Empirical Study Of Foreign Public Housing Finance And Financial System

Housing problems has existed for a long time, and it has been worsening among urban residents, with the process of modernization and urbanization accelerated degree. The housing problem of low-income groups is even more severe. As to this issue, international common practice is to provide affordable housing for low-income families. The policy housing in the world is called public housing, and is called affordable housing in domestic. Public housing has a nearly a century history of the development in some countries, such as the USA and the Britain. In some countries experienced the Second World War, in order to alleviate the acute housing shortage, developing public housing was an important task of reviving the national economy in a special times. Public housing policy continuously adjusted during the past period, and will continue to play the role of housing support in the future.In the early stages of the development of public housing, government finances was a major source of construction founds of public housing. So far, in some of the welfare state, housing security expenditure to GDP is still high. Although, financial support is crucial to public housing. However, the huge construction founds of public housing is also big burden to government. Therefore, it is very import for government to find an appropriate financing model for public housing construction which can provide adequate funding with a long-term, stable, and a wide variety of sources. It will have a major impact on the public housing’s future development. Countries varied each other both in public housing funding sources and financing methods. Their experiences in this field will bring us some useful reference.There are a large number of financial policies contained in a country’s public housing policy. With public housing finance, the low-income groups were able to enjoying the preferential housing policies of the government. Public housing finance plays an important role in the Housing consumption. On the one hand, by means of public housing finance, the government’s various preferential financial policies can be the implemented well. On the other hand, in order to increase their access to credit, or in order to enhance their affordability of housing or their affordability of rent, public housing finance provide some necessary housing financial services for the housing consumer.With different national housing policy, and with different banking industry and financial industry, national public housing finance system varies from each other. Summarize the characteristics of public housing finance system is bound to have an important impact of building and improving our public housing.This paper selects five countries in where public housing makes some achievements for the empirical research. The research is focusing on three key points; they are public housing’s raise funds the model, public housing’s credit services to consumers and subsidy policies. From the perspective of the public housing system, do a study on it’s the public housing finance mechanisms. By means of economic analysis methods, as well as the three market filtering model, the paper makes a detailed analysis of different effectiveness caused by different financial policies.On the basis of the mode of financing of the five countries for public housing and housing finance system, analyze the shortcomings and problems in the development of affordable housing in China, the use of economic analysis and game theory discuss some of these issues made detailed analysis and elaboration. Finally, with the national situation, given the mode of financing of the affordable housing choice and affordable housing financial system to build the program.