Housing Policy for the Elderly: A Policy to Build Barrier-Free Rental Housing

Abstract

There is a strong need for barrier-free rental housing because of the rapidly aging population in Japan, where the share of barrier-free rental housing is only 18.24% of total rental housing. We propose a policy to solve the problems associated with supplying barrier-free rental housing. Our scheme involves a method of funding rental housing with a securities investor, as well as implementing property management and introducing rent subsidies. The plan entails funds being collected to construct barrier-free rental housing. The housing will generate positive rental profits, which will, in turn, lead to the increase in the supply of barrier-free rental housing. According to our plan, the low-income elderly will also have access to barrier-free rental housing.