Political Feasibility and Economic Viability – Housing Crisis

Political Feasibility and Economic Viability – Housing Crisis

The United States is dealing with a fast-growing housing crisis as homes, and houses are growing more unaffordable to the common population. It is the leading social problem in major U.S. cities.

The Value for Money

Housing markets are continuously fluctuating and present uncertainties but also present huge opportunities. Housing is a major factor of health equity in that it is directly linked to the development of health disparities and sustaining such disparities over time (Swope & Hernández, 2019). With a high demand for systems that support care provision and public health, supporting affordable housing will have a huge market value and, therefore, a good value for money. Is your assignment devastating you ? Get in touch with us at eminencepapers.com. Our homework help will save you tons of time and energy required for your assignment papers.

Comparing the Value with Other Alternatives under Consideration

The other considerable alternative to the housing crisis is to improve the accessibility of housing mortgage funds to the general population. Providing affordable housing is a more sustainable solution to the housing crisis than providing mortgage funding because mortgages are a financial risk if provided to a portion of the population struggling with housing, as they can lead to further financial distress and defaults.

Stakeholders and Political Inputs

The main stakeholders include the state government, local governments, local communities, the judiciary, Congress, the media, the public, interest groups, and related experts. Political inputs are factors that influence how the stakeholders interact (McLaughlin & McLaughlin, 2019). Political inputs may include political elements such as political campaigns, fundraising for campaigns, elections, constituent relations, political party agendas, the economy and its influence on government budgeting, political trading, and idiosyncratic personal factors (McLaughlin & McLaughlin, 2019).

Political Feasibility and Economic Viability of the Housing Problem

The housing problem is a social problem felt across the U.S. This creates a state of collective agreement among all actors in the government, the political power systems, the public, and other actors, including the media and experts, on the need to resolve the housing problem. Regarding the economic viability of affordable housing, resolving the housing crisis will attract high construction costs. Project investment decisions are made based on estimated return on investment (ROI) (McLaughlin & McLaughlin, 2019). A negative ROI means the project is not economically viable. However, housing is a social good that creates an infrastructure for care accessibility (Power & Mee, 2019). As housing is a determinant of the health of individuals and access to health (Power & Mee, 2019), resolving the housing issue not only resolves homelessness, it improves access to healthcare, improves healthcare maintenance, reduces the burden of disease on both the system and the individual with long-term significant positive economic outcomes.

Practical Information I Learned About Feasibility and Viability

I have learned how various actors, the authorizing environment, resources, expected costs, and value of outcomes practically determine the feasibility and viability of a decision or a policy. I will apply aspects of feasibility and viability when choosing between patient care plan alternatives. I will also apply both aspects when advocating for patients at the facility level or pushing for policy considerations.

References

McLaughlin, C. P., & McLaughlin, C. D. (2019). Health Policy Analysis: An Interdisciplinary Approach (3rd ed.). Jones & Bartlett.

Power, E. R., & Mee, K. J. (2019). Housing: an infrastructure of care. Housing Studies, 35(3), 484–505. https://doi.org/10.1080/02673037.2019.1612038

Swope, C. B., & Hernández, D. (2019). Housing as a determinant of health equity: A conceptual model. Social Science & Medicine, 243, 112571. https://doi.org/10.1016/J.SOCSCIMED.2019.112571

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Political Feasibility and Economic Viability – Housing Crisis

McLaughlin & McLaughlin 2019

Chapter 8
Chapter 9
Chapter 10
Chapter 11

Module 2 Discussion
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Topic: Political Feasibility and Economic Viability

Reference: Review assigned readings in McLaughlin and McLaughlin (2019).

Setting/Background: Policy and process analysis involves allocating scarce resources. Evaluating political feasibility can be one of the most challenging steps in policy development. Policy choices are proposed, considered, adopted, and implemented in sociopolitical contexts that are complex, subjective, and dynamic. They are difficult to quantify or to analyze. This makes reliable prediction of whether policies have a realistic chance of being successfully implemented almost impossible. Stakeholder analysis or mapping identifies the major actors that “populate the political stage.

Pick a social problem topic and answer the following questions in the discussion forum:

What value will we be getting for the money?
How does the value compare with other alternatives under consideration?
Identify all the stakeholders and political inputs.
Differentiate between your issue’s political feasibility and economic viability using clear and simple language.
What practical information did you learn about feasibility and viability from these chapters, and how will you/could you use it in your nursing practice?