Ramiller, Alex; Acolin, Arthur; Walter, Rebecca J.; Wang, Ruoniu. (2022). Moving to Shared Equity: Locational Outcomes for Households in Shared Equity Homeownership Programs. Housing Studies, 44586.
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Abstract
Abstract The impact of U.S. housing policy on household locational outcomes has primarily been studied in the context of rental housing assistance programs, but the impact of alternative homeownership models is less fully explored. In this study, we assess residential trajectories for households that have participated in shared-equity homeownership (SEH) programs such as Community Land Trusts and Limited Equity Housing Cooperatives. We examine changes in neighborhood characteristics that occur when households enter and exit SEH units, and compare those outcomes with similar households that entered traditional homeownership or continued to rent. We find that while entering SEH is associated with decreases in neighborhood opportunity measures, exiting SEH is associated with improvements in key measures including lower concentrations of poverty. We conclude that while entering SEH may entail moving to lower-opportunity neighborhoods, participation in SEH programs increases the long-term economic and socio-spatial mobility of participating households by enabling them to access a broader array of neighborhood contexts in their subsequent move. [ABSTRACT FROM AUTHOR]; Copyright of Housing Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Keywords
Community Land Trusts; Geographies Of Opportunity; Locational Outcomes; Residential Mobility; Shared-equity Homeownership
Acolin, Arthur; Wachter, Susan. (2017). Opportunity and Housing Access. Cityscape, 19(1), 135 – 150.
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Abstract
This article examines the relationship between employment opportunity and housing affordability. Access to locations with high-productivity jobs is increasingly limited by regional housing affordability barriers. Recent articles demonstrate a new regional divergence in access to high-productivity regions accompanied by declines in worker mobility associated with affordability barriers. We update these findings and discuss their long-term implications for economic opportunity and intergenerational welfare. We show that areas, from which lower-income households are increasingly priced out, are also more likely to have higher levels of intergenerational mobility. Access to opportunity also continues to be challenged within metropolitan areas as the gentrification of downtown neighborhoods is accompanied by an increase in concentrated poverty in outlying city neighborhoods and inner ring suburbs. These trends on regional and local scales derive from the increased importance of place in the knowledge-based economy and interact to reinforce growing spatial inequality. We conclude with a discussion of the importance of identifying place-based solutions to counter growing spatial inequality of opportunity.]
Acolin, Arthur; Bricker, Jesse; Calem, Paul; Wachter, Susan. (2016). Borrowing Constraints and Homeownership. The American Economic Review, 106(5), 625 – 629.
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Keywords
Borrowing Constraints, Homeownership, Credit Supply
Ruoniu (Vince) Wang is an Assistant Professor in the Runstad Department of Real Estate in the College of Built Environments at the University of Washington. He studies spatial justice and inclusive communities, including their impacts reflected in the built environment, human behaviors, and policy interventions. Vince joined the University of Washington after serving six years as the research manager and director in a national non-profit organization Grounded Solutions Network. He has designed and conducted a U.S. Census of inclusionary housing policies, a U.S. census of community land trusts, and a national performance evaluation of shared equity homeownership programs. His research expands to policy evaluation for the two largest federal assisted housing rental programs in the U.S.: the Low-Income Housing Tax Credit program and the Housing Choice Voucher program. Vince grounds his research with applied tools to democratize data for low-income communities.
Sohn, Dong Wook; Moudon, Anne Vernez; Lee, Jeasun. (2012). The Economic Value of Walkable Neighborhoods. Urban Design International, 17(2), 115 – 128.
