Public Housing Supply: Public Policies, Spatial Disparities and Suppliers
Social landlords must cope with a housing policy that pushes them to gain financial independence. The SRU law sets ambitious targets for public housing in municipalities, and therefore, landlords must take responsibility for building more public housing. One proposed means to enable social landlords to finance themselves is through the sale of social housing, to generate liquidity and leverage debt to increase construction. In this analysis, we employ an extension of the Tobit model to examine the behavior of social landlords regarding the sale and construction of public housing. Our findings indeed show a positive relationship between the sale of public housing and an increase in the volume of construction.