On Financing Model Of Indemnificatory Housing In Bengbu City

With the rapid development of China’s economy,industrialization and urbanization,house prices have been stubbornly high. In order to fully improve the housing difficulties of low-income families,China is vigorously promoting the construction of affordable housing projects and strive to build36million new affordable housing until the end of "Twelve Five" period,to reach the20%target of affordable housing coverage. Currently,China’s affordable housing projects has not yet formed a unified mechanism in investment,construction,operation and management aeras.There is a problem of unbalanced regional development,the affordable housing construction started earlier in the economy developed eastern coastal areas where the operating system has relatively complete, while the economy relatively backward western regions started late and the operating system is not perfect. The shortage of funds has become an important factor restricting the development of affordable housing. China’s current construction of affordable housing funds mainly come from the government budget,value-added income of housing fund, net income of land premium and bank loans. Generally speaking,the funding sources which highly dependent on the government, is too single to bring a lot of pressure of government finances.Paper selecte Bengbu as the main research subjects. Now Bengbu existing affordable housing are low-rent housing, public rental housing,shantytowns and affordable housing.Through field research and in-depth understanding of construction scales and capital requirements from the perspective of financing analysis Bengbu affordable housing.The first half of the article introduces some relative theories such as Public Goods Theory,Keynesian Theory,New Public Management Theorys which laid the theoretical foundation of the full text. And defined each type of affordable housing,detaily descrip the low-rent housing,public rental housing,shantytowns and affordable housing. Then introduce the current development status of some city’s affordable housing from land supply,start and completion conditions, allowing readers to have a macro understanding of the development of affordable housing.And then analyzed typically domestic cities and foreign countries financing models of affordable housing. Paper introduce three domestic cities affordable housing financing model of Huangshi,Shanghai and Chongqing,selected more mature affordable housing financing models of foreign countries such as the United States,Singapore,Japan,France and so on. In these modes which based on the actual situations all introduce social capital into the building of affordable housing, laid the practical foundation of this article.In the analysis of Bengbu’s affordable housing, according to the situation of the construction and funding sources of Bengbu’s low-rent housing,public rental housing,shantytowns and affordable housing we found that the affordable housing construction funds highly dependes on government which bringing great financial pressure.The most financing resuorse are bank loans, lacking social capital’s participate and the financing mode is too single. Based on these problems,we design some innovative financing models for all types of affordable housing, introducing social capital to participated by the government, diversing sources of affordable housing funding,so that not only ease the financial pressure on the government and also optimize the allocation of social capital.Finally,based on the whole investment and analysis,we put forward some policly recommendations to improving the financing status of bengbu.