This paper highlights the need for more inclusive and sustainable development of social housing in rapidly developing countries of Asia, Latin America, and Africa. In the example of the Philippines, a multi-perspective development process for a bamboo-based building system is developed. Sustainability Assessment Criteria are defined through literature review, field observations, and interviews with three stakeholder clusters: (1) Builders and users of traditional bamboo houses in the Philippines; (2) Stakeholders involved in using forest products for housing in other countries around the world; and (3) Stakeholders in the field of social housing in the Philippines. Through coding and sorting of data in qualitative content analysis, 15 sustainability assessment criteria are identified clustered into the dimensions of society, ecology, economy, governance, and technology.