Social Value Measurement of the Social Housing Supply Case ‘Cheongchun 101’ Based on the Social Return on Investment (SROI) Analysis

Abstract

Social housing has been introduced as a new residential model to address the limitations of Korean public rental housing policy and the burden of housing costs for middle and low-income families. Social housing is a private rental house that is supplied, operated, and managed by social economic agencies. Starting with the Seoul Metropolitan Government, local governments are also expanding their supply support by creating related regulations. Social housing added social values such as making residential communities, connecting with local communities, securing housing quality, providing safety, and creating jobs to the nature of existing public rental housing. Therefore, this study aims to prove the supply effect of ‘Cheongchun 101’, a women’s safe social housing supplied by Jeonju City, by measuring the return on social investment (SROI), a social value measurement method. Through this study, it is believed that it will be a starting point for stakeholders such as local governments and social economic agencies to participate in the supply of social housing for citizens’ housing stability. In addition, this study is meaningful in that it is the first study to quantitatively evaluate the social value of social housing by using SROI, and it is expected that follow-up studies will be conducted to demonstrate the effectiveness of social housing supply by utilizing various social value evaluation and measurement methods.