Urban Planning

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Browsing Urban Planning by Subject "Discounted Pay Back Period Method,"

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    Based on the Case of a Slum* Area Set for On-Site Resettlement in 'Ambient' Locality of Addis Keteam** Sub City, Addis Ababa, Ethiopia
    (Addis Ababa university, 2019-07) Delesa, Naol; Yilma, Mesfin
    This study tested the feasibility of on-site resettlement based housing project where it applied affordability as an indicator. For the purpose of applying the test it used a slum locality around Abinet area in Addis Ababa, Ethiopia as a study case in point. Abinet is located in Addis Ketema Sub city (among the 10 Sub Cities of Addis Ababa) of Wereda 01 (among the 116 Woredas in Addis Ababa where a Woreda is the smallest administrative unit). Abinet is one of the old inner-city neighborhoods of Addis Ababa. The study employed housing expenditure-to-income ratio to determine housing affordability and discounted pay-back period method as a financial tool to test the feasibility of the project. A to scientific sampling scheme was applied to select representative samples from which data was collected by using mixed instruments including site visit, semi structured questionnaire, key informant interview checklist, literature review schedules and other techniques. Accordingly, these instruments were administered on 113 randomly selected respondents and 10 key informants in addition to an adequate mix of literature or appropriate references as secondary data sources. Processing and analysis of data was made by using SPSS where generated statistics like frequency and percentages were made use of. Additionally, ethnography and narrative approaches were also applied. The findings of the study indicated that, on-site resettlement is a successful scheme. Broadly speaking, given the findings and analyses of this study, on-site resettlement is seen as an important part of inner-city slum renewal strategy that it maintains socioeconomic wellbeing of the residents while providing affordable housing for all income levels, improving the physical condition of slum areas in addition to changing the image of the city thus fostering livability and better times. According to the analysis of sampled respondents data, discounted pay-back period of the project is three years and four months where it is found that residents have the motivation/willingness and the ability to finance their own resettlement.