Addressing the Dichotomy of Federal Affordable Housing Policy and Program Implementation

2012 ◽  
Author(s):  
Steven Michael Knight
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
Program Implementation

THE LOW-MIDDLE INCOME HOUSING CHALLENGES IN MALAYSIA

2020 ◽  
Vol 18 (11) ◽  
Author(s):  
Ernawati Mustafa Kamal ◽  
Kong Seng Lai ◽  
Nor Aini Yusof
Keyword(s):  
Housing Policy ◽  
State Government ◽  
Affordable Housing ◽  
Public Awareness ◽  
Income Group ◽  
Middle Income ◽  
Human Needs ◽  
Urban Rural ◽  
One Stop ◽  
Group Interviews

Homeownership is recognised as one of human needs. However, in the 21st century, homeownership remained as one of the greatest challenges in most developing countries, and Malaysia is no exception. Housing for everyone remained an issue in Malaysia. Homeownership for the low to medium income group (LMIG) is getting difficult overtime. Questions raised on the competency of the existing housing policy in catering the uprising needs to house the LMIG. This study aims to explore the challenges within the housing policy and its implementation, and to identify ways to overcome those challenges. Opinions from four major stakeholders in the housing sector; the federal government, the state government, non-governmental organisations, and academicians were solicit using focus group interviews protocol. The results point-out three major concerns- 1) loose connection between the federal and state government, 2) mismatched of housing policy, and 3) inadequacy of financial system and poor demographic profile. Subsequently, four alternatives were proposed to address the issues raised- 1) one-stop center that operates above the differences between the governments, 2) establishes the social infrastructures before Affordable Housing in sub-urban/rural area is approved, 3) government’s active interventions on affordable house pricing, and 4) public awareness on homeownership through education.

Analysis of Affordable Housing Policy in Global Cities and the Inspiration to Shanghai

2019 ◽  
Vol 34 (2) ◽  
pp. 70-77
Author(s):  
Yiru Jia ◽  
Ze Zhang ◽  
Siyu Miao ◽  
Yang Xiao
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
Global Cities

scholarly journals Municipal finance for housing: local government approaches to financing housing in cities

2019 ◽  
Author(s):  
Christopher Feather
Keyword(s):  
Fiscal Policy ◽  
Local Government ◽  
Housing Policy ◽  
Affordable Housing ◽  
Local Governments ◽  
Urban Poor ◽  
Decision Makers ◽  
Municipal Finance ◽  
Housing Needs ◽  
National Governments

Housing policy is usually seen as the domain of national governments, and in many countries local authorities have relinquished direct engagement in the promotion of adequate housing. High costs associated with related policies and programmes are often cited as justification for minimal involvement, leading to fewer community-level interventions on affordable formal housing. This article presents financial approaches for local government leaders and decision-makers to consider in furthering affordable access to adequate housing for their citizens. The article argues that when local governments engage on housing with innovation and financial pragmatism, the housing needs of the urban poor and vulnerable can be better served. KeywordsMunicipal finance, local government, affordable housing, fiscal policy, cities, capacity-building

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.

Housing Policy Across the United States

2018 ◽  
Author(s):  
Kristin M. Szylvian
Keyword(s):  
Private Sector ◽  
Housing Policy ◽  
Affordable Housing ◽  
Ronald Reagan ◽  
The United States ◽  
Urban Housing ◽  
Living Environment ◽  
National Association ◽  
Middle Income ◽  
The Government

Federal housing policy has been primarily devoted to maintaining the economic stability and profitability of the private sector real estate, household finance, and home-building and supply industries since the administration of President Franklin D. Roosevelt (1933–1945). Until the 1970s, federal policy encouraged speculative residential development in suburban areas and extended segregation by race and class. The National Association of Home Builders, the National Association of Realtors, and other allied organizations strenuously opposed federal programs seeking to assist low- and middle-income households and the homeless by forcing recalcitrant suburbs to permit the construction of open-access, affordable dwellings and encouraging the rehabilitation of urban housing. During the 1980s, President Ronald Reagan, a Republican from California, argued it was the government, not the private sector, that was responsible for the gross inequities in social and economic indicators between residents of city, inner ring, and outlying suburban communities. The civic, religious, consumer, labor, and other community-based organizations that tried to mitigate the adverse effects of the “Reagan Revolution” on the affordable housing market lacked a single coherent view or voice. Since that time, housing has become increasingly unaffordable in many metropolitan areas, and segregation by race, income, and ethnicity is on the rise once again. If the home mortgage crisis that began in 2007 is any indication, housing will continue to be a divisive political, economic, and social issue in the foreseeable future. The national housing goal of a “decent home in a suitable living environment for every American family” not only has yet to be realized, but many law makers now favor eliminating or further restricting federal commitment to its realization.

scholarly journals SYSTEMATIC ANALYSIS OF AFFORDABLE HOUSING DEVELOPMENT AND PRICING STRUCTURE IN SHENZHEN, CHINA

2015 ◽  
Vol 19 (1) ◽  
pp. 58-65 ◽  
Author(s):  
Chun Pong SING ◽  
Peter E. D. LOVE ◽  
Wing Hong FUNG ◽  
Yun Zi HE
Keyword(s):  
Housing Policy ◽  
Affordable Housing ◽  
House Prices ◽  
Housing Prices ◽  
Housing Development ◽  
Chinese Government ◽  
Systematic Analysis ◽  
Middle Income ◽  
The Government ◽  
Low And Middle Income

As a result of urban housing reform in China, it has become increasingly difficult for low and middle income families to purchase a house. In response to the growing demand for affordable housing, the Chinese Government has developed a specific housing policy to enable families to purchase properties from the private sector. The pricing mechanism of such housing is completely based on the family affordability and the profit margin of developers. To ensure the provision of housing for low and middle-income families, the future trend of affordable housing prices has become a concern for developers, consumers and may adversely influence the implementation of the current national housing policy. In this paper a systematic analysis of affordable housing development and its pricing structure is undertaken for the city of Shenzhen. As information pertaining to the factors influencing house prices is imperfect, a Grey model, which requires a limited amount of data to reflect unknown behavior, is constructed to provide a forecast for affordable house pricing. The analysis indicates that the government should adjust their current affordable housing policy to accommodate the forecasted upward trend in house prices.

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