Lacoe, Johanna; Bostic, Raphael W.; Acolin, Arthur. (2018). Crime and Private Investment in Urban Neighborhoods. Journal Of Urban Economics, 108, 154 – 169.
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Abstract
The question of how best to improve neighborhoods that lag behind has drawn considerable attention from policy-makers, practitioners, and academics, yet there remains a vigorous debate regarding the best approaches to accomplish community development. This paper investigates the role crime policy plays in shaping the trajectory of neighborhoods. Much of the existing research on neighborhood crime was conducted in rising-crime environments, and the evidence was clear: high levels of crime have adverse effects on neighborhoods and resident quality of life, This study examines how private investment in neighborhoods in two cities Chicago and Los Angeles changed as the incidence of neighborhood crime changed during the 2000s, a period when crime was declining city-wide in both places. Using detailed blockface-level data on the location of crime and private investments between 2006 and 2011, the analysis answers the question: Do changes in crime affect private development decisions? The results show that private investment, as represented by building permits, decreases on blocks where crime increases in the past year. We also find that the relationship between crime and private investment is not symmetric private investment appears to only be sensitive to crime in rising crime contexts. The result is present in both cities, and robust to multiple definitions of crime and the elimination of outliers and the main commercial district. These results suggest that crime-reduction policies can be an effective economic development tool, but only in certain neighborhoods facing specific circumstances.
Keywords
Enterprise Zones; Crime; Investment; Neighborhoods
Acolin, Arthur. (2020). Owning vs. Renting: The Benefits of Residential Stability? Housing Studies, 37(4), 644-647.
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Abstract
In housing research, owning, as compared to renting, is generally depicted as more desirable and associated with better outcomes. This paper explores differences in outcomes between owners and renters in 25 European countries and whether these differences are systematically smaller in countries in which owners and renters have more similar levels of residential stability (smaller tenure length gap). The results indicate that the direction of the relationship between tenure type and the selected outcomes is largely similar across countries. Owners generally exhibit more desirable outcomes (including life satisfaction, civic participation, educational outcomes for children, and physical and mental health). However, when looking at the relationship between outcomes and country level differences in tenure length gap, findings suggest that renters have outcomes that are more similar to owners in countries in which tenure length gaps are smaller. These results point to the potential benefits of policies that would increase residential stability, particularly for renters.
Keywords
European Union; Homeownership Benefits; Length Of Residence; Tenure; Home-ownership; Homeownership
Acolin, Arthur; Colburn, Gregg; Walter, Rebecca J. (2022). How Do Single-Family Homeowners Value Residential and Commercial Density? It Depends. Land Use Policy, 113.
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Abstract
This paper develops estimates of the relationship between local density and single-family home values using 2017 transactions for five U.S. metropolitan regions: Chicago, Los Angeles, Minneapolis, Philadelphia, Seattle. Proposals to build new commercial and residential development projects that would increase local density commonly face opposition from local homeowners. Academic literature links the response from homeowners to concerns that higher density is associated with lower property values but there is limited empirical evidence establishing this relationship at the local level. We find a positive and significant relationship between density and house value in the core area of the five metropolitan regions we analyze. Within 7.5 miles of the center of these metropolitan regions, a 10% increase in surrounding built area density is associated with a 1.1–1.9% increase in house prices per square foot. For outlying areas, the estimates are smaller and even negative in several cases. We instrument density based on topographic and soil characteristics and find similar results. These findings point to the need for a more nuanced discussion of the relationship between local density and housing values.
Keywords
Population Density; Soil Density; Single Family Housing; Home Ownership; Housing Development; Housing Discrimination; Home Prices; Los Angeles (calif.); Density; Single-family House Value; Urban Form; Residential Development; Real Estate; Property Values; Residential Density; Development Programs; Housing; Estimates; Metropolitan Areas; Development Projects; Empirical Analysis; Families & Family Life; Soil Characteristics
El-Anwar, Omar; Chen, Lei. (2013). Computing a Displacement Distance Equivalent to Optimize Plans for Postdisaster Temporary Housing Projects. Journal Of Construction Engineering And Management, 139(2), 174 – 184.
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Abstract
Residence in temporary housing is a critical period for the social, economic, and psychological recovery of displaced families following disasters. Temporary housing locations define the displacement distance between families and their essential needs. The objective of this paper is to develop a novel methodology to capture the specific proximity needs and preferences of displaced families. This paper proposes a displacement distance equivalent as an objective metric to evaluate the performance of temporary housing locations in meeting the needs of displaced families. Moreover, the paper describes the development of an integer programming optimization model capable of optimizing temporary housing assignments to minimize total displacement distance equivalent while meeting budget constraints. The main contribution of this paper to the body of knowledge is in transforming the purpose of temporary housing programs from offering general accommodation to providing customized housing solutions tailored to the individual proximity needs of each household using the proposed displacement metric. In addition, the proposed optimization model enables decision makers to set budget constraints to ensure the economic feasibility of identified temporary housing solutions. DOI: 10.1061/(ASCE)CO. 1943-7862.0000601. (C) 2013 American Society of Civil Engineers.
