Submitted:
14 April 2024
Posted:
15 April 2024
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Abstract
Keywords:
1. Introduction
- What are the key characteristics and principles of neoliberal urbanization?
- What are the short-term and long-term social consequences of neoliberal urbanization on vulnerable populations?
- How do they contribute to social inequality and housing segregation within urban areas?
- What insights can be gained from an interdisciplinary perspective?
2. Methodology
- Firstly, in order to establish a solid knowledge of the notion of neoliberal urbanization, a review of the fundamental literature is presented prior to entering the main part of the study, and the key findings of the primary research on neoliberal urbanization are examined.
- The next step looks at the nature of neoliberalism and its core ideas have been briefly discussed, following its social consequences on urban fabric, and it is discussed how spatial inequalities can lead to social gaps and the exclusion of a huge part of the society, along with some examples of neoliberal housing policies.
- The last section includes the presentation of various policy solutions to address the issues identified and enhance social justice in the context of housing policy.
3. Literature Review
3.1. Historical Development of Neoliberal Urban Policies
3.2. Critical Insights on Neoliberal Urbanization
4. Conceptual Framework
4.1. Key Concepts of Neoliberalism on Urban Social Fabric
4.1.1. Privatization
4.1.2. Urban Mega-Projects
4.1.3. Governance Restructuring and Deregulation
4.2. Examples of Neoliberal Housing Policies
4.2.1. Public-Private Partnerships (PPPs)
4.2.2. Urban Mega-Projects
4.2.3. Housing Vouchers or Subsidies
4.2.4. Market-Rate Housing
| Neoliberal Housing Policies | Positive Aspects | Negative Aspects |
|---|---|---|
| Public-Private Partnerships (PPPs) | Increasing the Supply of Housing | Prioritize Profit over Meeting the Housing Needs |
| Displacement of Existing Vulnerable Populations | ||
| Social Inequalities | ||
| Spatial Segregation | ||
| Social Divisions | ||
| Urban Mega-projects | Economic Growth | Displacing Existing Residents |
| Attracting investment | Social and Economic Segregation | |
| Creating Jobs | Gentrification | |
| Improve Infrastructure | Loss of Affordable Housing | |
| Public Transportation Access | Increased Property Values | |
| Green spaces | Increase Congestion | |
| Livable Environments | Disrupt Ecosystems | |
| Environmental Sustainability | Harmful Environmental Impact | |
| Rising Construction Costs | ||
| Housing Vouchers or Subsidies | Advantageous for Low-income Individuals | Limited availability of Affordable housing options |
| Flexibility to Choose | Complex Programs and Bureaucratic | |
| Empower Individuals to make Decisions | ||
| Mitigate the Poverty | Delays in Processing Applications | |
| Promote Socio-Economic Integration | Not Addressing the Underlying Structural Factors | |
| Market-Rate Housing | Promoting Luxury Condominiums and Upscale Developments | |
| Expense of Affordable Housing Projects | ||
| Exacerbates Social Inequalities | ||
| Eroded the Social and Cultural Identity of Historically Marginalized Communities | ||
| Segregation and Exclusion | ||
| Market-Driven Development | ||
| Lack of Affordable Housing |
5. Discussion and Result
Suggested Strategies
| Methods | Description |
|---|---|
| Housing Mandates | Implementing policies that require developers to include a certain percentage of Affordable housing units in new construction projects |
| Inclusionary zone: A mix of market-rate and affordable housing in new developments | |
| Implementing Complementary Strategies | Strengthening tenant protections through rent control |
| Eviction prevention programs | |
| Tenant rights advocacy | |
| Stabilize housing prices | |
| Community engagement | Community land trusts |
6. Conclusions
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