scholarly journals Affordable Housing vs. Urban Land Rent in Widespread Settlement Areas

2020 ◽  
Vol 12 (8) ◽  
pp. 3129 ◽  
Author(s):  
Raul Berto ◽  
Giovanni Cechet ◽  
Carlo Antonio Stival ◽  
Paolo Rosato
Keyword(s):  
Affordable Housing ◽  
Social Housing ◽  
Urban Areas ◽  
Low Cost ◽  
Urban Land ◽  
Housing Affordability ◽  
Investment Fund ◽  
Land Rent ◽  
Northeastern Italy ◽  
Settlement Areas

Social housing constitutes a partial response to the demand for affordable housing. In Europe, there are different forms of social housing, which are distinguishable based on whether they employ a universal or residual approach. The latter is employed by Italian initiatives for social residential construction, the financial instrument of which is the Investment Fund for Housing, a closed-end fund managed by CDP (Cassa Depositi e Prestiti) Investment, which provides public–private partnerships. The main obstacle to the supply of low-cost houses is the high cost of building areas or, in other words, the high urban land rent. The value of building areas is particularly high in urban areas and in widespread settlement areas, for instance, in Northeastern Italy. The main objective of this paper is to identify the trade-off between urban land rent and housing affordability in a social housing intervention in Pordenone (Northeastern Italy). Four different scenarios are developed, the variables of which are: Cost of the area (urban rent), cost of construction works (quality of the buildings), and household income distribution. The results show that achieving the economic and social objectives of a social housing investment simultaneously is not possible in any of the scenarios evaluated. To allow the social groups most in need to access affordable housing would require a reduction of approximately 30% of the estimated cost of a building area.

scholarly journals Affordable Housing Policies in India: Challenges and Reform

2019 ◽  
Vol 8 (3) ◽  
pp. 2706-2712
Keyword(s):  
Affordable Housing ◽  
Low Income ◽  
Urban Areas ◽  
Low Cost ◽  
Urban Housing ◽  
Housing Affordability ◽  
Housing Sector ◽  
Housing Shortage ◽  
Indian Government ◽  
Great Opportunity

The housing sector is one of the most globally recognized sectors, which estimate the need for affordable housing of 96,150 units/day in urban areas at a global level. Although the task represents an enormous challenge, but it also constitutes a great opportunity for developing countries' economy. After agriculture, the housing sector is the second leading employer in India over a growth of 30 percent in the last decade. The aim of this paper is to study and provide a solution to the existing urban housing problem in India. It attempts to distinguish the problem of the massive urban housing shortage that exists mainly in the Low Income Groups and Economically Backward Sections and provide low-cost housing choices that can be made available with proper policies by Indian Government. The total housing shortage estimated after 2011 census was 18.78 million. The urban population of India has risen from 285 million to 377 million from 2001 to 2011with growth of 32 percent and by 2050; 900 million people will be surviving in urban areas. The rapid growth of urban migration is putting an enormous strain on urban planners to develop an infrastructure in Indian cities. Absence of urban planning can exacerbate existing scenario of housing shortage. Thus, the need arises for a broader and a more encompassing set of policies by which housing affordability can be measured. In this paper, different government schemes are discussed with existing and new reforms of tax policies like REITs, GST, RERA and Benami Transaction Act. A sustainable and accessible model for the affordable housing can be achieved in developing nations through proper implementation of government schemes.

scholarly journals On Transforming Unused Urban Spaces to Social Housing for Self-Employed People in Ho Chi Minh City: An Architectural Space Design Proposal

2021 ◽  
Vol 13 (21) ◽  
pp. 12175
Author(s):  
Le-Minh Ngo ◽  
Hai-Binh Nguyen ◽  
Thi-Phuong Uyen Nguyen ◽  
Thi-Minh Dieu Nguyen
Keyword(s):  
Low Income ◽  
Social Housing ◽  
Urban Areas ◽  
Low Cost ◽  
Legal Framework ◽  
Operating Conditions ◽  
Urban Spaces ◽  
Ho Chi Minh City ◽  
Residential Areas ◽  
Property Market

