Housing Fund Research Articles

도시재생 거점시설 운영진단을 통한 효율적 운영방안에 관한 연구 : 부산시 거점시설을 중심으로

This study aims to find ways to revive community facilities that play a pivotal role in the revitalization of a region to ensure the sustainability of urban regeneration projects. Hence, an integrated operational model and financial support plan were proposed through an in-depth interview (FGI) and a survey to support the operation of community facilities. First, as the integrated operation model, the running and managing of the third sector (local government, private enterprise, and local residents) through urban regeneration companies is necessary. Second, to secure the sustainability of community facilities, it is necessary to develop loan products using the national housing and urban fund as a financial support plan. The loan products are classified into two types of profit activities and nonprofit activities according to the characteristics of the community facilities. They are presented in three types, namely, “guaranteed”, “unsecured”, and “supported”, as products that support the SW business. In the future, it is necessary to establish an integrated management plan for sustainability and stability in areas with important community facilities. It is believed that further research on an additional financial support method for urban regeneration economic organizations will be needed to ensure their safe operation.

Audit of advertised housing and support vacancies for people with disabilities in Australia

AbstractThe introduction of Australia’s National Disability Insurance Scheme (NDIS) has changed the way housing and support are delivered to Scheme participants. NDIS policy reform focuses on coordinated housing and support responses. These responses are guided by the Specialist Disability Accommodation (SDA) Rule, Framework and pricing and Supported Independent Living payments. To date, the National Disability Insurance Agency (NDIA) has only released limited data to understand SDA demand or inform market development. To understand changing housing and support approaches and the impact of NDIS housing policy on market responses, this research had three aims: (1) to examine the locations and characteristics of housing and support vacancies advertised for people with disability; (2) to investigate funding sources for, and providers of, these supported housing options; and (3) to examine the proportion and source of government, nonprofit and private sector funding for housing and support developments advertised. An audit was undertaken of all advertisements on the two main non‐government organisation Websites that list Australian supported housing vacancies. A total of 562 property adverts were reviewed in March 2019. Audit findings are considered in relation to the current NDIS policy context. Possible housing futures and market gaps for people with significant and permanent disability in Australia are discussed.

Creating operational alpha? Operating models for real estate management

PurposeFocussing on the UK’s institutional real estate universe, this paper analyses variations in the operational management of real estate investment portfolios. For the main categories of institutional investors, the key tasks in real estate operational management, and the ways in which these tasks are typically bundled and categorised by investment managers are reviewed. Three broad operational management models are outlined. Case studies of real estate operational management models in practice are discussed.Design/methodology/approachThe research approach is primarily descriptive, drawing upon illustrative investor case studies.FindingsA range of operating models are identified for managing real estate investment portfolios. Specialists real estate investors tend to have highly vertically integrated operating models viewing most operational management functions as core operational capabilities. Multi-asset owners tend to have a vertically disintegrated operating model outsourcing fund, asset, property and facilities management. Investing institutions such as fund houses and specialist real estate investment advisors seem to have converged upon a common hybrid operating model with high margin, analytical functions such as fund and asset management being insourced and low margin, routine functions such as property and facilities management being outsourced.Originality/valueDespite the size of the global, institutional real estate investment universe (estimated by DTZ to be worth more than USD 13.6 trillion in 2015), the topic of how (and how effectively) these assets are managed by institutional investors has attracted very little attention from the real estate research community. This paper provides some initial analysis and insights into operational management models for real estate investment portfolios in the contemporary real estate investment management landscape.

주택도시기금 지원 도시재생사업의 효과 분석 및 성과지표 개발:수요자중심형 융자 지원 사업장을 중심으로*

주택도시기금 지원 도시재생사업의 효과 분석 및 성과지표 개발:수요자중심형 융자 지원 사업장을 중심으로*

In Case You Haven't Heard…

Last week, the Blue Angels flew over the New York City area celebrating health care workers. More money in the Paycheck Protection Program is going out to “corporate America,” as Gov. Andrew Cuomo, who has become an international celebrity for his exhortations that the White House fund some of the health care workers and states, put it last week. “We don't need flyovers; we need help” is his message. Last week, more deaths from COVID‐19 were seen, and the opioid epidemic continued, as did reports of people quietly upping their happy hours to half‐days while isolated alone. Treatment centers are open, but where are the patients? Where is the money to fund the centers, to keep them from closing? How will America's addiction problem look when this is over — if it ever is — and how will we plan to take care of a problem that was number‐one in the headlines before the pandemic?

