Establishing a new system of affordable housing

The current housing security system plays a crucial role in improving people’s livelihood and promoting social equity and justice. However, the high eligibility criteria for affordable housing and its limited coverage have resulted in unsatisfactory outcomes of the affordable housing model. This paper introduces and analyzes the Korean Jeonse right system, and, in light of the current state of affordable housing development in China, proposes a new housing rental model. The aim is to address the core issues of the real estate market, alleviate the contradiction between “housing difficulties” and social progress, and offer suggestions for the future evolution of the housing rental market.