As with many metropolitan areas, social housing (SH) provision, which can improve living standards and social welfare, is crucial for urban socio-economic development strategies in Ho Chi Minh City (HCMC). However, there have been issues relating to promoting social housing in the Vietnamese context resulting from the property market and the design. The former is a failure to attract investors. The latter relates to lacking housing models for the mid- and low-income communities. Currently, many low-income families who have low access to the general job market in HCMC have to make a living by running their own business at home. This situation leads to low-income housing establishments in some residential areas. Thus, the planning approach in social housing needs to solve both the demand for low-cost housing and promoting self-employed activities. In this paper, mixed methods, including observation, questionnaires, interviews, data aggregation, and comparison, were conducted with supporting legal conditions and corresponding operating conditions to propose appropriate designs for the SH for self-employed people in HCMC. First, observing and analyzing urban spaces helped identify the unused urban areas that solve the investment issue. Then, after studying the development of social housing in different contexts via the questionnaire and in-depth interviews, self-employed households’ basic information and their business needs in using SH spaces were identified in some districts. Then, based on the legal framework and practical projects, optimal space designs were formed.

Appropriating rent from greenfield affordable housing: developer practices in Johannesburg

2020 ◽  
Vol 52 (2) ◽  
pp. 337-361
Author(s):  
Siân Butcher
Keyword(s):  
Affordable Housing ◽  
Land Development ◽  
Active Role ◽  
Urban Land ◽  
The State ◽  
Land Rent ◽  
The Everyday ◽  
Personal Connections ◽  
Monopoly Rents ◽  
Rent Theory

‘Affordable housing’ for Johannesburg’s growing middle class is a developmentalist imperative and potentially lucrative market. However, few greenfield developers have found this market profitable. Fundamental to those who have, is control over land and its development. This paper puts heterodox urban land rent theory to work vis-à-vis the logics and practices of these developers. I illustrate how greenfield affordable housing developers work to (re)produce differential and monopoly rents in this context. Differential rents rely on investing in cheap land produced through the city’s racialised geography, and controlling land’s development through vertical integration, dynamic negotiations with local government and development finance institutions, and steering money and people into developments. Monopoly rents rely on the power of developers to act together as a class to secure land, give the appearance of competition and lobby the state in their interests. This power is built through racialised control over land and long personal connections. It is also consolidated by the state’s own land development bureaucracy and preference for ‘mega’ developments and recognisable developers. Together, these developer strategies to accrue differential and monopoly rents demonstrate their active role in the everyday making of land and housing markets. They also demand extensions of heterodox urban land rent theory: first, a more articulated understanding of how class monopoly power over land is built through race, and second, a more contingent analysis of capital’s relations to other actors and institutions, especially the state.

An analysis on housing affordability in Malaysian housing markets and the home buyers’ preference

2019 ◽  
Vol 13 (3) ◽  
pp. 375-392 ◽  
Author(s):  
Amy Soon ◽  
Consilz Tan
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
Urban Areas ◽  
Housing Price ◽  
Housing Markets ◽  
Housing Demand ◽  
Housing Affordability ◽  
Monthly Income ◽  
Content Type ◽  
Residential Units

Purpose This paper aims to investigate the housing preference and housing affordability in Malaysian housing markets. There is a lack of research on the gap between supply and demand of houses in this market. Urbanization has increased the demand of houses in urban areas. However, the high demand in residential units increases the housing price which causes the affordability level dropped. Besides, the residences that provided by developers do not meet the expectation of the home buyers. There are three attributes that examined in this research to understand the home buyers’ preference. Design/methodology/approach This paper provides quantitative analysis on the housing affordability and the home buyers’ preference. This paper presents the results on the home buyers’ housing affordability and buying preference on houses. In addition, the study further confirmed the significant relationship between monthly income and type of preferred house, as well as monthly income and range of housing affordability using cross-tabulation analysis. Findings The findings indicated that the housing price in the current market is not affordable by most of the homebuyers and there are certain attributes that important to home buyers which should not be neglected. Research limitations/implications This paper helps to shed light on the planning of Malaysian housing policy especially on the issue of providing affordable housing in urban areas. Practical implications Policymakers shall consider the elements of economics, social acceptance and feasibility of Malaysian housing policies to achieve sustainability in Malaysian housing markets. With the current government’s move to promote housing affordability amongst B40 income groups, local government and housing developers should work together in addressing housing demand in accordance to states and ensure that there is a more targeted housing policy. Social implications With the detailed analysis on the home buyers’ preference, it helps to promote sustainable housing developments in meeting basic housing needs and preference. Originality/value This is the first study to examine relationship between Malaysian housing affordability with monthly income and type of preferred house. In the meantime, the housing affordability is compared with mean housing price and type of perceived affordable house. The paper presented homebuyer’s preference in housing for the consideration of government and housing developers in providing affordable housing.