PERFORMANCE EVALUATION OF SELECTED EQUITY MUTUAL FUNDS IN INDIA

In India capital market provide various investment avenues to the investors, to assist them to take a position in various industries and to make sure the profitable return. Among various financial products, open-end fund ensures the minimum risks and maximum return to the investors, Growth, and developments of varied mutual funds products has proved to be one among the foremost catalytic instruments in generating momentous investment growth within the capital market. During this context, close monitoring and evaluation of mutual funds became essential. Therefore, choosing profitable mutual funds for investment may be a vital issue. This study deals with the equity mutual funds that are offered for investment by the varied fund houses in India, this study mainly focused on the performance of selected equity(large-cap, mid-cap, smallcap) open-end fund schemes in terms of a risk-return relationship. The most objective of this research work is to analyse the financial performance of selected open-end fund schemes through statistical parameters like (Jenson’s alpha, beta, standard deviation, Sharpe ratio). The researcher concluded that 10 funds out of 15 performed well in a highly volatile market. The researcher found that an investor must consider risk ratios of the fund before investing. The findings of this research study are going to be help full to investors for his future investment decisions.

Shantytowns, housing and state order: the Plan de Emergencia in 1950s Argentina

ABSTRACT In September 1955 in Argentina a coup d'état backed by a heterogeneous coalition of military and civil actors overthrew the elected government of Juan Domingo Perón and set out to profoundly alter most of his policies. One key aspect to be addressed was that of housing and, by extension, the role of shantytowns in the urban landscape. Indeed, after a decade of significant social and economic change, urban employment had grown faster than housing provision and shantytowns had expanded rapidly, gaining sudden visibility. This article analyses the 1956 Plan de Emergencia, the first shantytown eradication programme launched in Argentina, in order to uncover the conceptions of housing sustained by the state at a crucial historical juncture. It argues that the Plan re-cast earlier ideas about housing and planning, and updated them to a new political context. The article argues that such changes reflected several historical contradictions, for example, by recommending state-sponsored clearance alongside state withdrawal from housing funding. Furthermore, as the Plan intertwined local concerns with inter-American discussions, it engaged with emerging professional networks of the Cold War Americas and set a key antecedent for subsequent housing and urban plans during the 1960s and 1970s.

Application of Marketing 4.0 Principles By the Indian Mutual Fund Industry

The competitive Indian Mutual Fund Industry requires the use of Marketing 4.0 principles owing to changing marketplace dynamics and increased competition. Traditional advertising forms got saturated with mutual funds, and the new redefined marketing principles reinforced the need to move to digital media. The recent addition of the fifth A (Advocacy) to the marketing jargon became necessary because of the increased connectedness and social nature of the customers (investors). The O-Zone factor increasingly influences investor decision making and helps in driving loyal investors from Aware to Advocate. This article discusses the social media marketing of Indian Asset Management Companies (AMCs). Improving brand curiosity and extending product reach to prospective clients are some potential advantages of the activity. Engagement marketing practices, marketing expense impact, four C's marketing mix, and online customer care are some new marketing principles. AMCs can use these to build better marketing campaigns for building investor-centric financial products. Different dimensions of social media usage are specified, and their utilization by various Indian mutual fund houses is measured. This understanding can help in better marketing of financial products and services, particularly that of mutual funds.

Funding incentives, disincentives and vulnerabilities in the Irish council housing sector

This article examines the incentives and vulnerabilities generated by arrangements for funding local government-provided social housing in Ireland (aka council housing). These arrangements are unusual in a Western European context because the capital costs of providing this housing are almost entirely covered by central government grants, rather than non-governmental debt finance as is the norm elsewhere. Furthermore, no housing allowances are provided to council tenants in Ireland; rather affordability is ensured by charging rents which are linked (progressively) to tenants’ incomes. Although the character and development of Irish council housing has of course been shaped by macro level political, ideological, social and economic factors, the argument offered here is that funding arrangements have also exerted a strong independent influence. These arrangements render Irish council housing more vulnerable to retrenchment and residualization than the social housing funding arrangements used in most other Western European countries.

