The Study On The Social Capital Financing Pattern Of Public Rental House In China

In the process of great effort the development of public rental housing to solve the housing difficulties of mid and low-income groups, the long-term sustainability of public rental housing are project smoothly safeguard, also become the main bottleneck that restrict public rental housing development, because the welfare of public rental housings belongs to the public product category,follow the principle of low-profit, It mainly relies on government finance funding invested, face public rental housing project of huge funding demand, the finances all exist enormous funding gap every government. How to adapt to the requirements of the development of urban current stage, Combine to public rental housing characteristics,explores the social capital financing pattern positively, Actively explore and innovates multi-channel,diversified financing way, Satisfies its construction the effective demand, this is the key question which the public rental housing healthy and rapid development needs to solve,this is also the main content of this article.This article take the public rental housing social capital financing pattern as the research subject, mainly discusse the public rental housing investment trust fund pattern, the PPP financing pattern, use housing accumulation fund, lottery this several financing pattern. The paper of the structure arrangement is:The chapter 1, introduction,pointed out that research background, purpose, significance, expounds fdomestic and home for the research situation and the technical route, the possible existence of innovations and papers deficiency; The chapter 2, related basic concepts and theoretical foundation, expounds several important with the related concept and definition, discusses the basic definition related theories.The 3rd chapter the development multi-channel public rents the housing financing pattern, its the transitional section with essential role, Is mainly in the analysis public rents under the housing existing financing pattern condition to propose that carries on social capital financing the necessity and the feasibility, especially in feasible aspect, focused on the reason of social capital into public rental housing areas, In other words, its whether have the probability of the stable fair return rate, Through different prices level estimates public rental housing level project return rate, and from long-term and the policy support two aspects, obtained the social capital entry into public rental housing project have financing possible this conclusion, this conclusion provide argument that several for below the feasibility of financing patterns.Chapter 4 specific suggest the one of pattern to use social capital financing for public rental housing, named public rental housing trust investment fund financing pattern. Mainly discusses the public rental housing trust fund model selection and specific operation, through analysis the characteristics of REITS financing pattern and the overseas developed countries utilizes REITS the successful experience, proposed the initial period of public rental housing suitable to use enclosed the industrial fund pattern, After public rental housing trust pattern development maturely, may consider that uses the trust plan pattern and the real estate listed company pattern, and design introduced REITS public rental housing project to carry on financing the pattern operation flow, in view of REITS public rental housing project exist the insufficiencies, puts forward relevant countermeasures.Chapter 5 specific suggest the two of pattern to use social capital financing for public rental housing, named public rental housing public-private partnership financing pattern, from application scope and financing characteristics of PPP financing pattern, in profits from the overseas developed countries operate in the PPP project the successful experience, puts forward the conception of public rental housing PPP financing pattern, discussed with private enterprise and government department to public rental housing project carry on intercoordination, and the four stage various departments responsibility and related operation procedure.Chapter 6 specific suggest the three of pattern to use social capital financing for public rental housing,named use housing accumulation fund, lottery financing patterns, from near future housing common reserve fund system development situation, puts forward use the housing common reserve fund for public rental housing financing have the feasibility, the applied foreground is also vaster, but at the same time exists some financing problems and financing limitations, therefore obtains use the housing common reserve fund financing merely is under condition of the present exist huge idle fund precondition temporary financing way, Does not have continuity.In the conception of use the lottery ticket public welfare fund financing pattern, mainly from lottery ticket continuously the growth deveolp trend and capital source stability,assist object correlation etc, basically have used for public rental housing financing the prerequisites. In theoretically, it have feasible.But the specific implementation method and the extraction public welfare fund proportion need further search.The 7th chapter is the conclusion and prospect. The main ideas of this article and relevant conclusions are summarized, and put forward in public rental housing social capital diversified financing pattern subject need discuss the content and direction in further research.