COMBINED ECONOMIC AND SOCIAL IMPACT ASSESSMENT OF AFFORDABLE HOUSING INVESTMENTS

Authors

  • Susanna Kunttu VTT Technical Research Centre of Finland Ltd., P.O. Box 1300, FI-33101 Tampere
  • Minna Räikkönen VTT Technical Research Centre of Finland Ltd., P.O. Box 1300, FI-33101 Tampere
  • Teuvo Uusitalo VTT Technical Research Centre of Finland Ltd., P.O. Box 1300, FI-33101 Tampere
  • Teppo Forss TVT Asunnot Ltd., Käsityöläiskatu
  • Josu Takala University of Vaasa, P.O. Box 700, FI-65101 Vaasa,Finland
  • Sara Tilabi University of Vaasa, P.O. Box 700, FI-65101 Vaasa,Finland

DOI:

https://doi.org/10.24212/2179-3565.2017v8i3p85-93

Keywords:

Decision-making, Investment, Affordable housing, Impact assessment, Economic, Social

Abstract

A method combining economic evaluation and social impact assessment creates information that can be applied when making decisions about a new tenement building or renovation of existing buildings. The aim of the economic evaluation is to ensure that economic aspects are adequately considered and investment is realizable from a monetary point of view. Social impact assessment reveals intangible pros and cons related to an investment or investments to be considered. This paper presents a framework that combines economic and social aspects and supports decision making related to affordable housing.

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Published

2017-09-01

Issue

Vol. 8 No. 3 (2017): SET ( 2017 )/ FEV( 2018 )

Section

Papers

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