Dynamic Optimization And Financing Risk Control Of Affordable Housing System In China

The affordable housing system is beneficial to the people’s livelihood and social harmony. In "Twelfth Five-Year Plan"period, the state plans to build36million units of affordable housing to improve the housing conditions of low-income groups,which is of great significance. China has initially formed a multi-level housing security system, in the actual operation process, The balance of supply and demand, the coordination of structure, as well as affordable housing financing risk issues to given widespread attention.Firstly, the paper analyzes the overall supply and demand situation of the whole housing market; Secondly, from the perspective of housing affordability, the paper divides the housing demand groups of affordable and real estate, and estimates the actual demand of affordable housing; again, from the perspective of the full use of resources, the paper optimizes the sources of affordable housing; then, from the perspective of improving the efficiency and cash flow planning, the paper optimizes the configuration mode of affordable housing; Finally, from the perspective of financial burden and solvency, the financing risks of affordable housing is analyzed.The study found that, the supply and demand of housing market is imbalanced, there is a lot of surplus housing, in this context, the government can buy or sublet some remaining real estate into affordable housing, reducing the amount of affordable housing construction, which can ease the financial pressure on affordable housing while making full use of resources. Under the rent and sale modes, for-sale affordable housing is difficult to ensure a fair and is easy to breed corruption and rent-seeking behavior. Rental housing is difficult to effectively manage. From the perspective of sustainable development of housing security, pure rent subsidies mode should be explored. Currently, the funds demand of housing construction is quite huge. Government debt accumulated, and the financial burden is heavy, the future solvency can be worrying, which may lead to financial risks, and proliferating to the financial sector. Financing risks of affordable housing should be prevented and controlled from both funding sources and capital expenditures.