Exploring preferences for affordable housing criteria importance among EWS in India

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pavan Namdeo Ghumare ◽  
Krupesh A. Chauhan ◽  
Sanjaykumar M. Yadav
Keyword(s):  
Affordable Housing ◽  
Urban Areas ◽  
Supply And Demand ◽  
Housing Affordability ◽  
Town Planning ◽  
Content Type ◽  
Housing Projects ◽  
Questionnaire Surveys ◽  
Planning Experts ◽  
Criteria Importance

Purpose The purpose of this paper is to provide affordable housing to economically weaker section (EWS). The enormity of India’s housing affordability problem has led the authors to study and analyze the criteria delaying an affordable housing for EWS. The issues affecting supply and demand for affordable housing in Indian urban areas for EWS are analyzed. Design/methodology/approach The judgment sampling is used among housing and planning experts working in five different sectors, including local authorities, housing developers, housing sectors, town planning and property/affordable housing consultants. The study has established the problem and acknowledged 30 factors behind it. A total of 349 questionnaires were administered among the housing experts in 4 states of India. Descriptive statistical method was used to determine the significance of criteria. Findings A complete structure of criteria signifying housing affordability, established by the authors, is validated and analyzed in this paper. The questionnaire surveys were conducted with housing and planning experts across the four states of India to determine household perceptions on the criteria contributing to housing affordability and to rank these criteria according to their importance. The study establishes that the experts’ views on this issue differ insignificantly across different states of India, while they differ in certain levels depending on the urban area. Practical implications To build successful societies for the future, the authors wish to draw closer on affordability issues for EWS. The suggestions prominent information to investors, and real estate firms, which could assistance ecological growth of housing projects that are affordable. Originality/value Based on the examination of the ranking and greatness of housing criteria, this paper further suggests possible developments for EWS in India.

scholarly journals HOUSING AFFORDABILITY AND INTER-REGIONAL MOVES AMONG OLDER ADULTS

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S276-S276
Author(s):  
Sarah Mawhorter ◽  
Jennifer A Ailshire
Keyword(s):  
Older Adults ◽  
Rural Areas ◽  
Urban Areas ◽  
Low Cost ◽  
Housing Prices ◽  
Well Being ◽  
Housing Affordability ◽  
Housing Crisis ◽  
Mobility Patterns ◽  
Home Equity

Abstract Housing prices have risen in urban areas across the US since 2000, with only a brief interruption after the housing crisis of 2008. At the same time, prosperous urban areas have pulled away from declining urban and rural areas. Older adults are more likely to be affected by both increases and divergence of housing prices: owners may not be able to afford rising property taxes (though they benefit from increasing home equity), and renters are especially vulnerable. Housing affordability constraints may also affect the places where older adults can afford to move. In this paper, we compare the residential mobility patterns of adults aged 50+ living in high-cost, mid-cost, and low-cost areas from 2000-2014, using data from the Health and Retirement Study with county-level US Census and American Community Survey contextual data, as well as the Zillow Home Value Index. We find that both homeowners and renters living in high-cost areas remain in place at higher rates compared with those living in mid-cost and low-cost areas. Among those who move, older adults living in high-cost regions move towards mid-cost and low-cost regions more often than the reverse. The differences are particularly pronounced for renters. The overall outcome is a net movement of older adults away from high-cost areas towards mid-cost and low-cost areas. These shifts have consequences for the well-being of older adults facing budget constraints that may limit the areas where they can afford to live or move, and broader implications for the future of urban areas.

scholarly journals COMBATING SQUATTERS IN MALAYSIA: DO WE HAVE ADEQUATE POLICIES AS INSTRUMENT?

2017 ◽  
Vol 16 (6) ◽  
Author(s):  
Yusfida Ayu Abdullah ◽  
Julieven Nonoi Kuek ◽  
Hazlina Hamdan ◽  
Farrah Lyana Mohd Zulkifli
Keyword(s):  
Affordable Housing ◽  
Low Income ◽  
Urban Areas ◽  
Low Cost ◽  
National Plan ◽  
Housing Provision ◽  
The Public ◽  
Low Income Groups ◽  
Low Cost Housing ◽  
The Government

