Researchers at Swinburne University of Technology have developed a tool to calculate the social, economic and environmental benefits of social and affordable housing.
"For far too long social and affordable housing has been seen almost as a welfare service," says Wendy Hayhurst, CEO of Community Housing Industry Association, which commissioned the study.
"What we're trying to show is that in addition to those rents, you're actually getting all of this social value as well.Nicole Gurran, a professor of urban and regional planning at the University of Sydney, is not convinced this kind of tool can accurately quantify these benefits. "But whether we are able to quantify those fully via an accounting mechanism, I think the jury is unclear."
The new tool — called the Social Infrastructure and Green Measures for Affordable Housing calculator — provides government, community housing organisations and the broader social and affordable housing sector with a robust tool to estimate Wider Social and Economic Benefits, said a press release from the Community Housing Industry Association.
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