The Performance and Problems of Affordable Housing Policy in China

The purpose of this paper is to evaluate the performance of affordable housing policy in China and to analyze its problems.We find that the development of affordable housing has experienced three stages:initial stage,fast development stage and adjusting stage.In the aspect of policy performance,the paper evaluates it in four re- spects: housing supplies,housing prices,housing conditions and macroeconomic policy.This study suggests that the effect of affordable housing policy was significant during fast development stage,bttt began to be weak- ened after 2001.On the basis of the empirical analysis,the paper analyzes present problems of affordable housing policy in three aspects: supplying size,building standards and subsidies.Finally,the paper gives some recommendations,including stabilizing supplying size,regulating building standards and changing subsi- dizing approach.