Rehabilitation of informal housing: the economic and financial sustainability perspective
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Date
2016
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AESOP
Abstract
There are traditionally many disadvantaged and vulnerable families that live in under comfort-housing conditions in city centres. This communication presents the goals, methodology, outcomes and conclusions of a technical, economic and financial study that assesses how to provide better dwelling conditions to this people through urban rehabilitation operations, assuring their stay in the places they traditionally inhabit. The current consultancy study – delivered to Porto town council (Portugal) – is applied, as a case study, to a set of “islands”1 located in the urban rehabilitation area of Santos Pousada in Porto city.
The economic and financial feasibility study herein presented shows that, within the Portuguese and Porto currently enforced urban rehabilitation and planning legislation, the application of the financial tool “Rehabilitation to rent – affordable housing”2 - recently passed - turns possible the rehabilitation of these “islands” in a social-oriented way. This rehabilitation intervention should be mastered by the municipal powers, namely in what concerns the provision of management services, and the facilitation of trade-offs among the involved stakeholders. Besides assuring the required social cohesion and all citizens’ equal treatment, it is also sustainable from an economic and financial standpoint, what is more and more relevant within the current financial-crisis framework.
Description
Proceedings of the IV World Planning Schools Congress, July 3-8th, 2016 : Global crisis, planning and challenges to spatial justice in the north and in the south
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All Rights Reserved