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Abstract
This study investigated how the benefits of a walkable neighborhood were reflected in the American real estate market by examining the economic values of urban environmental factors supporting walking activities. Property values were used as a proxy measure for economic value and analyzed in relation to land use characteristics that have been known to correlate with walking at the neighborhood scale. Four aspects of the built environment supporting walking were included in the analyses: development density, land use mix, public open space and pedestrian infrastructure. Hedonic models were employed where the property value was regressed on the measures of the four sets of correlates of walking in a neighborhood. Models were estimated for four land use types - single-family residential, rental multi-family residential, commercial and office. The findings did not support previous arguments that increasing density weakens the quality of a neighborhood. To the contrary, the positive association of higher development density with the value of single-family residential properties detected in King County suggested that high development density might increase surrounding property values. The pedestrian infrastructure and land use mix significantly contributed to increases in rental multi-family residential property values. Higher development density with higher street and sidewalk coverage were also favored by retail service uses. In relation to land use mix, mixing retail service uses and rental multi-family residential uses helped make rental housings more attractive. URBAN DESIGN International (2012) 17, 115-128. doi:10.1057/udi.2012.1; published online 4 April 2012
Keywords
Land-use; Physical-activity; Travel Behavior; Smart Growth; Mode Choice; Urban Form; Walking; Gis; Transportation; Accessibility; Mixed Land Use; Neighborhood; Urban Design
Sun, Feiyang; Mansury, Yuri S. (2016). Economic Impact of High-Speed Rail on Household Income in China. Transportation Research Record, 2581, 71 – 78.
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Abstract
Although developed only in the past 20 years, Chinese high-speed rail (HSR) has overtaken many of its forerunners in its unprecedented scale. However, such a scale raises questions about its implications for regional economic development. Previous studies have discussed the impact of HSR at the regional and city levels, but few have addressed its impact on the individual level, which is crucial for understanding the distribution of the impact. To fill the gap, this study focused on the economic impact of recent HSR development between 2009 and 2012 on Chinese household income and discussed its significance, magnitude, and distribution. The survey data from the China Family Panel Survey were used and a difference-in-differences approach was implemented. Two key explanatory variables, weighted average travel time and probability of living proximate to HSR stations, were included in the models to examine the direct and spillover impacts of HSR. The study shows that these impacts both contribute to the HSR impact but affect urban and rural regions and production sectors differently. In particular, the spillover effect or the agglomeration effect contributes the most and favors more urbanized regions with stronger service sectors. As a consequence, although HSR plays a positive role in stimulating the regional economy, it may further widen the gap between developed regions and underdeveloped regions. From the analyses, it is concluded that HSR projects need more comprehensive studies of the full spectrum of its impact to ensure both economic growth and regional balance and coordination.
Reina, Vincent; Acolin, Arthur; Bostic, Raphael W. (2019). Section 8 Vouchers and Rent Limits: Do Small Area Fair Market Rent Limits Increase Access to Opportunity Neighborhoods? An Early Evaluation. Housing Policy Debate, 29(1), 44 – 61.
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Abstract
One critique of the U.S. Department of Housing and Urban Development (HUD)'s Housing Choice Voucher program is that its maximum rent limit is set at the metropolitan level, making more expensive neighborhoods effectively off limits to households who receive rental assistance. As a result, the design of the program limits a voucher household's access to opportunity neighborhood. In response, HUD created the Small Area Fair Market Rent (SAFMR) demonstration program, which calculates the maximum voucher rent at the zip code level so that HUD's rent limits more closely align with local neighborhood rents. In theory, this program should improve a voucher household's choice set and location outcomes. Looking at changes in the location of beneficiaries in the six sites that participated in the SAFMR demonstration program, we find a significant amount of regional variation in the results. Specifically, introduction of the SAFMR rent calculations results in voucher households living in higher opportunity neighborhoods in Dallas, Texas, in lower opportunity neighborhoods in Chattanooga, Tennessee, and mixed effects in other areas. These mixed results highlight some of the potential incremental benefits of the program and reinforce the importance of viewing this policy over a longer period of time, and in the context of other constraints voucher households face in accessing neighborhood opportunity.
Keywords
Choice; Mobility; Families; Live; Section 8; Low-income Housing; Subsidized Housing; Vouchers; Neighborhood; Access; Markets; Mathematical Analysis; Federal Agencies; Urban Development; Housing; Households; Neighborhoods; Rents; Limitations; Beneficiaries; Housing Subsidies; United States--us; Dallas Texas; Chattanooga Tennessee
Born, Branden; Berney, Rachel; Baker, Olivia; Jones, Mark R.; King, Donald; Marcus, Dylan. (2021). Pushing Back on Displacement: Community-Based Redevelopment through Historically Black Churches. Societies, 11(1).
