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Private sector involvement in social and affordable housing

Author

Listed:
  • Benedict, Richard
  • Gurran, Nicole
  • Gilbert, Catherine
  • Hamilton, Carrie
  • Rowley, Steven
  • Liu, Sha

Abstract

This research investigates models for engaging private sector investors and developers in financing or delivering social and affordable housing, across different market segments and tenures in Australia and internationally. It also identifies key existing and potential players, and financial, regulatory, or development barriers to wider participation. Prior to the COVID-19 pandemic, around 3,000 social and affordable dwellings were being produced per year, against an estimated annual need of around 36,000 homes. To meet the forecast demand, it is clear ‘hybridity’ of the housing system is essential, whereby social and affordable housing is increasingly financed, developed and managed by a combination of government, community-based and market providers, and cross-sector partnerships; no one sector can address the need alone. This study highlighted that a range of established and emerging affordable housing product types can be supported through collaboration with private not-for-profit and for-profit partners. These strategies include public private partnerships, mixed tenure developments, tax subsidies for affordable supply, home ownership schemes, build to rent and inclusionary planning mechanisms. These depend on different combinations of government subsidy, policy settings, and regulation, and are suitable for delivery across a variety of different development contexts.

Suggested Citation

  • Benedict, Richard & Gurran, Nicole & Gilbert, Catherine & Hamilton, Carrie & Rowley, Steven & Liu, Sha, 2022. "Private sector involvement in social and affordable housing," SocArXiv 9h6qj, Center for Open Science.
    • Handle: RePEc:osf:socarx:9h6qj
    DOI: 10.31219/osf.io/9h6qj
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    References listed on IDEAS

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    1. Kirk McClure, 2019. "What Should Be the Future of the Low-Income Housing Tax Credit Program?," Housing Policy Debate, Taylor & Francis Journals, vol. 29(1), pages 65-81, January.
    2. Hal Pawson & Vivienne Milligan & Chris Martin, 2019. "Building Australia's affordable housing industry: capacity challenges and capacity-enhancing strategies," International Journal of Housing Policy, Taylor & Francis Journals, vol. 19(1), pages 46-68, January.
    3. Vinit Mukhija & Ashok Das & Lara Regus & Sara Slovin Tsay, 2015. "The Tradeoffs of Inclusionary Zoning: What Do We Know and What Do We Need to Know?," Planning Practice & Research, Taylor & Francis Journals, vol. 30(2), pages 222-235, April.
    4. Steve Rolfe & Lisa Garnham & Isobel Anderson & Pete Seaman & Jon Godwin & Cam Donaldson, 2020. "Hybridity in the housing sector: examining impacts on social and private rented sector tenants in Scotland," Housing Studies, Taylor & Francis Journals, vol. 35(6), pages 1050-1072, July.
    5. Lawson, Julie & Pawson, Hal & Troy, Laurence & van den Nouwelant, Ryan & Hamilton, Carrie & Hayward, Richard Donald, 2018. "Social housing as infrastructure: an investment pathway," SocArXiv e9hky, Center for Open Science.
    6. Gilbert, Catherine & Nasreen, Zahra & Gurran, Nicole, 2021. "Housing key workers: scoping challenges, aspirations, and policy responses for Australian cities," SocArXiv zujt7, Center for Open Science.
    7. Gurran, Nicole & Gilbert, Catherine & Gibb, Kenneth & van den Nouwelant, Ryan & James, Amity & Phibbs, Peter & Hayward, Richard Donald, 2018. "Supporting affordable housing supply: inclusionary planning in new and renewing communities," SocArXiv 3mj8c, Center for Open Science.
    8. Stewart Smyth, 2019. "Embedding financialization: a policy review of the English Affordable Homes Programme," Housing Studies, Taylor & Francis Journals, vol. 34(1), pages 142-161, January.
    9. Hal Pawson & Vivienne Milligan & Chris Martin, 2019. "Building Australia's affordable housing industry: capacity challenges and capacity-enhancing strategies," European Journal of Housing Policy, Taylor and Francis Journals, vol. 19(1), pages 46-68, January.
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    Cited by:

    1. Canelas, Patricia & Alves, Sonia, 2024. "The governance of affordable housing through public-private partnerships: Critical entanglements," Land Use Policy, Elsevier, vol. 143(C).
    2. Crowe, Adam & Rowley, Steven, 2024. "Measuring housing affordability: Scoping the real cost of housing," SocArXiv hg4c3, Center for Open Science.

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