6533b826fe1ef96bd12852e4
RESEARCH PRODUCT
Efficiency versus Fairness in the Management of Public Housing Assets in Palermo (Italy)
Grazia NapoliMaria Rosa TrovatoSalvatore Giuffridasubject
Public housingGeography Planning and Development0211 other engineering and technologiesAlienationTJ807-83002 engineering and technologyPolicy initiativespolitically fixed price010501 environmental sciencesManagement Monitoring Policy and LawTD194-19501 natural sciencesAlienation of property; Politically fixed price; Public housing; Real estate marketRenewable energy sourcesalienation of propertyFixed priceGE1-350Market valueStock (geology)0105 earth and related environmental sciencesValuation (finance)Financepublic housingEnvironmental effects of industries and plantsRenewable Energy Sustainability and the Environmentbusiness.industry021107 urban & regional planningSolidarityEnvironmental sciencesreal estate marketSettore ICAR/22 - Estimobusinessdescription
Public housing policy has been proposing plans of public housing (PH) stock alienation or, as an alternative, property enhancement plans, since administrative and financial commitments have become too heavy for municipalities. This paper deals with one of the current public housing management policy initiatives, undertaken by the Municipality of Palermo (Italy), which aimed at transferring a significant part of the public housing asset to the current tenants, according to some terms and conditions, and applying a politically fixed price. This policy is described in general, focusing on the amount of the assets involved, reporting the terms and conditions for transferring them at an affordable price, and analysing their concentration/distribution in the urban areas. The main aim of the paper is to provide a valuation pattern for defining the trade-off between the efficiency and fairness of such a tool, recognising the conditions for the consistency between the transfer price established by municipality, the merit of the public housing asset, and the market value. A detailed study on two representative neighbourhoods was carried out in order to measure the value of solidarity of this policy and to propose some corrective rules.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2019-02-24 |