California budget provides housing fund, parity support, MHSA refocus

The Mental Health Services Act (MHSA) has become a key element of California's mental health system in the 15 years since it was enacted as Proposition 63, but behavioral health needs in communities have evolved since then. So, Gov. Gavin Newsom is looking for an update to reflect those changes, according to his proposed 2020–21 state budget unveiled Jan. 10.

Обласні цільові програми як механізм реалізації реформ житлово-комунального господарства України

У статтi розглянуто обласнi цiльовi програми як один iз механiзмiв реалiзацiї реформ житлово-комунального господарства України, простежено переваги програмно-цiльового методу бюджетування та прийняття i реалiзацiї обласних цiльових та бюджетних програм на обласному рiвнi. 
 Проаналiзовано нормативно-законодавче забезпечення щодо застосування програмно-цiльового методу, обгрутовано необхiднiсть реформування ЖКГ, оскiльки це стосується iнтересiв населення та нацiональної економiки України в цiлому.
 Узагальнено практики реалiзацiї програм УЖКГ Миколаївської ОДА, а саме «Питна вода Миколаївщини на перiод до 2020 року», «Поводження з твердими побутовими вiдходами на перiод до 2020 року», «Обласна програма часткового вiдшкодування кредитiв на реалiзацiю енергозберiгаючих заходiв у житловому фондi на 2016-2020 роки», «Обласна програма розвитку систем зовнiшнього освiтлення населених пунктiв Миколаївської областi на перiод до 2025 року», «Обласна програма енергозбереження та розвитку альтернативних джерел енергiї до 2025 року» тощо. 
 Визначено найбiльш суттєвi проблемнi питання на пiдставi монiторингу виконання програм: погашення заборгованостi перед пiдрядними пiдприємствами (наявнiсть кредиторської заборгованостi), призупинення реалiзацiї програм на невизначений строк, порушення зобов’язань з боку учасникiв реалiзацiї програм, змiни нормативно-законодавчого характеру, якi впливають на хiд реалiзацiї програм, низький рiвень ефективностi програм (фiнансова звiтнiсть). Крiм того, зазначено непiдготовленiсть населення до вирiшення питань благоустрою: рiвень готовностi населення покращувати, впроваджувати, заощаджувати, дбайливо поводитись з комунальною власнiстю залишається не на належному рiвнi. 
 Зазначено, що на пiдставi монiторингу виконання програм, а також аналiзу фiнансової документацiї та звiтної документацiї найголовнiшими проблемами, якi тягнуть за собою ряд iнших є нестабiльнiсть фiнансування та дисциплiна виконання зобов’язань учасникiв програм, а також наявнiсть чи вiдсутнiсть додаткових витрат на реалiзацiю програм через судовi позиви. 
 Запропоновано шляхи покращення практики застосування обласних цiльових програм, а саме: для запобiгання виникнення кредиторської заборгованостi або принаймнi її мiнiмiзацiї передбачати реальнi, обґрунтованi витрати на реалiзацiю бюджетних програм; у ходi реалiзацiї програм не змiнювати правила та процедури, що можуть викликати фiнансовi проблеми i призвести до зупинення програм чи сплати судових витрат по незахищених статтях бюджету; досить ретельно та прозоро пiдходити до обрання учасникiв реалiзацiї бюджетних програм; посилити роз’яснювальну роботу серед населення щодо необхiдностi та переваг реформування сфери ЖКГ в ринкових умовах; оперативно та зрозумiло висвiтлювати досвiд УЖКГ Миколаївської ОДА щодо реалiзацiї обласних цiльових та бюджетних програм серед населення з метою їх залучення до реформування структури ЖКГ з точки зору отримувачiв послуг.
 Акцентовано увагу, що обласнi цiльовi програми є дiєвим засобом програмно-цiльового управлiння у складi проекту програм соцiально-економiчного розвитку областi, забезпечення та виконання заходiв та завдань програм в установленi термiни, досягнення передбачених показникiв програм, використання фiнансових, матерiально-технiчних та iнших залучених ресурсiв за призначенням, механiзмом реалiзацiї реформування житлово-комунального господарства України в сучасних умовах.

