【作者】 李佳；

【导师】 马智利；

【作者基本信息】 重庆大学 ， 建筑与土木工程（专业学位）， 2015， 硕士

【摘要】 经济适用住房、公共租赁住房、廉租住房被称作保障性住房供应体系的“三驾马车”。但随着经济适用住房各种问题的不断凸显和保障性住房改革的不断深入,我国的住房保障结构正逐步完善,保障性住房建设由原来的产权型保障房开始转向保障范围更广,收益人群更多的租赁型保障房。在各地纷纷探索“三房并轨”保障房供应体系趋势下,经济适用住房逐渐退出历史舞台,租赁型保障房成为保障房建设的重点。进行租赁型保障房制度建设,增强租赁型保障房的可持续运行能力,将成为当前住房保障领域重要的研究工作。实践证明,对于政府建设保障房,以出售方式进行供应分配的,都是可以持续的(租屋、居屋),以出租形式分配的,都是不可以持续的(福利分房和美国公共住房)。因此,“三房并轨”下租赁型保障房可持续建设的最大难题就在于解决资金问题,在财务上实现可持续运行。本文主要对“三房并轨”下我国租赁型保障房的融资问题进行深入研究,并在此基础上构建了适合租赁型保障房发展现状的PIOA融资模式,为解决租赁型保障性住房的融资问题提供新的思路,推进我国租赁型保障房建设进程。首先,文章通过对我国当前租赁型保障房的资金来源和“三房并轨”典型城市的融资模式进行梳理,分析了我国租赁型保障房融资存在的主要问题,并剖析了融资难题背后的深层次原因,提出了我国租赁型保障房融资改进的方向,为寻求合适的租赁型保障房融资模式打下了坚实的理论基础;其次,研究了PPP、PIPP、ABS融资模式各自的特点,创新性地将PIPP模式和ABS模式结合起来,提出了PIOA融资模式以用于我国租赁型保障房建设,并构建了其运行框架、运行流程,界定运行主体职责,分析PIOA融资模式用于租赁型保障房的必要性和可行性。最后,建立了租赁型保障房租金补贴机制来完善PIOA融资模式,为了进一步验证PIOA融资模式在经济上的可行性,文章最后引入案例进行分析,从政府、私人机构、投资者几方的视角验证PIOA融资模式的可行性。更多还原

【Abstract】 Economically affordable housing、Public rental housing and Low-rent housing are called the troika of affordable housing supply system. However, as the economically affordable housing’s all sorts of problems continuously emerging and the reform of low-income housing’s continuous deepening, housing security structure in our country is gradually consummated. Affordable housing is turning from the original property right housing to rental housing whose scope of insurance coverage is wider. Under the trend of local governments’ exploration on “three types affordable houses merger policy” supply system, economically affordable housing gradually withdrew from the historical stage, and rental housing become the focus of the construction of affordable housing. Rent housing’s system construction and increasing the capability of sustainable operation of rental housing, will become a important research work in the housing security fields at present. For affordable housing which built by government, practice has proved that supplied and distributed in the form of selling can be sustained(rental housing, hos),distributed in the form of renting is not sustainable(welfare housing distribution and public housing in the United States). Therefore, the biggest problem of rental housing’s sustainable building under “three types affordable houses merger policy” is to solve the problem of money and financially sustainable operation. This article mainly discusses the financing problems rental housing in our country under “three types affordable houses merger policy”, and builds the PIOA financing mode which suitable for the current situation of rental housing on this basis. This article is to provide a new train of thought to solve the problem of financing problems of rental housing and promote the process of rental housing construction in China.Firstly, the literature focuses on capital source of the current lease houses and “three types affordable houses merger policy” in typical city financing model. The main financing problem has been analysed on affordable finance lease houses and find the reasons on financing difficulties. To find the proper type of affordable housing lease financing model, rental direction of affordable housing financing of improvements has proposed. Secondly, on the basis of the PPP, PIPP, ABS financing model characteristics, combining PIPP mode and ABS models innovatively, PIOA financing model proposed for our rental affordable houses construction, and building its operating framework, operational processes,and define the duties, which can analysis PIOA financing model for necessity and feasibility of rental affordable houses. Finally, PIOA financing model for subsidy mechanism of rental affordable houses has established. In order to further validate economic and viability the of PIOA financing model, a case study has investigated at last for checking verification feasibility of PIOA financing mode from the government, private sector, investors perspective etc.更多还原