How does “The Center for Social Housing & Public Investment” define the concept of social housing?
Social Housing Overview
We define “social housing” to be a publicly owned, mixed-income housing model that treats housing as a human right, not a commodity. A key feature of the model is that it replaces speculative private capital with public funding to produce housing for the common good.
Core Principles:
· Public Ownership: Social housing is publicly owned, prioritizing community needs over profit.
· Mixed-Income Communities: It integrates people of different income levels to build diverse, resilient neighborhoods.
· Self-Sustaining and Scalable: Developments pay for themselves within 20–30 years, eventually generating revenue to fund more housing.
· Affordability: The model aims to maximize affordability while remaining financially sustainable.
· A Public Option: Social housing offers a non-market alternative, encouraging competition and lowering overall housing costs over time.
CSHPI promotes this model as a response to the housing crisis, advocating for a shift from privatization to public investment to build equitable, stable communities and ensure access to safe, affordable homes for all.