Research on the Securitization of affordable Housing Assets - Taking Nanjing Dayanggou Social Housing Asset Securitization Project as an Example

Wang Tao, Song Xiangpan

Abstract: With the development of economy and the acceleration of urbanization, the existing housing cannot meet the needs of all residents. Therefore, the government needs to strengthen the construction of low-income housing to meet the peoples housing demand. But it also makes the government spending grow rapidly, which creates a large capital demand, so it needs to be financed from appropriate channels. Asset securitization is a widely used financing mode at present, and it has certain practical significance to combine with the shantytown renovation project. This paper takes the case of asset securitization of public security housing in Dayangou as an example to discuss the significance of asset securitization for this kind of project financing, analyze the source of risks and provide relevant improvement methods. This also provides a reference for other security housing asset securitization projects.

Keywords: Asset securitization, Construction of affordable housing, Beneficial right of trust