From Principles to Practice DIGITAL

Ahualulco Land Ownership and Development Programme2024-2027 Ahualulco, Jalisco, Mexico New lots in Ahualulco de Mercado, Mexico. New Story Presented by New Story According to UN-Habitat, more than 1.8 billion people worldwide lack adequate housing, with projections indicating this number could rise to 3 billion by 2030. New models at scale are needed in response. This global housing crisis often disproportionately affects women and children, perpetuating cycles of poverty. New Story’s model addresses the causes of this crisis by empowering vulnerable families through projects that promote land and home ownership – providing a foundation for stability and improved living conditions. In towns like Ahualulco de Mercado in central Mexico, with a population of more than 23,000 and a 41% state poverty rate, tradi- tional housing markets have failed to serve vulnerable families – only 39 affordable homes have been sold in this area in the last five years. In partnership with local developer UR+PA, New Story deliv - ered 401 serviced lots with essential infrastructure (water, sewage, electricity and roads). This had a tenfold impact, affecting 1,500 individuals (340 families). Additionally, 66.5% of the landowners are women – more than double Mexico’s average of 30%. By engaging local actors, New Story is addressing a critical hous- ing shortage by creating a housing market for low-income families. This cost-effective approach breaks the cycle of poverty and ena - bles families to build homes and generational wealth for the first time.New Story's innovative market-based solution addresses the global housing crisis by empowering families to become landowners and homeowners in thriving communities. 45HIGHLIGHTS FROM THE DBQS ECONOMY DIVERSITY GOVERNANCE FUNCTIONALITY