Affordable Housing

How Can Location Intelligence Help Identify Affordable Housing Development Opportunities

March 1, 2024 / Comments Off on How Can Location Intelligence Help Identify Affordable Housing Development Opportunities

The real estate adage “location, location, location” is as relevant today as it has ever been, encapsulating the essence of what makes a property valuable. Traditionally, the real estate market has leaned heavily on local knowledge to decipher urban patterns, historical trends, and the subtle distinctions between neighborhoods and their surrounding environments. This method, while […]

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Factors Affecting Spillover Impacts of LIHTC Developments: An Analysis of Los Angeles

January 11, 2023 / Comments Off on Factors Affecting Spillover Impacts of LIHTC Developments: An Analysis of Los Angeles

Cityscape, the publication platform of U.S. Department of Housing and Urban Development’s Office of Policy Development and Research, has accepted a new paper co-authored in part by ESI Principal Richard Voith and former Associate Director Jing Liu. The paper examines the impact of Low Income Housing Tax Credit (LIHTC) financed development on neighborhood house prices. […]

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affordable housing

The Economics of Housing Affordability

June 24, 2022 / Comments Off on The Economics of Housing Affordability

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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Effects of Concentrated LIHTC Developments on Surrounding House Prices

May 9, 2022 / Comments Off on Effects of Concentrated LIHTC Developments on Surrounding House Prices

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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Market Analysis of Phase 3 of the Sharswood Blumberg Housing Redevelopment

December 1, 2021 / Comments Off on Market Analysis of Phase 3 of the Sharswood Blumberg Housing Redevelopment

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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3 Ways to Make Cities More Inclusive

August 13, 2021 / Comments Off on 3 Ways to Make Cities More Inclusive

Globalization has helped interconnect different regions of the world but has also exacerbated global inequality. People now migrate from one place to another in search of better living conditions. This diaspora of people leads to a growth in the economic base of the place they move to. How can cities better accommodate their citizens economically, […]

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