BRT Mode for Low-Rent Housing
During the period of the Twelfth Five-Year Plan, Chinese government is planning to build 36 million apartments with the aim of providing public housing and affordable housing. As there is a shortage of fiscal budget, Build-Rent-Transfer (BRT) procurement strategy is proposed to tap private capital for the housing program. This paper first analyzes relationships among a concession period, housing rents and government’s subsidies through cash flow analyses. Then it proposes a formula to adjust government’s subsidies to mitigate risk exposure of project sponsors. The findings of this paper show that BRT can tap private capital if the government provides reasonable subsidies.
public housing low-rent housing BRT government subsidies.
Jing ZHANG
School of economics and management, Beijing Jiaotong University, Beijing, China 100044
国际会议
2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)
广州
英文
219-222
2011-11-19（万方平台首次上网日期，不代表论文的发表时间）