Why support private initiative?
Adding efforts from co-responsibility
Within the framework of the inescapable responsibility of the public sector to guarantee decent housing for all, public-private collaboration should play a prominent role.
Investing in affordable housing is socially just and necessary, and enjoys significant social and economic compensation, improves educational outcomes, and saves future health care costs while increasing the protection of the most vulnerable groups.
The priority of public administrations should be land use planning, the implementation of comprehensive housing policies and the stimulation of innovation by the construction and rehabilitation sectors. Private initiative could take over much of the rest.
Naturally, this strategy involves allocating public budgets to the Third Sector, but experience shows that public-private collaboration not only contributes significantly to the economic viability of social rental housing but also strengthens the network of operators and significantly improves the effectiveness of the response to social needs by guaranteeing the return on the investment made