COMBINED ECONOMIC AND SOCIAL IMPACT ASSESSMENT OF AFFORDABLE HOUSING INVESTMENTS

Abstract

A method combining economic evaluation and social impact assessment creates information that can be applied when making decisions about a new tenement building or renovation of existing buildings. The aim of the economic evaluation is to ensure that economic aspects are adequately considered and investment is realizable from a monetary point of view. Social impact assessment reveals intangible pros and cons related to an investment or investments to be considered. This paper presents a framework that combines economic and social aspects and supports decision making related to affordable housing.