ipl-logo

Advantages And Disadvantages Of Affordable Housing Policy

3103 Words13 Pages

AFFORDABLE HOUSING POLICY 2009

ABOUT THE POLICY

I. Objectives
The policy shall have the following objectives:
(a) To reduce the housing shortage in the State, especially in EWS/LIG categories.
(b) To take up large scale construction of Affordable Housing (with focus on EWS & LIG housing.)
(c) To bring down the cost of EWS & LIG categories of houses to affordable limits.
(d) To promote investments in housing in Urban Sector on PPP Model.
(e) To involve Private developers in the construction of EWS/LIG categories of houses by offering various attractive incentives.
(f) To create Rental Housing as transit accommodation for migrants to urban areas, and
(g) To check creation of slums.
II. Highlights of Policy

Various Models of Affordable Housing …show more content…

However, the largest share of this investment is made in the informal sector that offers affordable housing to lower and some middle-income groups. Co-operative housing societies also play a critical role in housing market. (Sadhu, 2011)

Adopting a PPP model for the development of affordable housing is the most suitable option as it offers greater value for money where project suitability is correctly measured and implemented. PPP models certainly have a lot of advantages. A few of them are as follows:

1. Cost savings –The private developer’s fundamental drive for profits generate an incentive to continually improve its performance, thereby cutting overall project costs.
2. Risk sharing - Public-private partnerships are outlined so that risk is transferred between the public and private sectors.
3. Delivers on time - any delays in meeting the agreed upon timelines can lead to additional costs for the private partner as it alone carries the debt for a longer period of time.
4. Improved level of services- By bringing together the strengths from the public and private sectors, PPPs have the unique ability to share a diverse range of resources, technologies, ideas and skills in a cooperative manner that can work to improve how urban infrastructure assets and services are delivered to the …show more content…

The cost recovery of developing affordable housing takes long and is not definitive. Target group for the private developers include both formal and informal sector. And recovery, let alone profit margins become problematic for the private developers. The incentives and the increased F.A.R does appear lucrative, but it is only a pretty facade which will do very little to address the urban housing shortage. The most important question is whether these policies will get implemented. The policy suggests reserving land for EWS-LIG in new housing projects. This neither means that the price fixed for such lands is affordable nor that will this land be taken up by the EWS-LIG. Increased FAR and TDR also may not translate into lower housing prices. Nor will reduction in stamp duty. (Wadhwa,

Show More
Related

The Pros And Cons Of Non-Resident Spe Simulation In Ontario

1389 Words | 6 Pages

When foreign buyers empty purchase their properties, there is no money being spent in the community and little money being put back into the area’s economy. When foreign investors purchase property in Ontario, there is no concern about the province’s population or economy. They just have concerns about their personal investment and gain. Foreign investors’ main concerns are their return on their investment, not on the province’s prosperity. In addition, with foreign buyers and empty buying comes the lack of opportunity and execution of infill.

Read More

Pros And Cons Of The Homestead Act

170 Words | 1 Pages

The document of the Homestead Act was one of the first factors towards development in our nation. This act offered free or cheap land to anyone who would live and improve the Great Plains area. The people taking part got 160 acres of land, had to build a house on it, and live on it for 5 years. The act encouraged immigrants and freedman to travel out west. This act gave opportunities to many individuals that would not be given before.

Read More

Corrections In America Chapter 13 Summary

588 Words | 3 Pages

The main advantage of private service providers is their ability to expand and contract quickly when it needs a change. In addition, the entrepreneurs can choose to modify an existing facility instead of starting from the ground. Other advantages

Read More

Pros And Cons Of The Affordable Care Act

174 Words | 1 Pages

The affordable care act is a United States statue signed into law by President Obama in March of 2010. It represents the most significant improvement to the U.S. healthcare system since 1965 with the addition of Medicare and Medicaid. Also known and commonly referred to as Obamacare, it was enacted to increase the affordability and quality of health insurance, diminish the rate of the uninsured by expanding public and private insurance coverage while reducing the cost of healthcare for individuals and the government. This law will require Hospitals and doctors to reconstruct financial practices along side with technologically and clinically to advance better outcomes, reduce cost and improve methods of accessibility.

Read More

Affordable Care Act Pros And Cons

269 Words | 2 Pages

The Affordable Care Act was a health care act that was established by the federal government to expand and improves access to care and curb spending through regulations and taxes. Each state could decide to participate or not. The act was adopted as law by US Fisher02 President Barrack Obama in March 2010. The goal of this act was to reform the current health care in the United States.

