RiskManagement Increase Affordable Housing for Syrian Refugees in Canada
Foraffordable housing to be provided for the Syrian refugees in Canada,several risks have to be adequately handled to minimize thelikelihood of the project to fail. The following are the risks thatthe project is likely to face (Pauly et al., 2013).
Thefirst risk is budget mitigation. It is apparent that a project asmassive as this will require a lot of funds being poured into it.Huge costs have to be incurred such as purchasing of the land needed,getting building permits and even the construction materials. Thesolution for this would be to find alternate forms of funding such asgovernmental grants and charity from well-wishers. The funds thatwill be raised through these methods will go a long way in loweringthe budget of the entire project (Brown, 2016).
Anotherrisk is the actual construction that will take place once the projectkicks off. This process is complicated and it requires expert’sskills to tackle. The solution will be to hire building contractorsthat will handle the entire construction. However, this option may berather costly (Li, 2015).
Anotherlikely risk is availability of land for construction. Currently,Canada has an increasing demand for housing, yet the supply does notfulfill it. This situation has made the cost of land and real estateto be very high. Thus, building affordable houses for the refugeeswill be a daunting task due to the possible expenses. The solutionwill be to partner with different organizations, both governmentaland non-governmental that are willing to assist the refugees. Thisventure will ease the entire process and cushion some of the costsexpected (Walsh et al., 2015).
Oppositionfrom the local Canadians is another expected risk that the projectmight face. Housing has become a problem in Canada since the supplydoes not cover the need. Therefore, homeless Canadians would alsowant to be included in the affordable housing program. The solutionwould be to involve the entire community in this project and ensurethat they all participate in building houses for all those in needincluding the refugees (Gaetz et al., 2013).
Brown,N. R. (2016). Housing Experiences of Recent Immigrants to Canada’sSmall Cities: the Case of North Bay, Ontario. Journalof International Migration and Integration,1-29.
Gaetz,S., Scott, F., & Gulliver, T. (2013). Housing First in Canada:Supporting communities to end homelessness.
Li,J. V. (2015). Recent trends on housing affordability research: whereare we up to?. Availableat SSRN 2555439.
Pauly,B. B., Reist, D., Belle-Isle, L., & Schactman, C. (2013). Housingand harm reduction: What is the role of harm reduction in addressinghomelessness?. InternationalJournal of Drug Policy, 24(4),284-290.
Walsh,C. A., Hewson, J., Paul, K., Gulbrandsen, C., & Dooley, D.(2015). Falling through the cracks. SAGEOpen, 5(3),2158244015607353.