affordable housing
Throughout American history, homeownership has been cherished as a symbol of wealth, community, and achievement. Additionally, affordable rental units are crucial as they provide stable housing and alleviate financial burden. However, today, the goal of owning a home and even finding affordable housing options is becoming increasingly elusive for millions nationwide. An alarming shortage of homes […]
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Housing is a crucial aspect of society. Unfortunately, the costs of housing can be so disproportionately high relative to income levels that people simply can’t comfortably afford it. Not only is housing affordability a concern in many US metropolitan areas, it is a concern across the globe. With the large number of individuals and families […]
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Econsult Solutions Principal Richard Voith recently published a paper in the Journal of Housing Economics examining the property value impacts of affordable housing developments financed by Low-Income Housing Tax Credits (LIHTC). The LIHTC program is the U.S.’s largest funding source for affordable housing production, with an annual totaling of more than $8 billion. LIHTC developments […]
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The Philadelphia Housing Authority (PHA) and Hunt-Pennrose Sharswood, LLC are redeveloping housing units in the Sharswood Choice Neighborhood of Philadelphia. Phase 3 of the multi-year redevelopment project brings 217 safe, high quality, affordable housing units to a neighborhood with conveniences and access to public transit. As part of the redevelopment process, Hunt-Pennrose Sharswood, LLC retained […]
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Principal and Founder Richard Voith along with Senior Analyst Jing Liu coauthored a paper named “Is More Affordable Housing Better? The Housing Price Effects of Concentrating LIHTC Developments in Los Angeles” and was presented at the Association for Public Policy and Management Research Conference on November 12. This is one of the products of […]
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About Practical Knowledge for Complex Analyses Econsult Solutions’ real estate practice marries academic-level rigor with real world experience to provide government and private sector clients with a wide range of analyses, advice, planning, and presentation. The Latest Insights Property Value and Impact Studies Crucial to determining the underlying value of assets is a deep understanding […]
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