A Study on Public Housing Policy for Implementing Social Sustainability: Focused on Affordable Housing in Hawaii, USA

Abstract

The purpose of this study is to derive useful policy implications for Korea by examining the case of Hawaii state in US, which pursues social sustainability through the supply of high-quality affordable housing in cities. The analysis was focused on affordable housing supply related to the urban regeneration project in Kakaako, Honolulu. Kakaako's affordable housing is a public-led private construction type. The state government is providing financial support to both consumers and suppliers so that various classes can live together without discrimination in the physical environment. Under this atmosphere, even low and middle income families can achieve better quality of life on their own through better education, medical care, and cultural benefits. In downtown Korea, there are many places where regeneration projects are urgently needed. If high-quality public housing is provided, demand will be abundant. The government should establish a long-term vision for urban regeneration and public housing policies so that the supply volume can be predicted, and an independent institution that oversees urban regeneration projects must be established to carry out the projects in a long-term and comprehensive manner, and various financial support should be provided so that private companies can actively participate in public housing supply.

THE HOUSING‐WELFARE REGIME AND THIRD‐SECTOR HOUSING IN HONG KONG AND SOUTH KOREA: A Historical Institutionalist Perspective

“…Amid growing joblessness and economic inequality, Korea's national government began promoting a social economy aimed at diversifying economic actors and creating jobs. To financially support the third sector, the government set up the Social Investment Fund in 2012 in Seoul and established the Social Value and Solidarity Foundation, the first social financial system to support the social economy in 2018 (Lim, 2018). In Seoul, social enterprises became the progressive former mayor's strategic partners in fostering the social economy.…”

“…The growth of the third sector was accompanied by the establishment of the Korean Social Housing Association (KSHA), a coordinating organization for social housing projects, in 2015. Consisting of 89 members of nonprofit housing co-ops and social housing enterprises, KSHA has created a major window of communication between the government and its members and is the key contributor towards formulating related ordinances, creating programmes and channelling government funds (Lim, 2018). This increased investment in the social economy is testament to the government's strategy to revitalize the stagnant national economy by facilitating the commercial functions of socially responsible agencies.…”