商业银行存量房资金监管业务一体化经营探索

商业银行存量房资金监管业务一体化经营探索

ОСНОВНІ НАПРЯМИ ВДОСКОНАЛЕННЯ ПРАВОВОГО РЕГУЛЮВАННЯ ЖИТЛОВОГО ЗАБЕЗПЕЧЕННЯ ПОЛІЦЕЙСЬКИХ В УКРАЇНІ З УРАХУВАННЯМ ЗАРУБІЖНОГО ДОСВІДУ

У статті здійснено аналіз особливостей житлового забезпечення працівників поліції у європейських раїнах. Досліджено особливості здійснення оренди, а також набуття права власності на житло працівниками поліції у Франції, Польщі та Литовській Республіці. Запропоновано конкретні шляхи адаптації позитивного досвіду зазначених країн у сфері житлового забезпечення працівників поліції у реаліях України.

Towards Sustainable Development: Role of the Housing Fund Program for the Poor in Bangladesh

The word home is associated with the place where people can rest their heads at the end of the day. But in a developing country like Bangladesh, there are still many people who are homeless. Although there are different types of home loans available for the homeless. However, this study focused on the Grihayan Tahobil Program which was set up to provide housing loans to the extremely poor who have very limited incomes, who live in urban slums or who have become homeless as a result of river erosion. The main goal of this study is to evaluate how the social economic development issues change because of the government housing loan program (Grihayan Tahobil) in the Bangladesh to help ensure sustainable development goals. This study mainly based on primary and secondary data and primary data were collected from sample respondents through a structured questionnaire via face to face interview. Data on perception of household head on the changes in social status, health status of the respondent household head, difference in the indicator of women empowerment, food standard, children education and access to clean water and sanitation were collected through this survey. This study used systematic random sampling techniques. A total of 5 NGOs from all over the Dhaka division has been selected randomly. With the help of these 5 NGOs, 190 beneficiary households and 70 non beneficiary households have selected systematically from the five different districts for the survey. All of the findings indicate that after having an access of housing fund loan for a house, it is likely to report changes in their social status. The study finds that 90 percent of the program beneficiary households have enjoyed a positive change in their social status. The results also indicate that a new house not only improves the socio-economic condition of the program beneficiary household but also it is helping Bangladesh moving towards to sustainable development.

The methods to reduce poverty in Uzbekistan

The article focuses on the search for funding sources to form a compulsory health insurance fund and a housing fund supporting workers employed in the commercial sector in case of their temporary disability. Measures are proposed aimed at reducing the share of the shadow economy, increasing the official employment rate and, on this basis, expanding the sources of financing pensions, allowances and other social transfers.

Mutual Funds-A Pragmatic Research on Investors Perception Towards Risk–Return Pattern with Special Reference to Coimbatore City

Mutual funds act as a medium for retail investors to invest their savings in the professional fund's management system, irrespective of the sum invested. The industry of mutual fund has come a long way in predicting the investor's sufficient growth of their thoughts of investing in such fund houses in large numbers. The basic drive of an investment to get a maximum return with a minimum risk where the mutual fund provides the opportunity for it. The research provides the statistical data analysis through the investor's perception of mutual funds, understanding about the growth and the riskreturn of the investors. The data has been analysed from mutual fund investors. It mainly focuses on the investor's point of view towards the mutual fund schemes which is predictable in the future rate of investment and the growth and risk factors involved. It was found that low risk funds and liquidity of funds scheme are having influence on the investor's perception for investing in the mutual fund.

Influence of Urbanization on Improvement of Housing Fund in the Rossiyskaya Federatsiya

The Object of the Study. Housing. The Subject of the Study. Housing improvement.The Purpose of the Study is to reveal the dependence of the degree of housing improvement on the level of urbanization.The Main Provisions of the Article. The quality of services provided to the population by the housing and communal services sector has a significant impact on the quality of life of the population. Therefore, monitoring the effectiveness of the reforms carried out both in the economy as a whole and in the housing and communal services of the Russiyskaya Federatsiya can be carried out by indicators of the dynamics of the quality of life of the population. At the same time, an important task is to identify factors that affect the indicators of the quality of life of the population in order to ensure appropriate conditions for achieving the goals. This work substantiates the solution of the problem of assessing factors affecting indicators of the level of improvement of the housing stock of the Russiyskaya Federatsiya. As one of such factors, the proportion of the urban population is used.A hypothesis of the dependence of the indicators of improvement of the housing stock on the level of urbanization of the Federal Okrugs has been put forward as a working one. In the process of the study, the task was set - to check this hypothesis and, if confirmed, to assess the level and direction of the identified relationship.As indicators of improvement in the work, we used official statistical data for 2017 for the Federal Okrugs of the Russiyskaya Federatsiya and data on the proportion of the urban population.The authors propose an algorithm for solving that problem, including ranking procedures of the Federal Okrugs by the level of improvement of the housing stock, as well as by the proportion of the urban population. Subsequently, the comparison of the obtained ranking results is performed using one of the statistical criteria, the Spearman rank correlation coefficient being proposed as such.The statement of the problem of multidimensional ranking of the Federal Okrugs by indicators of improvement of the housing stock has been formulated. Since in this case vectors of the same size are used for ranking, the multidimensional average method is used for that.To test the hypothesis put forward, the Spearman rank correlation coefficient was calculated, the value of which indicates the presence of a strong statistical relationship. Checking the statistical significance of the coefficient showed that the identified relationship is not random.The analysis of statistical data has allowed us to conclude that there is a strong statistical relationship between the integral level of improving housing and the level of urbanization of regions.

