Discussion Document - Investors for Affordable Cities - Responsible Investment in Housing: General Principles and Progressive Framework

Discussion Document Investors for Affordable Cities Responsible Investment in Housing: General Principles and Progressive Framework A P R I L 2 0 2 3 The Right to Adequate What this document for discussion includes: Housing is a human right under the Universal 1 G eneral principles for responsible 2 Framework for Investing in the investment in housing: A set of seven Human Right to Adequate Housin. [...] company, such as units in a REIT, and/or is not implicated in the operation of the asset, it can use its leverage and influence to promote the principles and use the progressive framework to assess and engage the entities in which it invests. [...] When building habitability is eroded through building neglect and the owner In some sections, we propose distinct actions for “all buildings” increases rents to invest in upkeep, affordability and security of tenure and “new buildings,” or assets in the pre-development through the for the tenant may be eroded. [...] INVESTORS FOR AFFORDABLE HOUSING | 9 Security of tenure: New buildings Baseline Practices Leading Practices Assess potential human rights risks Make a policy commitment to avoid Offer tenants of buildings demolished or and impacts of any development or permanently displacing any tenant living in a converted to build a new building the right to redevelopment that will result in the building that wi. [...] INVESTORS FOR AFFORDABLE HOUSING | 11 1 The Universal Declaration of Human Rights and the International Covenant on Economic, Social and Cultural Rights recognize the right to adequate housing as a human right.