Keywords
Disasters; Emergency Management; Integer Programming; Social Sciences; Displaced Families; Customized Housing Solutions; Decision Makers; Displacement Metric; Budget Constraints; Integer Programming Optimization Model; Objective Metric; Temporary Housing Locations; Post-disaster Temporary Housing Projects; Displacement Distance Equivalent Computation; Multiobjective Optimization; Optimization; Temporary Housing; Disaster Recovery; Displacement Distance; Housing Sites
Walter, Rebecca J. (2018). Consolidating Zip Codes For Small Area Fair Market Rents: A Method For Implementing The New Rule. Housing Policy Debate, 28(4), 553 – 571.
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Abstract
Fair Market Rents (FMRs), calculated for an entire metropolitan region, are used to establish payment standards for the Housing Choice Voucher (HCV) program. In response to recent criticism that FMRs do not represent rent disparity and restrict households from moving to high-opportunity areas, a new rule introducing Small Area Fair Market Rents (SAFMRs) has been issued. SAFMRs are based on ZIP codes to reflect local market rents and increase the number of payment standards used to administer the HCV program. The purpose of this research is to determine whether the number of payment standards can be reduced by consolidating ZIP codes, while adhering to the primary objectives of the SAFMR rule. The ZIP code grouping process conducted offers one method for reducing the number of payment standards needed to implement the new rule; however, the rent analysis reveals the over- and underestimation of SAFMRs for some ZIP codes.
Keywords
Vouchers; Price; U.S Department Of Housing And Urban Development; Housing Choice Voucher Program; Fair Market Rents; Small Area Fair Market Rents; Standards; Markets; Payments; Housing; Households; Criticism; Metropolitan Areas; Postal Codes; State Court Decisions; Rents; Housing Policy; Rules
Gu, Naeun. (2020). Korean Apartment Complexes and Social Relationships of the Residents. Housing Studies, 35(8), 1362 – 1389.
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Abstract
Korean apartment housing, where more than half of the population lives, has drawn attention with its spatial, historical, and cultural uniqueness. Among many questions on Korean apartments, this article explains how the socio-spatial characteristics of apartment housing have impacts on the social relationships among the residents. This article first analyses the historical, socio-cultural, and spatial characteristics of Korean apartments, and then synthesizes up-to-date empirical study results to examine how the diverse characteristics can be associated with the residents' social relations. The empirical evidence clarifies the effects of Korean apartments' characteristics on residents' social relations-the exclusive complex design, spatial configurations, shared spaces including community facilities, heights of the units, public/private housing types, social homogeneity, and community programs are all associated with social relations of the residents. Key methodological problems in current studies as well as implications for future apartment planning are highlighted.
Keywords
Housing; Homogeneity; Shared Space (traffic Engineering); Empirical Research; Sociocultural Theory; High-rise High-density; Korean Apartments; Residents; Social Relationships; Socio-spatial Characteristics; Built Environment; South-korea; Neighborhood; Community; Health; City; Place; Density; Seoul; Configuration Management; Apartments; Uniqueness; Social Relations; Empirical Analysis; Characteristics
Alfalah, Abdullah; Eamonn D’arcy; Heinig, Steffen; Stevenson, Simon. (2022). Modelling Housing Market Fundamentals And The Response To Economic And Political Events: Empirical Evidence From Kuwait. International Journal Of Housing Markets And Analysis, 15(4), 736 – 761.
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Abstract
Purpose > The purpose of this paper is to examine the sensitivity of the Kuwait housing market to major local and regional geo-political and economic events. Design/methodology/approach > This paper examines the market dynamics of the housing market in Kuwait. Kuwait provides an interesting market to consider owing to its position as a major oil producer, its sensitivity to geo-political events and its unusual demographic characteristics. Findings > The error-correction model highlights that market is relatively volatile, with evidence of mean-reverting behaviour. Only when the data is smoothed are their more consistent findings with respect to underlying fundamentals. This paper also examines the response of the market to seven regional and local events. Of particular interest is that the one event that results in a consistent significant response is domestic legislation directly concerned with housing. This has a far greater impact than local or regional geo-political events. Originality/value > Very few papers have considered how economic and political shocks directly impact housing markets using an event study approach. Given its geographic location and also its economic dependence on oil, Kuwait is an interesting market to consider.
Keywords
Politics; Regional Development; Population; Legislation; Housing; Sensitivity; Error Correction; Housing Prices; Impact Analysis; Emerging Markets; Economic Models; Gross Domestic Product--gdp; Reits; Economic Growth; Petroleum Production; Geographical Locations; Middle East; United States--us; Kuwait
The Population Health Initiative has announced the award of 11 Tier 1 pilot grants for the spring quarter of 2022. The grants are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Residential Segregation and Pediatric Injury and Violence in Seattle, Spokane, and Tacoma” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate….
The Population Health Initiative has announced the award of eight Tier 2 pilot grants, which are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Assessing National Public Housing Authority Disaster Preparedness, Response and Recovery of Place-based Subsidized Housing Units,” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate. Walter serves as a…
Gregg Colburn, Assistant Professor of Real Estate, co-authored a new book titled Homelessness is a Housing Problem, alongside journalist Clayton Aldern. The new book explores the factors that drive homelessness, and the cultural and economic shift that can ultimately benefit all — housed and unhoused. Colburn believes housing market conditions — specifically, high housing and rental prices, and low vacancy rates — exacerbate economic and personal challenges for society’s most vulnerable. And it’s the housing market, aided by the private…