| Title |
Analysis of Locational Factors of Buy-to-Rent Public Housing with Public Contributions |
| Authors |
이정민(Yi, Jung min) ; 양희진(Yang, Hee Jin) |
| DOI |
https://doi.org/10.5659/JAIK.2023.39.7.181 |
| Keywords |
Public Contributions; Buy-to-Rent Public Housing; SIA Youth Housing; Transit-Oriented Development; Spatial Big Data |
| Abstract |
This study examines the increasing provision of buy-to-rent public housing through public contributions, which utilizes private developers’
profits to alleviate the government’s financial burden. By focusing on Station-Influenced-Area(SIA) youth housing in Seoul, the study
empirically analyzes locational factors of buy-to-rent public housing using a multi-level logistic regression model. It considers a hierarchical
data structure that includes both parcel-based factors and socioeconomic characteristics of each station. The results demonstrate that
development opportunities, including land value, changes in land value, and development potential index, significantly influence the supply of
buy-to-rent public housing through public contributions. This highlights the potential of public contributions as a mechanism for housing
provision. In areas where government financing is limited, public contributions can provide public housing options for vulnerable households,
such as low-income city workers, in areas with excellent accessibility to public transportation. However, reliance on market mechanisms tends
to restrict the supply of buy-to-rent public housing to areas with high development potential or land values, potentially leading to regional
disparities in the distribution of public housing. To address this issue, fostering a complementary role between public entities and private
developers is crucial, with a focus on public interventions in areas that lack private development. |