A Study on the Application of PPP in Public Housing

摘要

Although not as commonly applied as area of infrastructure, public-private partnerships (PPP) in the delivery of homes have been practiced globally (Payne, 2000). However, application of PPP in subsidized housing still takes a smaller proportion among PPP housing projects especially when public housing is facing great demand. The perfection of subsidized housing system could help to achieve the goal of developing a harmonious society by accommodating more low-income people on the waiting list. It also helps the low-income groups to relieve financial burden. However, project has confronted a series of problems. This concern may start from how to make the private sectors to get involved, since public housing projects may generate little interest. Actually, investment in public housing by private sectors may predict long payback period and fewer profits. This paper aims to find out a suitable risk-sharing mode to increase the willingness of private sectors in subsidized project by allocating risks in a reasonable way.