Research on Financing Predicament and Breakthrough Countermeasures of China's Affordable Housing

Promoting the construction of affordable housing is a key livelihood project for the state to ensure the well-being of people, safeguard social fairness and justice. However, because of the shortage of funds, the coverage and construction progress of this project are far from the expected targets. Hence, the paper firstly summarizes three specific manifestations of China's affordable housing financing difficulties: excessive reliance on government financial support, low social capital investment and high financing risk; and then proposes four breakthrough countermeasures, namely, improve the role and function of government, actively explore financing modes, enrich the return of funds and prefect risk guarantee mechanism, with a view to partially solving the financing problem of affordable housing and promoting the sustained and healthy development of affordable housing.