9/28 Ed Stromberg

Regional Perspectives on the Federal Approach to Preserving Affordable Housing Near Transit Denver, Co Tuesday 28, 2010 Edwin Stromberg Disclaimer: I thank everyone inside and outside of HUD who provided me with information, data and guidance; but I am solely responsible for the use and interpretation of the data provided.

Walk Score ®
What is a walk score?
A Walk score measures how walkable an address is to various amenities.
How is it measured?
Each amenities is given a point number and is awarded point depending on how close they are to the amenities. Full points for .25 mile or less and Zero points for over a mile.

Walk Score ®
What are the amenities are in the walk score?
Schools
Grocery store
Shopping areas
Parks
Post offices
Banks
and more

Walk Score ®
Limitations of Walk scores methods:
Distance is measured as the crow flies and does not take actual walk distance into account.
Does not account for quality of life in the algorithm.
Does not concern the size and quality of the stores.

Transit Score ®
What is a Transit Score?
It measures the “usefulness” of the transit system (rail, bus, etc.) to a given address
How is a Transit Scores calculated?
Distance to transit
Schedule and frequency of transit
How many locations have transit score
57 cities

Transit Score ®
Limitations of Transit scores methods:
Only 57 cities have transit score.
Commute times are the considered.
Were the transit goes

Scoring Transit Score Description 90–100 Rider's Paradise — World-class public transportation. 70–89 Excellent Transit — Transit is convenient for most trips. 50–69 Good Transit — Many nearby public transportation options. 25–49 Some Transit — A few nearby public transportation options. 0–24 Minimal Transit — It is possible to get on a bus. Walk Score Description 90–100 Walker's Paradise — Daily errands do not require a car. 70–89 Very Walkable — Most errands can be accomplished on foot. 50–69 Somewhat Walkable — Some amenities within walking distance. 25–49 Car-Dependent — A few amenities within walking distance. 0–24 Car-Dependent — Almost all errands require a car.

Programs
FHA Green Retrofit
M2M Green Initiative
FHA Mark to Market
202 and 811
HOPE VI
HOME
220

Methodology
I use the whole data set when possible
I selected a random sample from the HUD database for the data sets that were large.
Input the data into walkscore.com
Score the score based on walkscore.com scoring systems.

FHA Green Retrofit
Recovery Act’s Green Retrofit Program for Multifamily Housing provide funding for green retrofits on affordable housing properties.
Total number of projects: 167
Total cost of the program:$138 million
Total number of units: 13,060
These number includes the entire Green Retrofit through 2009
Sample size: All

FHA Green Retrofit Walk Scores Walker's Paradise 8.38% Very Walkable 29.34% Somewhat Walkable 32.93% 70.66% Car-Dependent 20.96% Very Car-Dependent 8.38% 29.34%

FHA Green Retrofit Transit Scores * Only 12.6% of sample transit score Rider's Paradise 5 14.71% Excellent Transit 9 26.47% Good Transit 8 23.53% 64.71% Some Transit 12 35.29% 35.29%

FHA Mark to Market
Mark to Market program is meant to preserve low-income affordability by:
Reduce rent in projects
Restructure mortgage so it could be support by reduce rent
Rehab project
Total number of projects: 1,177
Total programs investment: $335 million
These number includes the entire Mark to Market through 2009
Sample size: 373

FHA Mark to Market Walk Scores Walker's Paradise 5.63% Very Walkable 19.03% Somewhat Walkable 21.98% 46.65% Car-Dependent 35.39% Very Car-Dependent 17.96% 53.35%

FHA Mark to Market Transit Scores * Only 12.6% of sample transit score Rider's Paradise 31.91% Excellent Transit 23.40% Good Transit 25.53% 80.85% Some Transit 19.15% 19.15%

M2M Green Initiative
Mark to Market Green Initiative program is meant to preserve low-income affordability with green improvements by:
Reduce rent in projects
Restructure mortgage so it could be support by reduce rent
Rehab project
Total programs investment: $7.5 million
Sample size: ALL
Very Walkable 40.00% Somewhat Walkable 26.67% 66.67% Car-Dependent 20.00% Very Car-Dependent 13.33% 33.33%

202 and 811

202 and 811 Walk Scores Walker's Paradise 5.31% Very Walkable 15.49% Somewhat Walkable 32.74% 53.54% Car-Dependent 31.42% Very Car-Dependent 15.04% 46.46%

202 and 811 Transit Scores * Only 12.8% of sample transit score Rider's Paradise 17.24% Excellent Transit 13.79% Good Transit 27.59% 58.62% Some Transit 34.48% Minimal Transit 6.90% 41.38%

HOPE VI
HOPE VI program eliminates severely distressed public housing projects by providing fund for:
Demolition
Major reconstruction
Rehabilitation
Replacement housing
Management improvements
Etc.
Sample size: All
The number includes the entire HOPE VI program

HOPE VI Walk Scores Walker's Paradise 12.92% Very Walkable 34.17% Somewhat Walkable 30.42% 77.50% Car-Dependent 17.92% Very Car-Dependent 4.58% 22.50%

HOPE VI Transit Scores * Only 30.8% of sample transit score Rider's Paradise 16.22% Excellent Transit 21.62% Good Transit 50.00% 87.84% Some Transit 10.81% Minimal Transit 1.35% 12.16%

HOME
The HOME program provides money enable afford housing for low income and very low income families by:
Helping with down payments
Tennant-based assistance
Housing rehab
Assistance to homebuyers
And new construction of housing
Etc.
Total number of projects: 1,415
Total value of the projects: $1.5 Billion
These number includes all the HOME rental projects through 2009 ( 80% of projects are 20 unit or greater)

HOME Walk Scores Walker's Paradise 41.75% Very Walkable 39.81% Somewhat Walkable 14.56% 96.12% Car-Dependent 3.88% 3.88%

HOME Transit Scores * Only 74% of sample transit score Rider's Paradise 48.68% Excellent Transit 30.26% Good Transit 21.05% 100.00%

220
Section 220 insured loans used to finance mortgages for housing in urban renewal areas, in which local government has tried to revitalize by:
Altering
repair
Improve housing in those areas
Total number of projects in the pipeline: 62
Total value of the programs: $2.46 Billion
These number includes the entire 220 program
Sample size of analyst: All

220 Pipeline Walk Scores Walker's Paradise 37.29% Very Walkable 42.37% Somewhat Walkable 15.25% 94.92% Car-Dependent 5.08% 5.08%

220 Pipeline Transit Scores * Only 34% of sample transit score Rider's Paradise 30.00% Excellent Transit 30.00% Good Transit 30.00% 90.00% Some Transit 10.00% 10.00%

Scource: national housing trust

9/28 Ed Stromberg

by National Housing Conference & the Center for Housing Policy on Oct 07, 2010

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9/28 Ed Stromberg — Presentation Transcript