World Home Foundation in the Bloomberg New Economy Dynamic Cities Framework
At the fourth annual Bloomberg New Economy Forum in November 2021, the Bloomberg New Economy Cities Council presents a Dynamic Cities Framework to promote dynamism in the cities of the new economy.
In the wake of the pandemic, cities have an opportunity to rethink and revitalize their role as engines of the global economy via a people-centric, methodical approach to urbanization. This Dynamic Cities Framework, and ultimately Index, can help guide and inspire stakeholders at every level—municipal, regional, and national government leaders, private sector executives, community organizers and activists—to drive change. Ultimately, what the Bloomberg New Economy Cities Council wants to identify and promote are cities that, by constantly evolving and breaking ground, can answer unmet needs—and shape the evolution of the New Economy.
The Dynamic Cities Framework consists of six pillars, including those that provide a foundation of stability (Fair, Sustainable, Happy) and those that are drivers of change (Innovative, Data-driven, Responsive).
The World Home Foundation contributes to the Fair Pillar of the Bloomberg New Economy Dynamic Cities Framework.
+ Fair: Urban populations have been projected to grow, most rapidly in cities with over 10 million citizens. But economic growth has not been equal, nor has it delivered equal benefits to all urban residents. Health and environmental crises affect different income levels unevenly. If urban residents lack basic housing and access to infrastructure, inequality and segregation increase, as housing in the right place and at the right price are key to unlocking the opportunities of the urban core. How do cities deliver urban public goods such as housing, education, and healthcare (including public health) as fundamental human rights?
Rent burden; investments in affordable housing
+ Fanyu Lin’s World Home Foundation incorporates data into improving cities in several ways. Data collected as part of an ESG scoring framework can indicate the “health” of cities’ overall affordable housing sector. Data to be collected and analyzed includes:
Rent burden as measured by average net salary to house prices; income to price ratio
Percentage of affordable housing providers tracking their ESG
Average rating of providers on the system
Actual size and number of investments made in housing, as well as the size of the construction pipeline
Source: The Bloomberg New Economy Dynamic Cities Framework
