What are the most innovative proptech solutions for affordable housing?

Affordable housing is a pressing challenge for many cities and communities, especially as the demand for quality and sustainable living spaces exceeds the supply. Fortunately, proptech, or the use of technology to improve the real estate sector, offers some innovative solutions that can help address this issue. In this article, we will explore some of the most promising proptech solutions for affordable housing, and how they can benefit property managers, tenants, and society.

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1 Modular construction

Modular construction is a method of building prefabricated units that can be assembled on-site, reducing the time, cost, and waste of traditional construction. Modular construction can also enable more flexible and adaptable design, as well as higher standards of quality and safety. For affordable housing, modular construction can help increase the supply of units, lower the barriers to entry, and improve the environmental impact of buildings.

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2 Smart home devices

Smart home devices are gadgets that can connect to the internet and automate or control various functions in a home, such as lighting, heating, security, and entertainment. Smart home devices can help tenants save money and energy, enhance their comfort and convenience, and monitor their health and safety. For affordable housing, smart home devices can also help property managers optimize their operations, reduce maintenance costs, and increase tenant satisfaction and retention.

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3 Blockchain and tokenization

Blockchain is a system of storing and transferring data in a decentralized and secure way, using cryptography and distributed networks. Tokenization is a process of converting an asset or a right into a digital token that can be traded or exchanged on a blockchain platform. Blockchain and tokenization can help create new models of financing, ownership, and governance for affordable housing, as well as increase transparency, efficiency, and accessibility. For example, tokenization can enable fractional ownership, crowdfunding, and social impact investing for affordable housing projects.

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4 Artificial intelligence and big data

Artificial intelligence (AI) is a branch of computer science that aims to create machines or systems that can perform tasks that normally require human intelligence, such as learning, reasoning, and decision making. Big data is a term that refers to the large and complex sets of data that are generated by various sources, such as sensors, social media, and transactions. AI and big data can help analyze and optimize the performance, demand, and impact of affordable housing, as well as provide insights and recommendations for property managers, tenants, and policymakers.

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Dr. Franco Fernando YANINE

Assoc. Professor, Academic, Inventor, Industry Consultant, Post Doc @ U. Finis Terrae, UTFSM, ENEL Distribución SA 3/2017-3/2020
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At the Faculty of Engineering of Finis Terrae University (Chile) we have an engineering lab on AI and Big Data dedicated to solving pressing issues and finding new solutions to some of the current challenges that our world is facing. One of these challenges is finding affordable means of creating housing solutions that can be both sustainable and also comfortable. The key to affordable housing is affordable materials, that are easy to use and building arrangements that are very easy to ensamble, energy efficient and with good insulating properties. Photovoltaic and thermal solar energies are also an excellent choice of electricity and hot water supply. Heating and cooling can also be supplied with the same means through heat exchange.

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5 3D printing

3D printing is a technology that can create physical objects from digital models, by depositing layers of material on top of each other. 3D printing can enable more creative and customized design, as well as lower the cost and waste of production. For affordable housing, 3D printing can help create more diverse and durable units, as well as address the challenges of land scarcity, labor shortage, and environmental sustainability.

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6 Virtual and augmented reality

Virtual reality (VR) is a technology that can create immersive and interactive simulations of real or imagined environments, using devices such as headsets, gloves, and controllers. Augmented reality (AR) is a technology that can overlay digital information or images on top of the real world, using devices such as smartphones, tablets, and glasses. VR and AR can help enhance the experience and engagement of affordable housing, as well as provide new opportunities for education, entertainment, and social interaction. For example, VR and AR can enable virtual tours, remote collaboration, and gamification for affordable housing projects.

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Dr. Franco Fernando YANINE

Assoc. Professor, Academic, Inventor, Industry Consultant, Post Doc @ U. Finis Terrae, UTFSM, ENEL Distribución SA 3/2017-3/2020
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Our faculty of Engineering at Finis Terrae University in Santiago, Chile has launched a diploma on Virtual Reality and Video Games Engineering and offers several opportunities for addressing pressing needs in today's world. One of them is a creating solutions for affordable housing. We are launching a new major in Virtual Reality and Video Games Engineering beginning on March 2024. We would love to collaborate with partners and contribute to finding affordable and highly innovative solutions to the affordable housing challenge.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the most innovative proptech solutions for affordable housing?

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2

3

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1 Modular construction

2 Smart home devices

3 Blockchain and tokenization

4 Artificial intelligence and big data

5 3D printing

6 Virtual and augmented reality

7 Here’s what else to consider

Property Management

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What are the most innovative proptech solutions for affordable housing?

1

2

3

4

5

6

7

1 Modular construction

2 Smart home devices

3 Blockchain and tokenization

4 Artificial intelligence and big data

5 3D printing

6 Virtual and augmented reality

7 Here’s what else to consider

Property Management

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