Journal of the Architectural Institute of Korea (대한건축학회논문집)

Architectural Institute of Korea (대한건축학회)
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Analysis of Locational Factors of Buy-to-Rent Public Housing with Public Contributions - A Case of SIA Youth Housing in Seoul -

공공기여를 통한 공공매입임대주택 공급의 입지요인 분석 - 서울시 역세권 청년주택을 사례로 -

  • Yi, Jung min (Graduate School of Environmental Studies, Seoul National University) ;
  • Yang, Hee Jin (School of Spatial Environment System Engineering, Handong Global University)
  • 이정민 (서울대학교 환경대학원) ;
  • 양희진 (한동대학교 공간환경시스템공학부)
  • Received : 2022.09.25
  • Accepted : 2023.06.12
  • Published : 2023.07.28
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Abstract

This study examines the increasing provision of buy-to-rent public housing through public contributions, which utilizes private developers' profits to alleviate the government's financial burden. By focusing on Station-Influenced-Area(SIA) youth housing in Seoul, the study empirically analyzes locational factors of buy-to-rent public housing using a multi-level logistic regression model. It considers a hierarchical data structure that includes both parcel-based factors and socioeconomic characteristics of each station. The results demonstrate that development opportunities, including land value, changes in land value, and development potential index, significantly influence the supply of buy-to-rent public housing through public contributions. This highlights the potential of public contributions as a mechanism for housing provision. In areas where government financing is limited, public contributions can provide public housing options for vulnerable households, such as low-income city workers, in areas with excellent accessibility to public transportation. However, reliance on market mechanisms tends to restrict the supply of buy-to-rent public housing to areas with high development potential or land values, potentially leading to regional disparities in the distribution of public housing. To address this issue, fostering a complementary role between public entities and private developers is crucial, with a focus on public interventions in areas that lack private development.

Keywords

Acknowledgement

이 연구는 정부(과학기술정보통신부)의 재원으로 한국연구재단의 지원을 받아 수행되었음(No.NRF-2020R1G1A1102528)

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