IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/9h6qj.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: https://osf.io/download/634776530db48e2c41e10b3c/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/9h6qj?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    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. 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.
    8. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Crowe, Adam & Rowley, Steven, 2024. "Measuring housing affordability: Scoping the real cost of housing," SocArXiv hg4c3, Center for Open Science.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ghasri, Milad & Stone, Wendy & Easthope, Hazel & Veeroja, Piret, 2022. "Predicting risk to inform housing policy and practice," SocArXiv shk5j, Center for Open Science.
    2. Gurran, Nicole & Hulse, Kath & Dodson, Jago & Pill, Madeleine & Dowling, Robyn & reynolds, margaret & Maalsen, Sophia, 2021. "Urban productivity and affordable rental housing supply in Australian cities and regions," SocArXiv qrdb6, Center for Open Science.
    3. Emmanuel Joseph Odoyi & Kirsikka Riekkinen, 2022. "Housing Policy: An Analysis of Public Housing Policy Strategies for Low-Income Earners in Nigeria," Sustainability, MDPI, vol. 14(4), pages 1-27, February.
    4. Liu, Edgar & valentine, kylie & Batterham, Deb & Stone, Wendy & Martin, Chris & Parkinson, Sharon & Hynes, Danielle, 2023. "Poverty and Australian housing: findings from an Investigative Panel," SocArXiv q2tfs, Center for Open Science.
    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. Martin, Chris & Reeve, Rebecca & McCausland, Ruth & Baldry, Eileen & Burton, Pat & White, Rob & Thomas, Stuart, 2021. "Exiting prison with complex support needs: the role of housing assistance," SocArXiv rnk2c, Center for Open Science.
    7. Gurran, Nicole & Rowley, Steven & Milligan, Vivienne & Randolph, Bill & Phibbs, Peter & Gilbert, Catherine & James, Amity & Troy, Laurence & van den Nouwelant, Ryan & Hayward, Richard Donald, 2018. "Inquiry into increasing affordable housing supply: Evidence-based principles and strategies for Australian policy and practice," SocArXiv mt5vw, Center for Open Science.
    8. Levin, Iris & Tually, Selina & De Vries, Jacqueline & Kollmann, Trevor & Stone, Wendy & Goodwin-Smith, Ian, 2023. "Innovations in stock matching and allocations: the social housing challenge," SocArXiv zf48k, Center for Open Science.
    9. Mario A. Fernandez & Shane L. Martin, 2020. "Staged implementation of inclusionary zoning as a mechanism to improve housing affordability in Auckland, New Zealand," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 13(4), pages 617-633, February.
    10. Yi Feng & Fulong Wu & Fangzhu Zhang, 2024. "Building state centrality through state selective financialization: Reconfiguring the land reserve system in China," Environment and Planning A, , vol. 56(3), pages 766-783, May.
    11. Juan Yan & Marietta Haffner & Marja Elsinga, 2021. "Inclusionary Housing: An Evaluation of a New Public Rental Housing Governance Instrument in China," Land, MDPI, vol. 10(3), pages 1-17, March.
    12. Murray, Cameron & Ryan-Collins, Josh, 2020. "When homes earn more than jobs: the rentierization of the Australian housing market," OSF Preprints 8f67h, Center for Open Science.
    13. Huang, Donna & valentine, kylie & Cripps, Kyllie & Flanagan, Kathleen & Habibis, Daphne & Martin, Chris & Blunden, Hazel, 2020. "Inquiry into integrated housing support for vulnerable families," SocArXiv kb45q, Center for Open Science.
    14. Martin, Chris & Lawson, Julie & Milligan, Vivienne & Hartley, Chris & Pawson, Hal & Dodson, Jago, 2023. "Towards an Australian Housing and Homelessness Strategy: understanding national approaches in contemporary policy," SocArXiv h5tja, Center for Open Science.
    15. Yanotti, Maria B. & Banks, Marcus & de Silva, Ashton & Anantharama, Nandini & Peter Whiteford, & Bowman, Dina & Csereklyei, Zsuzsanna, 2021. "The utility of new data in understanding housing insecurity," SocArXiv qb4d2, Center for Open Science.
    16. Gabbe, C.J., 2019. "Local regulatory responses during a regional housing shortage: An analysis of rezonings in Silicon Valley," Land Use Policy, Elsevier, vol. 80(C), pages 79-87.
    17. Whelan, Stephen & Pawson, Hal & Troy, Laurence & Ong, Rachel & Lawson, Julie, 2023. "Financing first home ownership: opportunities and challenges," SocArXiv kjf7m, Center for Open Science.
    18. Leishman, Chris & Aminpour, Fatemeh & Baker, Emma & Beer, Andrew & Crowe, Adam & Goodall, Zoë & Horton, Ella & Jacobs, Keith & Lester, Laurence & Maclennan, Duncan, 2022. "Australia’s COVID-19 pandemic housing policy responses," SocArXiv yef47, Center for Open Science.
    19. Harvie, David & Lightfoot, Geoff & Lilley, Simon & Weir, Kenneth, 2021. "Social investment innovation and the ‘social turn’ of neoliberal finance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 79(C).
    20. Ernest Uwayezu & Walter T. de Vries, 2020. "Access to Affordable Houses for the Low-Income Urban Dwellers in Kigali: Analysis Based on Sale Prices," Land, MDPI, vol. 9(3), pages 1-32, March.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:9h6qj. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.