The year 2014 had witnessed the scenario where most of the states in Malaysia pledged to declare themselves as Zero Squatter state. Thus far, most of the states in Malaysia are still striving to achieve the goal. The government has therefore aspires to reach the target by the year 2020. The Malaysian government under its 5-years National Plan has since introduced the low, medium and high cost housing categories. The housing policy was therefore designed to provide the public of all income levels, particularly the low-income groups, with affordable housing as part of an effort to eradicate squatters. However, despite the various policies, the number of squatter families remains large, especially in the urban areas. This paper therefore, intends to examine the instruments put forward by the government to eliminate squatters and assess the roles of related parties assigned to achieve the government’s mission. Through a qualitative approach, results demonstrated that Malaysia has various types of polices and guidance at both the federal and state levels in relation to low-cost housing provision. These would have supposed to help reduce the number of squatters in the country. However, to date, Malaysia is still experiencing problems with squatters. This calls for further investigation.

scholarly journals Locatıon Housıng Affordabılıty as an Indıcator for Qualıty of Lıfe in Malaysıa

2017 ◽  
Vol 2 (6) ◽  
pp. 247
Author(s):  
Mohd Azren Hassan ◽  
Hazlina Hamdan ◽  
Jamalunlaili Abdullah ◽  
Yusfida Ayu Abddullah
Keyword(s):  
Quality Of Life ◽  
Urban Area ◽  
Affordable Housing ◽  
Low Income ◽  
Urban Areas ◽  
Well Being ◽  
Income Group ◽  
Economic Security ◽  
Housing Affordability

To have a quality of life is the ability to own a house. Housing affordability affects the quality of life concerning household well-being and economic security. The research sets to evaluate the location housing affordability for the low-income group base on housing and transportation expenditures in urban areas. 148 respondents have interviewed and by using an integrated Location Housing Affordability, it had indicated that location does influence housing affordability. The findings showed the urban area for the low-income group is seriously unaffordable. “Location" should be part of affordable housing because it affects housing affordability thus concerning the quality of life.

scholarly journals The housing crisis in Australia and New Zealand: A comparative analysis through policy lenses

2020 ◽  
Vol 10 (2) ◽  
pp. 212-223
Author(s):  
Don Amila Sajeevan Samarasinghe ◽  
Keyword(s):  
Comparative Analysis ◽  
New Zealand ◽  
Affordable Housing ◽  
Social Housing ◽  
Housing Affordability ◽  
Housing Crisis ◽  
Housing Policies ◽  
Body Of Knowledge ◽  
The World ◽  
The Government

Housing affordability is a prominent issue across the world. There is a growing concern that the number of people experiencing homelessness is rapidly increasing. As a solution, many countries, including Australia and New Zealand, have introduced housing policies aimed at providing affordable houses to low-to-medium income families. Over recent years, several affordable housing policies have been introduced in both Australia and New Zealand, including public housing initiatives, rental subsidies, accommodation supplements, state housing programmes and the provision of social housing. New Zealand launched the KiwiBuild programme in 2018 to increase housing affordability. Unfortunately, in 2019, KiwiBuild was unable to deliver its targeted primary objectives set by the Government. This study features a comparative analysis, primarily focusing on comparing and contrasting affordable housing policies in Australia and New Zealand. Subsequently, it discusses the reasons why the KiwiBuild programme failed. It makes recommendations based on policies used in Australia with a view to improving affordable housing policies in New Zealand. This research contributes and adds to the existing body of knowledge about affordable housing policies in both Australia and New Zealand. The recommendations will be helpful for future researchers who wish to develop workable policies to assist with affordable housing-related issues in New Zealand.

scholarly journals Neighborhood Walkability and Housing Affordability among U.S. Urban Areas

Urban Science ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 11 ◽  
Author(s):  
Bradley Bereitschaft
Keyword(s):  
Affordable Housing ◽  
Metropolitan Area ◽  
Urban Areas ◽  
Urban Neighborhoods ◽  
Housing Affordability ◽  
Urban Spaces ◽  
Metropolitan Region ◽  
Neighborhood Walkability ◽  
Walkable Neighborhood ◽  
Housing Age

With support and demand for walkable urban spaces on the rise, there has been growing concern among academics and practitioners of increasing exclusivity, particularly in amenity-rich areas. This study examines equity in neighborhood walkability from the perspective of housing affordability, asking whether more walkable urban neighborhoods have less affordable housing from the viewpoint of both neighborhood residents and households within the encompassing metropolitan region. While considering additional factors that may affect housing affordability, including coastal proximity, crime, rail access, housing age, housing size, and employment accessibility, the results indicate lower housing affordability primarily for renter households already living in walkable neighborhoods, but not for those looking to move to a more walkable neighborhood from within the same metropolitan area. Case studies of three large U.S. urban areas, Charlotte, NC, Pittsburgh, PA, and Portland, OR, highlight local variations in the walkability–housing affordability nexus.

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