| dc.description.abstract | Social housing is designed to address the rental needs of vulnerable populations or young people by providing rental-only options. The government has been actively promoting the establishment of social housing, with a target of building 120,000 units and managing 80,000 units through lease contracts over an 8-year policy period. However, the progress in constructing these 120,000 social housing units currently stands at only about 24% of the combined total of existing and newly completed units. Due to limited capacity in government and urban housing development centers and inadequate stock of social housing, the government should actively encourage private sector involvement in building social housing. Presently, there are few actual cases of private sector-built social housing, making it difficult to demonstrate the practical benefits and concrete outcomes of using the Public-Private Partnership (PPP) model for social housing. Building social housing requires significant financial investment by the government, which must be repaid through long-term financing arrangements. This long-term repayment entails substantial interest and principal payments, putting considerable strain on government finances. Encouraging private sector participation in public construction projects aims to expedite the provision of public infrastructure by leveraging private sector resources and capabilities. Through this collaboration, the government can provide supervision and conditions to ensure a win-win situation for the private sector, government, and society. Currently, the government faces limitations in fundraising due to financing quota restrictions and relatively slow procurement processes by local governments or urban housing development centers. Therefore, there is a hope to increase viable channels through collaboration between government and private sector resources and funding. This study aims to summarize the benefits of PPP, methods suitable for implementing PPP models, financial feasibility, and operational conditions. Drawing on the extensive practical experience of experts, it will compile thoughts and perspectives on the adoption of PPP in social housing construction in Taiwan and provide appropriate recommendations for its implementation. Research findings suggest that during the planning phase of social housing projects using the PPP model, communication with local residents or businesses should be conducted to reduce financial risks. Based on the research findings on financial feasibility and operational phases, the PPP Build-Operate-Transfer (BOT) model is recommended to enhance the viability of private sector-led social housing projects. | en_US |