A Model to Assess the Feasibility of Public–Private Partnership for Social Housing

Abstract

Abstract:The effects of the world economic and financial crisis, which began in 2007 and is still in progress, has made increasingly sharp the line of demarcation between those able to access home ownership on the free market, and those unable to do so. For the European Union's member states, Social Housing (SH) policies include all the initiatives aimed at providing housing support for all the weak segments of the population; these policies have declined differently by different Member States according to their specific needs. In Italy, the growing need for SH accommodation together with the shortage of public resources makes developing forms of Public-Private Partnership (PPP) necessary. Evaluation techniques like Break-Even Analysis and Contribution Margin Analysis are useful in planning interventions including SH initiatives in the context of real estate development or retraining initiatives in PPP (in negotiation processes or in project financing). These kinds of techniques especially allow evaluation of public and private convenience in PPP. In the present work, an assessment procedure has been structured: first the main parameters of a settlement of SH initiative in PPP are defined; subsequently, it is possible to assess the feasibility and the financial balance of the initiative itself. The procedure has been applied to a case study: the interrupted initiative of self-renovation in Via Grotta Perfetta 315 in Rome (Italy).

The Methodology for Supporting Land Use Management in Collective Housing towards Achieving Energy Efficiency: A Case Study of New Belgrade, Serbia

“…Several innovative topics have appeared in a contemporary context: Evaluation techniques of planning interventions including social housing initiatives in the context of real estate development, various methodological approaches for regeneration of a public and social housing buildings through a public/private/partnership operation [23][24][25]. Intelligent transport infrastructure and the introduction of motion control sensors as an element of intelligent mobility are also contemporary topics that have their base in the idea of Smart City [8].…”

Social Housing: An Appraisal Model of the Economic Benefits in Urban Regeneration Programs

“…It is in this context that the financial approach has crept into traditional methods of appraisal, and techniques such as the "Costing" which divides costs by type (direct and indirect) and variability (fixed and variable) [16,17]; Discount Cash Flow Analysis (DCFA) to examine financial results and risks [18]; Profit Volume Analysis (CVPA) [2], break-even analysis BEA [19], taken from the business economy, they have since been used (and still are) to appraise the feasibility of real estate investments from a private point of view.…”

“…A third factor has affected the sociological transformation of society and the family, which has added to the social classes historically considered weaker (low income, unemployed, homeless, ex-prisoners, immigrants) other population groups (young couples, singles, spouses) separated/divorced, students, elderly) who are unable to meet their housing needs on the free market [2].…”

Policy Design and Implementation of a New Public Rental Housing Management Scheme in China: A Step Forward or an Uncertain Fate?

“…It is worth noting that, even in the face of possible local financial constraints, the Public-Private-Partnership (PPP) model which is commonly used abroad [64] has not been adopted in the new policy. This mainly has the following reasons: to begin with, although the government pays more and more attention to the application of PPP in the provision phase of public rental housing (PRH), most of the existing PRHs are directly invested by the government (Table 1).…”