The Emerging Crisis of Aged Homelessness in the US: Could Cost Avoidance in Health Care Fund Housing Solutions?

Background with rationale The US homeless population has had a fairly unique age structure for thirty years, with one-third concentrated among the 1955-1965 birth cohort. They are aging prematurely and are experiencing aging related morbidity and mortality in increasing numbers. This study uses demographic methods to project the growth in aged homelessness out to 2030. Using linked administrative data, historical patterns of health care, nursing home and shelter are used to estimate future costs. Potential offsets are estimated from anticipated reductions in excess services use associated with housing placement.
 Main Aim To determine if housing placement among future aged homeless adults could be offset by reduced health and social service costs.
 Methods/Approach Demographic methods are applied to historical shelter data in Los Angeles, New York and Boston to project the future growth in aged homelessness. Linked administrative data are used to estimate future age-related use of health and social services. Housing models are applied to meet population needs to estimate costs. Health and social service costs offsets are estimated from prior literature. The net cost is estimated based on the differential.
 Results Elderly homelessness will triple in the US over the next ten years. Average annual health and shelter costs will be $22-28,000 per person. Housing costs are estimated at $7-11,000 annually. Cost offsets yield a positive ROI of 1.13 in New York and Los Angeles; Boston results are closer to break-even.
 Conclusion Substantial public dollars will be spent on the aged homelessness problem as it triples over the next ten years. Some of those dollars could be shifted to housing solutions, reducing homelessness significantly, with little to no increase in public expenditures; positive returns on such investments are also possible.

Dilapidated and dilapidated housing in the aspect of the Federal project “Ensuring sustainable reduction of uninhabitable housing”

In Russia, a fairly high level of dilapidated and dilapidated housing, this problem is closely linkedto housing and communal services for housing funds, with inaction of municipal authorities for emergency anddilapidated housing, with the absence of certain by-laws in the field of overhaul, is high. Clearing blocks of dilapidated housing, resettlement of citizens, creation of favorable conditions for investors in order to effectively integrated development of built-up areas are urgent tasks facing the government of Russian cities. In this article, these problems are disclosed in the example of the national program. According to the results of this study revealed that government should use an individual approach to the development of builtup areas, which should be based on a deep town-planning analysis and integrated approach to their development with comprehensive discussion platforms of both architects, urbanists, developers, and with economist, sociologists and marketers.

Technology for Assessing the Efficiency of Housing Fund Reproduction

In the article, the author presents an original technology for assessing the efficiency of housing fund reproduction. According to the presented methodology, the author suggests assessing the efficiency of housing fund reproduction based on two aspects: first, the indicator of condition, which is an integral indicator determined based on a group of aggregated indicators related to main directions of housing market development; second, the indicator of dynamics – a growth coefficient calculated as a geometric mean of growth coefficients in social, technical, investment and market indicators. To interpret and visualize obtained data concerning integral indicators assessing the efficiency of housing fund reproduction, the author has upgraded the Harrington scale by supplementing it with values of the reviewed ranges of the average growth coefficient, which characterizes the pace of housing fund reproduction. This upgrade has allowed the author to transform the scale into a two-dimensional matrix and to highlight efficiency areas in it, namely high, above-average, below-average and low, which are recommended for the assessment of reproductive activities on federal, regional and municipal levels. The visualization has helped the author build a development trajectory for housing fund reproduction within certain chronological frames based on the aggregate of objects under study.