Policy Alternatives for Affordable Housing Essay

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Selection of The Criteria Criterion 1: Economic Feasibility Purpose of this criterion is to answer the question, Does the whole benefit and savings of implementation of this alternative outweigh the other costs of implementing it? Alternatives also will be measured for its cost to New Zealand in terms of staff and program resources. An optimum program would require minimized use of these resources. Minimum budget required is being the most desirable outcome under this criterion. Criterion 2:Political acceptability The purpose of this criterion is simple, Somewhat this alternative realistically be applied? In this case the defining factor is whether the people and entities involved would support the proposed alternatives. It is…show more content…
Table 1.1 Weighting of Criteria Criterion Weighting Economic Feasibility .35 Political Acceptability .40 Administrative Feasibility .25 Since alternative policy options, our criteria and weighing are projected, it is possible for us to analyze alternatives against criteria. Before employing the outcome matrix for this, following rating system will be used: very weak, weak, moderate, strong, and very strong. Summary of this matrix will be given on both qualitative and quantitative form. Table 1.2 Qualitative Criteria Outcome Matrix The following matrix summarizes the results described above. ALTERNATIVES "Alternative 1: Status Quo" "Alternative 2: Modest Houses for First-time buyers" "Alternative 3: International Example of Social Housing" "Alternative 4: Mortgage for Low Income Families" "Alternative 5: Funding for Maori Housing" CRITERIA "Criterion 1: Economic Feasibility" Very Strong: no changes in cost Moderate: Could minimize the cost if supplements are held back Weak: high travel costs and consent fees Strong: bring the overall housing budget in long-term Weak: costly to implement unless private sector involved "Criterion 2: Political Acceptance" Very Weak: Support level vary Very Strong: Could be reached with a coalition Moderate: successfully adapted in other countries Strong: greater acceptance between parties Strong: Could be discussed openly and accepted "Criterion 3:
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