A Mode of Public Rental Housing Based on BTO-MBS Financing

Abstract

At present, China faces enormous public rental housing construction funding problem, the disadvantage of the traditional BOT (build - operate - transfer) mode’s financing problems has emerged, which forces us to proposes a new financing model BTO-MBS (build - transfer - operate + asset securitization) financing model. This article comparatively analysis BTO-MBS project’s financing model, specific operational procedures, feasibility and public rental housing under BOT and BTO-MBS project financing model, and get the conclusion that BTO-MBS financing model is the most suitable financing model for public rental housing projects.