Informal Housing and Community Led Local Economic Development
The number of slums and squatter settlements is rising globally; this is recognized as a significant problem as many of the urban poor find housing in these settlements. With the expanding slum settlements comes a serious problem for many developing nations, that of finding a mechanism to eradicate these informal developments. A possible mechanism for the eradication of informal settlements is housing ownership, which can be seen not only as a catalyst for individual wealth creation but also as a driver of Local Economic Development (LED). By creating security of tenure, residents will be more inclined to engage in local economic development initiatives and practices.(original abstract)
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