Liveable Social and Affordable Higher Density Housing - Snapshot Composite Return on Investment (CROI)
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Abstract
This SBEnrc project is investigating liveable and affordable higher density housing opportunities, with a focus on urban precincts. Key issues being reviewed include: 1) Liveability outcomes, including accessibility in both homes and the urban precinct in medium and high density housing. 2) Adoption of liveable design outcomes, highlighting successful best practice examples, and identifying pathways for adoption and barriers to uptake. 3) Understanding the value equation through capturing and demonstrating social and economic benefit to the broader community. 4) Exploring next generation thinking in order to maximise future infrastructure benefits and minimise future risks. The Composite Return on Investment (CROI) approach is an outcome of the SBEnrc Valuing Social Housing research project. The aim of that project was to establish a robust methodology for valuing the return on investment of providing social housing, in order to build the case for on-going investment. This composite approach is proposed in response to findings outlined in SBEnrc Rethinking Social Housing research which highlighted that a single method fails to capture the complex nature of the value returned to society and the individual of having access to safe and secure housing. To address this complexity, a productivity-based conceptual framework was developed where four aspects of productive return were identified: individual; macroeconomic; fiscal; and non-financial. The Value Social Housing research identified four areas of benefit being: (i) transformation benefits to an individual; (ii) economic and social benefits to the average individual; (iii) economic and social benefits to the organisation; (iv) and economic and social benefits to society.
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© The Author(s) 2020. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the publisher’s website for further information.
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Urban and regional planning
Human geography
Sociology
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Kraatz, J, Liveable Social and Affordable Higher Density Housing - Snapshot Composite Return on Investment (CROI), 2020