武汉市公共租赁住房建设项目投融资规划分析-analysis on investment and financing plan of wuhan public rental housing construction project.docxVIP

华中科技大学硕士学位论文 华 中 科 技 大 学 硕 士 学 位 论 文 I I 摘要 继政府推出经济适用房和廉租房等住房保障手段之后，出现了一些既不达不到 廉租房的保障标准，又没有能力购置经济适用房或者商品房的 “夹心层”群体，而公 共租赁住房正为解决了这一问题应运而生。所谓公共租赁房，就是以低租金租赁的 政策性住房，由政府负责建设管理，供中低收入住房困难群体租赁居住，租金水平 略高于廉租房水平，但低于经济适用房和商品房。公租房主要面向的对象还包括了 刚毕业的大学生、外来务工人员等社会群体。 本文致力于解决公共租赁住房项目建设过程中投融资的问题.借鉴新加坡等国家 成熟的实践经验，本文结合武汉市的实际情况，抓住资金这条主线，运用货币时间 价值理论，对武汉市公共租赁住房建设项目一定时期内折现现金流的净收益进行分 析。通过验证公租房建设项目的可行性，本文较为全面地测算公共租赁住房建设项 目的投资安全性，并基于此提出融资解决方案和还款安排。 本文提出的融资方案旨为公共租赁住房建设的投融资提出新的思路,通过对公共 租赁住房建设和运营机制地积极探索和创新,逐步完善保障性住房体系, 积极引导调 动各社会力量参与到公共租赁住房建设的队伍之中满足不同保障群体的需求。 关键词：公共租赁住房；投融资规划；货币时间价值 II II Abstract Following the advance of affordable housing construction and low-rent housing construction，there exists a “sandwich class ”group who are not up to the low-rent housing standards and not affording to purchase affordable housing or real estate. Public rental housing construction is key link of indemnificatory housing project, aiming at solving the housing difficulties of the “sandwich class” group, including new graduate, new employment personnel and so on. This research focused on solving investing and financing problems in the course of the public rental housing construction. Drawing lessons from Singapore, considering the actual situation of Wuhan and using the Time Value of Money theory, this article will study the feasibility of housing construction project in Wuhan through the analysis of discount cash flow’s net income during a certain period. This article measures the safety of investment in the public rental housing construction comprehensively. On that basis, this research will put forward a concrete credit solutions and financing reimbursement arrangement. This project financing scheme provides new ideas of financial support for public rental housing construction. Exploring and innovating public rental housing construction and operation mechanism actively, we can further improve the housing guarantee system and meet the demands of different groups. Key words: Public Rental Housing；Inves