Development of Framework for PPP Initiatives for Affordable Housing

Abstract

Pakistan is facing the deficit in housing units like other developing countries, and this shortage of housing units has reached approximately 10 million due to an explosion of population and urbanization. The poorest and financially under- served segment are the most affected part of society majorly due to unreachable prices of houses. This study concluded that the framework of Public Private Partnership (PPP) and Real Estate Investment Trust (REIT) can resolve the issue of housing shortage especially for low-income families. The framework helped to simplify the mechanism for utilization of the expertise and investment (directly or indirectly) of private sector. The analysis of data collected from the experts of public and private sectors helped to develop a framework of public and private partnership models that delineated the roles and responsibilities of both sectors.