IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i2p609-d308502.html
   My bibliography  Save this article

Social Housing: An Appraisal Model of the Economic Benefits in Urban Regeneration Programs

Author

Listed:
  • Lucia Della Spina

    (Department, Mediterranea University of Reggio Calabria, 89125 Reggio Calabria, Italy)

  • Francesco Calabrò

    (Department, Mediterranea University of Reggio Calabria, 89125 Reggio Calabria, Italy)

  • Alessandro Rugolo

    (Department, Mediterranea University of Reggio Calabria, 89125 Reggio Calabria, Italy)

Abstract

The decision-making process relating to Social Housing (SH) policies and projects involves social and urban transformations and is consequently linked to urban planning, urban regeneration projects, the dynamics of the real estate market and cooperation between public and private developers. Furthermore, this decision-making process must be supported by assessments relating to economic feasibility and assessments on social and environmental sustainability. The paper illustrates a decision support evaluation model for the implementation of integrated urban redevelopment programs related to Social Housing interventions to be implemented in PPP. The model is based on the search for an economic balance between the interests of the parties involved, with the aim of maximizing the share of housing in SH by minimizing the public contribution quota. The model was developed on a degraded settlement of Public Residential Construction, the subject of a wider urban regeneration program in the Municipality of Reggio Calabria (Italy). Considering the financial feasibility constraint for the developer and the conditions of the local real estate market, with the risk of the investment attached to it, the model makes it possible to verify the economic sustainability and the financial feasibility of the interventions in SH through the estimation of: (i) The profit of the developer/investor; (ii) the trade-in value to be paid to the developer against the investment; (iii) the maximum share of SH to be carried out in development. The research and the results obtained highlight the utility of the model and the ease of use in the programming phase, in relation to urban regeneration programs that involve interventions in SH.

Suggested Citation

  • Lucia Della Spina & Francesco Calabrò & Alessandro Rugolo, 2020. "Social Housing: An Appraisal Model of the Economic Benefits in Urban Regeneration Programs," Sustainability, MDPI, vol. 12(2), pages 1-19, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:609-:d:308502
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/2/609/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/2/609/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David Edmund Allen & Elisa Luciano, 2019. "Risk Analysis and Portfolio Modelling," JRFM, MDPI, vol. 12(4), pages 1-4, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valeria Saiu, 2020. "Evaluating Outwards Regeneration Effects (OREs) in Neighborhood-Based Projects: A Reversal of Perspective and the Proposal for a New Tool," Sustainability, MDPI, vol. 12(24), pages 1-16, December.
    2. Emmanuel Joseph Odoyi & Kirsikka Riekkinen, 2022. "Housing Policy: An Analysis of Public Housing Policy Strategies for Low-Income Earners in Nigeria," Sustainability, MDPI, vol. 14(4), pages 1-27, February.
    3. Lucia Della Spina & Claudia Giorno, 2021. "Cultural Landscapes: A Multi-Stakeholder Methodological Approach to Support Widespread and Shared Tourism Development Strategies," Sustainability, MDPI, vol. 13(13), pages 1-22, June.
    4. Guiwen Liu & Cheng Li & Taozhi Zhuang & Yuhan Zheng & Hongjuan Wu & Jian Tang, 2022. "Determining the Spatial Distribution Characteristics of Urban Regeneration Projects in China on the City Scale: The Case of Shenzhen," Land, MDPI, vol. 11(8), pages 1-27, July.
    5. Terence Fell & Johanna Mattsson, 2021. "The Role of Public-Private Partnerships in Housing as a Potential Contributor to Sustainable Cities and Communities: A Systematic Review," Sustainability, MDPI, vol. 13(14), pages 1-25, July.
    6. Grazia Napoli & Maria Rosa Trovato & Simona Barbaro, 2022. "Social Housing and Affordable Rent: The Effectiveness of Legal Thresholds of Rents in Two Italian Metropolitan Cities," Sustainability, MDPI, vol. 14(12), pages 1-32, June.
    7. Manganelli, Benedetto & Tataranna, Sabina & Pontrandolfi, Piergiuseppe, 2020. "A model to support the decision-making in urban regeneration," Land Use Policy, Elsevier, vol. 99(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iryna Yanenkova & Yuliia Nehoda & Svetlana Drobyazko & Andrii Zavhorodnii & Lyudmyla Berezovska, 2021. "Modeling of Bank Credit Risk Management Using the Cost Risk Model," JRFM, MDPI, vol. 14(5), pages 1-15, May.
    2. Aleksandras Vytautas Rutkauskas & Viktorija Stasytytė, 2022. "Integrated Intellectual Investment Portfolio as an Efficient Instrument to Manage Personal Financial Investment," JRFM, MDPI, vol. 15(1), pages 1-22, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:609-:d:308502. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.