Read More

Pros And Cons Of The Affordable Care Act

187 Words | 1 Pages

The Affordable Care Act, (ACA) often referred to as Obamacare, was signed into law March 23rd, 2010 and has quickly become a nightmare to millions of citizens nationwide. While there were fortunate people who benefited from the heavily subsidized and affordable healthcare that was not readily available before ACA was passed, many more people found that their once affordable healthcare was no longer an option due to new ACA requirements (how so?). ACA was designed to extend insurance benefits to roughly 30 million uninsured Americans. The Obama administration aimed to extend Medicaid and provide federal subsidies so lower and middle-class Americans could afford to buy private insurance. This act alone forced millions of Americans out of their

Read More

Affordable Care Act Pros And Cons

1444 Words | 6 Pages

The Affordable Care Act “provides Americans with better health security putting in place comprehensive health insurance reforms that will; expand coverage, hold insurance companies accountable, lower health care costs, guarantee more choice, and enhance the quality of care for all Americans” states in the Affordable Care Act article. The base of the Affordable Care Act is to help the middle class or financially unstable people get cost effective insurance. This is a major benefit for millions of people especially that don’t have a stable job, young adults and many with families to support, and people who retire and can’t afford paying so much money for medical problems. So with that being said, it will be a long-term benefit for millions to

Read More

Segregation: The First Public Housing Act Of 1949

166 Words | 1 Pages

The three things that was used to accomplish these goals are clear the slums, more housing loan choices and the development of new public housing complexes. St. Louis loved urban renewal more violently than any other city in the United States. In St. Louis, the first public housing program was started in 1939

Read More

Wealth Gap Analysis

489 Words | 2 Pages

As outlined in chapter 10 of the course text, inequality in housing and wealth is a major problem. The United States is described to be the most unequal countries in the western hemisphere. But with the inequalities when it comes to wealth, the United States is one of the richest countries in the world. Wealth is the sum total of a person’s assets. These assets include, cash in the bank and value of all properties, not only land but houses, cars, stocks, and bonds, and retirements savings.

Read More

Essay On Housing Discrimination

1517 Words | 7 Pages

The government had to subsidize housing projects using taxpayer’s money. Thus, maintaining status quo is inefficient and against the Constitutional right of all Americans to have better housing facilities. 2. Intensify enforcement of the housing

Read More

Conflict Theory Of Homelessness

1078 Words | 5 Pages

Starting in the 1980s, successive governments encouraged local authorities to sell off social housing, which has not been replaced. The private construction sector has so far failed to increase supply in response to soaring demand("Simon Communities in Ireland > Homelessness > Causes of Homelessness," n.d.). Step Five: Recommend and Implement Solutions IT sounds overly-simplistic, but the ¬solution to solving Ireland’s accommodation crisis is to build more houses and apartments.

Read More

Grenfell Tower Fire Tragedy Case Study

779 Words | 4 Pages

Name Instructor Course Date of Submission: The Grenfell Tower 1) Summary

Read More

Argumentative Essay On Affordable Housing

945 Words | 4 Pages

The National Association of Home Builders estimates that building 100 new affordable housing for households which have low income, contributes to the creation of 80 jobs from the direct and collateral effects of construction and 42 jobs supported by the induced effects of the spending (Wardrip, Williams & Hague, 2011). By building affordable housing, people can be in a sizeable and sustainable condition, more opportunities to increase the character of life in order to avoid the unemployment, and especially reduce

Read More

The Tiny House Movement

1169 Words | 5 Pages

The Tiny Home Movement Like other social movements that have gained popularity in the United States over the years, the Tiny Home Movement is quickly gaining popularity. This essay sheds light on the movement and gives examples of the major Tiny Homes that are in place today as well as the benefits and challenges of permanently living in a Tiny Home. Also, the paper presents my views on whether the Tiny Home Movement is a sustainable design movement. Owning a big house with several rooms has often been the dream of many people across the world.

Read More

Advantages And Disadvantages Of Government Intervention

1195 Words | 5 Pages

1) Government may intervene in a market in order to try and restore economic efficiency. One of the ways the government intervention can help overcome market failure is through the introduction of a price floors and price ceilings. If prices are seen to be too high, price ceiling or a maximum price could be imposed on a market in order to moderate the price of the product. This policy is often used when there are concerns that consumers cannot afford an essential product, such as groceries. The effect of a maximum price could create a shortage as it could lead to demand exceeding supply for that particular good.

Read More

More about Advantages And Disadvantages Of Affordable Housing Policy

Related Topics

Open Document