Managing the equilibrium state of housing affordability

Abstract

The subject of the study is the organizational and economic aspects of managing the equilibrium state of housing affordability for the population during construction. The analysis shows that despite the successful development of the housing sector and the functioning of the housing market, housing affordability is differentiated, which is manifested in unsatisfactory housing conditions of a significant part of low-income and other established categories of citizens. The aim of the study is to improve the processes of ensuring targeted consistent housing policies already at the construction stage to increase not only market, but also social affordability of housing. Materials and methods include a methodological approach, which involves the construction of a model of interaction between the investor and local authorities during the construction process in order to accelerate the solution of the problem of increasing housing affordability for the low-income citizens on the basis of ensuring the required volumes of housing construction in accordance with the main legislative formats. The optimization of the coordination model of the interests of investors and the municipality during the construction in this social housing cluster is ensured through the implementation of mechanisms to reduce the expenses of investors to obtain a land plot, as well as the proposed measures that increase the social accessibility of housing. The task is to ensure the balance and comprehensiveness of the market and social affordability of housing for various categories of citizens by expanding the list of powers of municipalities and financing their implementation for the construction of social housing facilities.