The purpose of this paper is to comprehensively analyze the structure of social housing market and to investigate policy directions through dynamic simulation modeling.
The main results are as follows. Firstly, in order for the social housing project to be implemented, financial support for the operating entity is a prerequisite. It is expected that the public will be able to play a role in lowering the barriers to entry for social housing projects through financial support. Secondly, after the social housing providers become financially stable, the focus of policy should shift from financial support to public-private cooperation. Lastly, the positive perception of social housing was not only a main factor to expand demand of the housing, but also an essential factor to prove the legitimacy of public support. Thus, efforts are needed at both policy and social structure aspects.
This study is expected to be used as basic information on the direction of public-private cooperation in social housing policies.