Construction Of Public Rental In Innovative Financing Mode Research

Since the reform and opening up, China’s real estate market continues to heat up,house prices is soaring and real estate market create huge economic benefits, at thesame time, the shortcomings also gradually is exposed, Especially in the housingproblems of the city “sandwich layer”. As a “sandwich layer” of the city, their incomeis in the low and in the situation of such high prices, They neither have the ability topurchase housing, nor within the scope of protection of affordable housing, such asaffordable housing, low-rent housing, then housing problems of these people becamethe most important issues for the government. In order to solving the basic housingproblem, All of the provinces and cities of our country launched the slogan of theconstruction of public rental.Large-scale construction of public rental spawned a huge demand for funds. Thesustainability of the supply of funds has become a major bottleneck for strongprotection of public rental construction can be carried out smoothly, but also restrictingthe development of public rental. Public rental as the main part of the affordablehousing, there are many problems, such an one-time investment, funds used long cycleand low return on investment. All of these are the main difficulties of the currentprotection of housing finance. Development and construction of public rental seems tobe “unprofitable” to discourage funds from various quarters. Whether throughinnovative financing models to realize this goal, the construction of public rental ofsustainable development is the moment the most pressing task, this is also the maincontent of this article.This paper, taking public rental house financing mode as the starting point, has carried out discussion via information collection, literature review, comparative study,systematic analysis and other approaches, thus carrying out research on the financingmode of foreign affordable house, current status and problems of financing for publicrental house in China thoroughly and completely. As a result, we propose the TABOTmode, an innovative public rental house financing mode with reference value. TABOTmode is the effective combination of ABS mode, BOT mode, and TOT mode afteranalyzing and comparing their financing principle, advantages and disadvantages,which gathers advantages of above-mentioned three original financing modes andmakes up their defects. In the thesis, analysis on ABS and BOT has been carried out tosummarize operational principle and operational process of these two modes, basing onwhich ABOT mode is developed. Later, analyze and compare pros and cons of TOT andABOT, thus forming innovative financial mode known as TABOT. The thesis hasstudied and explored the applicability of TABOT mode to public rental houseconstruction in China with the analysis on operational principle of TABOT andoperational process in public rental house, including necessity, feasibility, and fuzzyevaluation of the risk of applying the mode to public rental house. A result has beendeveloped that the mode can be widely applied to public rental house financing program,but it is not perfect enough. Finally, the thesis points out some problems in applyingTABOT mode to public rental house construction.