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The Case of Affordable Housing: a global perspective on financing and inst...

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The Bartlett

UCL at Here East, 8-9 East Bay Lane

Queen Elizabeth Olympic Park

London

E15 2GW

United Kingdom

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Join this free one-day conference to evaluate emerging tools and models for financing affordable housing.




The Case of Affordable Housing: a global perspective on financing and institutional ownership

Organised by the UCL Bartlett School of Construction and Project Management with the support of Bartlett 100, celebrating The Bartlett's cententary year.

This conference will bring together academics and a wide range of industry stakeholders to explore global case studies focused on new tools and models for financing affordable housing, working towards viable solutions for the UK and beyond.

Lack of affordable housing can have a significant impact on productivity and economic growth worldwide, and can lead to increased segregation and inequality within communities.

A fundamental question in the creation and management of affordable and social housing is who finances it. In the UK and beyond there has been a shift from public sector led financing towards using capital markets to access funds. Housing associations play a vital role in this landscape as do institutional investors through direct financing or building (Build-to-Rent) and investment in existing large-scale rental accommodation.

The paper session will present the latest international academic research on the financing of social and affordable housing projects worldwide while the round table discussion will bring together industry leaders for a strategic discussion on emerging models of housing funding, supply and place making. The workshops will facilitate concentrated discussion in response to the latest industry trends and research.




Programme

09:30 - 10:00 - Registration and refreshments
10:00 - 10:15 - Welcome
10:20 - 11:30 - Submitted paper session I (four parallel sessions)

Session 1.1: What can the state do to improve affordability?

Session 1.2: Does the mortgage market have a role in improving affordability?

  • Low Income Homeownership and the Role of State Subsidies: A Comparative Analysis of Mortgage Outcomes, Matthew Record (San Jose State University)
  • Mortgage Availability and Homeownership in the Low Income Housing Market: The Role of Credit Scoring Technologies Jaime Luque (ESCP Europe)

Session 1.3: Land value capture, viability tests and the impact of regeneration on neighbourhoods

  • The Taxing Problems of Land Value Capture, Planning Obligations and Viability Tests: Some Reasonable Models? Pat McAllister (University of Reading)
  • Impacts of residential projects associating with urban redevelopment programme on neighbourhood changes: Insights from local planning data in four west London boroughs, Yue Ying (University of Cambridge)

Session 1.4: Global perspectives on affordable housing

  • Unlocking affordable end-user housing finance for people on low incomes in urban Africa and Asia: a Reall perspective, Andrew Jones and Lisa Stead, (REALL (Social Enterprise))
  • Rebairrar: Marechal Carmona Neighborhood Regeneration Program, João Schedel and Filipa Roseta, (Cascais Municipality - Câmara Municipal de Cascais)

11:30 - 11:50 - Refreshment break
11:50 - 12:50 - Workshops (three parallel sessions)

  • Session 1: Rental market investment: Happy Tenants = Happy Landlords? Andrew Allen, Aberdeen Standard Investments
  • Session 2: Institutional investment in affordable housing. Pete Gladwell, Legal and General and Honorary Professor at the Bartlett School of Construction and Project Management, UCL
  • Session 3: Obsolescence, depreciation and maintenance: unaffordability in the 21st century. Professor Yolande Barnes, Bartlett Real Estate Institute

12:50 - 13:50 - Networking lunch
13:50 - 14:50 - Round table discussion

Tackling the housing crisis - councils, housing associations and Homes England
Emerging models of housing funding, supply and place making
Chair: Paul Hackett, Optivo, Honorary Professor at the Bartlett School of Construction and Project Management, UCL
Panel: Colm Lacey, Brick by Brick, Helen Evans, Network Homes, Nick Walkley, Homes England , Steve Douglas, Altair

14:50 - 15:10 - Refreshment break

15:10 - 16:20 - Submitted paper session II (four parallel sessions)

Session 2.1: Impact of rent regulation and Help to Buy on investment performance

  • Renter Protection and Institutional Investment in Multifamily Rental Housing, Meagan McCollum (University of Tulsa)
  • Housing consumption and investment: evidence from shared equity mortgages, Joao Cocco (London Business School)

Session 2.2: Is affordability improving? What factors help different neighbourhoods perform

Session 2.3: Rethinking supply chains to improve affordable housing delivery

  • Improving affordable housing delivery through the reduction of rework in the supply chain, Mehdi Shahparvari (London South Bank University)

Session 2.4: Global perspectives on affordable housing

  • Finding Critical Success Factors for rising Affordable Housing Challenge around the world: Evidences from different countries, Mona N. Shah (Amity University)
  • Social Housing and REIT Funding for Affordable Housing in Africa Developing Nations, Olusegun Olaopin Olanrele (Moshood Abiola Polytechnic & University of Malaya)

16:20 - 16:30 - Comfort break
16:30 - 17:35 - Keynote lecture and closing remarks

Affordable Housing: Some International Lessons, Professor Stephen Malpezzi, University of Wisconsin-Madison

17:35 - 19:30 - Canape and drinks reception



About our keynote speaker

Professor Stephen Malpezzi is a professor in the Department of Real Estate in the Wisconsin School of Business. Professor Malpezzi is a past Academic Director of the Graaskamp Center and has also served as Chair of the Real Estate Department. He is an Associate Member of the Department of Urban and Regional Planning, an Affiliate of UW's Institute for Research on Poverty and a Faculty Affiliate of the La Follette School of Public Affairs.

He has extensive experience advising both developed and developing countries on the establishment of effective housing and urban development policies. His active research agenda includes housing policy and programs, and housing market behavior, both domestic and foreign. Professor Malpezzi's teaching specializations include urban economics and real estate economics. He has, in the past, taught housing economics, public finance, real estate finance and investments, international real estate, macroeconomics, computer methods, and the survey course “The Real Estate Process.”



About The Bartlett School of Construction and Project Management

The UCL Bartlett School of Construction and Project Management is an international centre of excellence in the teaching and research of project management and economics. The School is recognised across the world as a leading centre for research and insight in the management of projects and project enterprises, economics and finance, project-based networks and sustainability in the built environment. We are part of The Bartlett, UCL’s global faculty of the built environment.

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The Bartlett

UCL at Here East, 8-9 East Bay Lane

Queen Elizabeth Olympic Park

London

E15 2GW

United Kingdom

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