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HOUSING POLICY FOR THE ELDERLY: A POLICY TO BUILD BARRIER‐FREE RENTAL HOUSING
Author(s) -
Hirono Keiko Nosse
Publication year - 2009
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2009.00473.x
Subject(s) - rental housing , renting , subsidy , business , population , labour economics , economics , finance , market economy , law , demography , sociology , political science
There is a strong need for barrier‐free rental housing because of the rapidly aging population in Japan, where the share of barrier‐free rental housing is only 18.24% of total rental housing. We propose a policy to solve the problems associated with supplying barrier‐free rental housing. Our scheme involves a method of funding rental housing with a securities investor, as well as implementing property management and introducing rent subsidies. The plan entails funds being collected to construct barrier‐free rental housing. The housing will generate positive rental profits, which will, in turn, lead to the increase in the supply of barrier‐free rental housing. According to our plan, the low‐income elderly will also have access to barrier‐free rental housing.