Realizing Affordable Private Rental Housing: A study of Public-Private Partner-ships in Dutch Real Estate Development
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2024-08-15
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en
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This thesis explores how public-private partnerships (PPPs) can contribute to the development of affordable private rental housing in the Netherlands. The research focuses on identifying Critical Success Factors (CSFs) for PPP and mechanisms to ensure the affordability of the development. Based on 2 cases the findings from the literature are reflected in practice. The results show that the CSFs that emerged from the literature review, including 'Political support and stability', 'Trust and openness', 'Favorable and efficient legal framework' and 'Appropriate risk allocation' are considered essential for the success of a PPP. In addition, 'Knowledge, skills and experience' and 'Clear agreements in advance' were found to be critical success factors for such projects in practice. The results also show that affordability mechanisms including contractual arrangements, risk sharing and monitoring and evaluation are important to ensure affordability in PPP constructions. Additional mechanisms such as reinvestment, revision of plans and cooperation with housing corporations have also emerged from practice as mechanisms for affordability. Finally, it was found that the government can also provide incentives for PPP projects with affordable private rental housing using government incentives and support, diversity in housing supply, and clear planning and policy formation.
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Faculteit der Managementwetenschappen