residents have sought to the federal government for assistance, funding government initiatives to provide affordable Apartment using funds from taxpayers. These remedies, though, won’t be enough to close the gap, which is becoming wider. Individual investors and businesses using their own business models to collaborate with governmental organizations and create long-term affordable Apartment are the long-term solution.

Although it may initially appear that making a profit while providing homes for less than market value is difficult, there are ways investors can get involved and benefit.

Look for long-lasting, significant solutions.

But it’s crucial that investors and developers are aware of what low-income households require.

It may seem fantastic in principle to demolish outdated public apartment buildings in order to build brand-new mixed-income apartment developments, but the long-term effect of this strategy is much fewer affordable apartment units.

However, the number of apartment units intended for low-income families in mixed-income projects needs to be the same as the number of affordable projects eliminated. Mixed-income apartment can help reduce crime and offer better-quality apartment in more geographically diversified sections of the city.

Particularly when it comes to social services, developers should think about what additional services or social impact solutions may be offered in an affordable home construction project.

In locations with high concentrations of low-income residents and worse schools, amenities, and services, many affordable Apartment developments are situated.

A day-care center, hospital, or grocery store with access to fresh food on-site can enhance community standards and lessen problems like crime that might occur in public Apartment developments.

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