Affordable Housing
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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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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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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Since 2011, ESI has provided the New Jersey Housing Mortgage and Finance Agency (NJHMFA) with on-call management services for multifamily housing developments. ESI leads the analysis of compliance with Public Law 2008, c. 46 (A500 ACS), which requires an analysis of the finances of the proposed project to answer the question “Are the profits from […]
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