Social housing as infrastructure and the role of mission driven financing

Julie Lawson, Laurence Troy and Ryan van den Nouwelant

Housing Studies, 2024, vol. 39, issue 2, 398-418

Abstract: Australia, like many other housing systems in Western Europe and the US, increasingly relies on private financing arrangements for social housing. It is spending more than ever before on demand side assistance, yet both the production of dedicated social housing and housing affordability are declining. From the perspective of needs-based social infrastructure, this paper presents the outcomes of research into the development of a more productive investment pathway. Multi-criteria evaluation and financial modelling compares and assesses the cost to government of five investment scenarios involving a range of debt, efficient financing and capital investment strategies. This research finds that, while current governments tend to favour private financing and facility lease arrangements, paying down private financing during operations is the least cost effective means for governments to subsidise social housing. Capital grant funding and land valuation policies are more cost effective in the medium and long term but require more active government involvement in needs based planning, strategic investment and regulation.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/02673037.2022.2056152 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:39:y:2024:i:2:p:398-418

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/chos20

DOI: 10.1080/02673037.2022.2056152

Access Statistics for this article

Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint

More articles in Housing Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().