The PPP model for collecting and storing idle social housing. In addition to new affordable housing, the PPP model can also be applied to the renovation and utilization of existing residences.

For areas with a lot of idle housing, the government does not need to build new affordable housing. Instead, the government can use the PPP model to acquire and store existing idle housing and then sublease it to low-income families with housing difficulties.

In this way, capital investment in new affordable housing can be saved while housing demand can be met as quickly as possible.

For tenants, because the government department plays the role of real estate agency, they can live longer and avoid the pain of frequent moves.

In addition, the public rental housing collected and stored is generally relatively dispersed, which can meet the housing needs of different groups and avoid social problems caused by low-income people living together.

The operational points of the PPP model for collecting and storing idle houses: First, the government housing security department establishes a special collection and storage company, and cooperates with the property management company, decoration company and real estate agency company to establish a special public rental housing leasing company (also a kind of SPV

).

Second, use the information and management advantages of social capital partners to find and sign vacant houses, and renovate them in compliance with government requirements.

Third, government departments are responsible for reviewing housing resources and applicant information, providing certain rent subsidies to families living in public rental housing, and exempting renting families from rental taxes.

(3) Establishing PPP Guidance Fund for Affordable Housing The PPP Guidance Fund for Affordable Housing is a government guidance fund established by government departments and mainly used for the financing, construction and operation management of affordable housing.

The affordable housing PPP guidance fund diversifies the funding sources of PPP projects, helps reduce financing costs, and improves the quality of PPP projects.

Key points for establishing PPP funds for affordable housing: establish a specialized fund management agency to be responsible for fund raising and investment.

After determining the scale of funds required for the project, the government will subscribe for 10% of the fund shares in advance, and the remaining 90% will be sold to the public.

All funds raised will be used for affordable housing PPP projects.

The fund itself should be a public-private partnership model, that is, managed by an independent board of directors, and daily operations should be managed by independent private institutions based on the principles of performance management.

Private or institutional investors can lend idle funds to the fund, or provide equity financing at market prices; developers and the central government can also provide financing for the fund; project companies or local governments can borrow from the fund at low costs and finance according to the PPP

The project requires debt repayment.

3. Supporting policy recommendations to support the PPP model of affordable housing (1) Improve laws and regulations on housing security. The "Housing Security Law" should be promulgated as soon as possible to use the law to clarify the responsibilities and obligations that public security departments must bear in safeguarding residents' housing rights.

The key point is to clearly stipulate the approximate proportion of my country's investment in housing security in fiscal expenditures at all levels; under the current fiscal system, it is necessary to clearly define that central and provincial fiscal investments are the main ones, and establish a "provincial-level overall responsibility" Responsibility, city and county grasp the implementation” system.

(2) Establishing a special PPP management and coordination agency. The experience of developed countries shows that a special PPP management agency plays a very important role in standardizing government behavior, reducing multi-party management, and improving the operational efficiency of PPP projects.

Based on my country's national conditions, it is recommended to establish a special PPP management agency at the central level, with members covering relevant ministries and commissions, to strengthen its overall coordination role.

At the same time, corresponding PPP management and coordination agencies should also be established at the provincial level to promote the implementation of PPP projects.

PPP management agencies should be committed to improving the transparency of PPP projects, actively publicizing them to the public, striving for public understanding and support, and striving to reduce power-for-money transactions, interest transfer and other behaviors in project construction and management.