Your SlideShare is downloading. ×
9/28 Ed Stromberg
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

9/28 Ed Stromberg

736
views

Published on

Presentation from Partners in Innovation Policy Forum in Denver, CO on September 28, 2010.

Presentation from Partners in Innovation Policy Forum in Denver, CO on September 28, 2010.


0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
736
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
5
Comments
0
Likes
1
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 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.
  • 2.  
  • 3.  
  • 4. 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.
  • 5. Walk Score ®
    • What are the amenities are in the walk score?
      • Schools
      • Grocery store
      • Shopping areas
      • Parks
      • Post offices
      • Banks
      • and more
  • 6. 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.
  • 7. 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
  • 8. Transit Score ®
    • Limitations of Transit scores methods:
      • Only 57 cities have transit score.
      • Commute times are the considered.
      • Were the transit goes
  • 9. 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.
  • 10. Programs
    • FHA Green Retrofit
    • M2M Green Initiative
    • FHA Mark to Market
    • 202 and 811
    • HOPE VI
    • HOME
    • 220
  • 11. 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.
  • 12. 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
  • 13. 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%
  • 14. 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%
  • 15. 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
    • Total number of units: 98,660
    • These number includes the entire Mark to Market through 2009
    • Sample size: 373
  • 16. 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%
  • 17. 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%
  • 18. 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 number of projects: 15
    • Total programs investment: $7.5 million
    • Total number of units: 1,278
    • Sample size: ALL
    Very Walkable 40.00% Somewhat Walkable 26.67% 66.67% Car-Dependent 20.00% Very Car-Dependent 13.33% 33.33%
  • 19. 202 and 811
  • 20. 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%
  • 21. 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%
  • 22. HOPE VI
    • HOPE VI program eliminates severely distressed public housing projects by providing fund for:
      • Demolition
      • Major reconstruction
      • Rehabilitation
      • Replacement housing
      • Management improvements
      • Etc.
    • Total number of projects: 239
    • Sample size: All
    • Total number of units: 102,227
    • The number includes the entire HOPE VI program
  • 23. 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%
  • 24. 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%
  • 25. 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
    • Total number of units: 37,744
    • These number includes all the HOME rental projects through 2009 ( 80% of projects are 20 unit or greater)
  • 26. HOME Walk Scores Walker's Paradise 41.75% Very Walkable 39.81% Somewhat Walkable 14.56% 96.12% Car-Dependent 3.88% 3.88%
  • 27. HOME Transit Scores * Only 74% of sample transit score Rider's Paradise 48.68% Excellent Transit 30.26% Good Transit 21.05% 100.00%
  • 28. 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
    • Total number of units: 11,645
    • These number includes the entire 220 program
    • Sample size of analyst: All
  • 29. 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%
  • 30. 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%
  • 31. Scource: national housing trust