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Abstract
Gentrification and subsequent displacement are common problems in cities, and result in the removal of poor communities and communities of color from urban areas as they move to cheaper locations in the metropolitan region. Here we describe a community-based approach to redevelopment by historic Black churches that seeks to counter such displacement and cultural removal. We explain the history of a historically Black neighborhood in Seattle and the founding and rationale for a church-led project called the Nehemiah Initiative. Our perspective is that of participants in the work of the Nehemiah Initiative and as faculty and students from a local university partner supporting it. We conclude with policy strategies that can be used to support such redevelopment in Seattle, with understanding that some may be broadly applicable to other cities.
Keywords
Black Churches; Community Based; Displacement; Equitable Development; Faith Based; Gentrification; Housing Affordability; Redevelopment; University-community Partnership
Migliaccio, Giovanni C.; Guindani, Michele; D’Incognito, Maria; Zhang, Linlin. (2013). Empirical Assessment of Spatial Prediction Methods for Location Cost-Adjustment Factors. Journal Of Construction Engineering & Management, 139(7), 858 – 869.
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Abstract
In the feasibility stage of a project, location cost-adjustment factors (LCAFs) are commonly used to perform quick order-of-magnitude estimates. Nowadays, numerous LCAF data sets are available in North America, but they do not include all locations. Hence, LCAFs for unsampled locations need to be inferred through spatial interpolation or prediction methods. Using a commonly used set of LCAFs, this paper aims to test the accuracy of various spatial prediction methods and spatial interpolation methods in estimating LCAF values for unsampled locations. Between the two regression-based prediction models selected for the study, geographically weighted regression analysis (GWR) resulted the most appropriate way to model the city cost index as a function of multiple covariates. As a direct consequence of its spatial nonstationarity, the influence of each single covariate differed from state to state. In addition, this paper includes a first attempt to determine if the observed variability in cost index values could be at least partially explained by independent socioeconomic variables. (C) 2013 American Society of Civil Engineers.
Keywords
Construction Industry; Interpolation; Regression Analysis; Socio-economic Effects; Spatial Prediction Methods; Location Cost-adjustment Factors; Empirical Assessment; Lcaf; Order-of-magnitude Estimates; North America; Unsampled Locations; Spatial Interpolation Methods; Geographically Weighted Regression Analysis; Gwr; Independent Socioeconomic Variables; Inflation; Indexes; Estimation; Geostatistics; Construction Costs; Planning; Budgeting
Yocom, Ken P.; Andrews, Leann; Faghin, Nicole; Dyson, Karen; Leschine, Thomas; Nam, Jungho. (2016). Revitalizing Urban Waterfronts: Identifying Indicators For Human Well-being. Aims Environmental Science, 3(3), 456 – 473.
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Abstract
Waterfront cities worldwide have begun the process of regenerating and developing their formerly industrial waterfronts into land uses that reflect a post-industrial economic vision of mixed urban uses supporting a diverse economy and wide range of infrastructure. These revitalization projects require distinct planning and management tactics to determine project-defined successes inclusive of economic, ecological, and human well-being perspectives. While empirically developed templates for economic and ecological measures exist, the multi-dimensionality and subjective nature of human well-being is more difficult to assess. Through an extensive review of indicator frameworks and expert interviews, our research proposes an organizational, yet adaptable, human well-being indicators framework for the management and development of urban waterfront revitalization projects. We analyze the framework through the lens of two waterfront projects in the Puget Sound region of the United States and identify several key factors necessary to developing project-specific human well-being indicator frameworks for urban waterfront revitalization projects. These factors include: initially specify goals and objectives of a given project, acknowledge contextual conditions including prospective land uses and projected users, identify the stage of development or management to use appropriate indicators for that stage, and develop and utilize data sources that are at a similar scale to the size of the project.
Keywords
Quality-of-life; City Waterfront; Dimensions; Framework; Science; Policy; Urban Waterfront Revitalization; Human Well-being; Indicators; Design And Management