- The document analyzes housing affordability data from ZIP code 78704 in Austin.
- It finds that housing price is most strongly correlated with size and age of the home. Only condos built before 1972 are around $200,000, the price affordable to median income.
- Increasing housing supply or density alone will not make housing affordable given current construction costs and market prices. The real issue is socioeconomic and requires broader policies to raise incomes.
The document discusses creating a presentation on affordable housing. It provides stock photos showing current realities of housing conditions for the poor in developing countries. It also presents sample stories about how access to affordable housing has positively transformed people's lives by improving their health, safety, income and social situations. The document requests adding narratives to the stories and finding appropriate photos. It provides facts on the large need and market size for affordable housing solutions in developing nations.
Produced by a partnership between real estate organizations and environmentalists, uses compelling visuals that show how compact development can create vibrant neighborhoods. And it shows how everyone can personally benefit from higher-density development—even those who live in single-family houses nearby.
The document summarizes how two cities that were once similar in size to Columbia, Boulder, CO and Springfield, MO, have grown and addressed challenges of increasing populations. Boulder chose to strictly control growth through taxes and land acquisition, limiting expansion to 1% annually, while Springfield faced issues from a lack of available land and faulty development plans, slowing its growth rate in half since 2000. Both cities look to increase density and sustainable development to manage future growth.
CDFA - Best Tax Credit Financed ProjectSDSSlideshare
The document describes the Second Line Stages project in New Orleans, which constructed a sustainable film production studio using New Markets Tax Credits. It created over 2,800 direct jobs and 2,600 indirect jobs while generating millions in tax revenues. The project helped diversify the local economy after Hurricane Katrina devastated the city's tourism industry, and also provided training to local at-risk youth.
The document discusses the subprime mortgage crisis that began in the early 2000s and led to a recession. It describes how many Americans took out subprime mortgages that they could not afford once rates adjusted higher. This caused a surge in foreclosures that hurt the housing and construction industries. While the crisis began in 2001, its effects were not fully felt until 2007 when home prices declined significantly and the economy entered a recession. Recent investments in housing developments suggest a possible recovery, but many are still dealing with the financial impacts of the crisis years later.
The document discusses how new financing options from the Virginia Housing Development Authority (VHDA) are enabling mixed-use and mixed-income development projects across Virginia. The expanded VHDA loan program allows properties to serve residents of a broader range of incomes, including market-rate tenants. Examples of projects utilizing these new loans include the South Sixteen development in Roanoke, which transformed a brownfield site into apartments and retail space, and the adaptive reuse of a historic office building in Norfolk. Local officials comment on how the new options are encouraging revitalization in their communities.
Creating Housing Opportunity
Creating a range of housing opportunities and choices is a major principle of Smart Growth, as stated by the Smart Growth Network, a coalition of more than 30 organizations including the U.S. Environmental Protection Agency, Smart Growth America and the NATIONAL ASSOCIATION OF REALTORS®.
The document discusses creating a presentation on affordable housing. It provides stock photos showing current realities of housing conditions for the poor in developing countries. It also presents sample stories about how access to affordable housing has positively transformed people's lives by improving their health, safety, income and social situations. The document requests adding narratives to the stories and finding appropriate photos. It provides facts on the large need and market size for affordable housing solutions in developing nations.
Produced by a partnership between real estate organizations and environmentalists, uses compelling visuals that show how compact development can create vibrant neighborhoods. And it shows how everyone can personally benefit from higher-density development—even those who live in single-family houses nearby.
The document summarizes how two cities that were once similar in size to Columbia, Boulder, CO and Springfield, MO, have grown and addressed challenges of increasing populations. Boulder chose to strictly control growth through taxes and land acquisition, limiting expansion to 1% annually, while Springfield faced issues from a lack of available land and faulty development plans, slowing its growth rate in half since 2000. Both cities look to increase density and sustainable development to manage future growth.
CDFA - Best Tax Credit Financed ProjectSDSSlideshare
The document describes the Second Line Stages project in New Orleans, which constructed a sustainable film production studio using New Markets Tax Credits. It created over 2,800 direct jobs and 2,600 indirect jobs while generating millions in tax revenues. The project helped diversify the local economy after Hurricane Katrina devastated the city's tourism industry, and also provided training to local at-risk youth.
The document discusses the subprime mortgage crisis that began in the early 2000s and led to a recession. It describes how many Americans took out subprime mortgages that they could not afford once rates adjusted higher. This caused a surge in foreclosures that hurt the housing and construction industries. While the crisis began in 2001, its effects were not fully felt until 2007 when home prices declined significantly and the economy entered a recession. Recent investments in housing developments suggest a possible recovery, but many are still dealing with the financial impacts of the crisis years later.
The document discusses how new financing options from the Virginia Housing Development Authority (VHDA) are enabling mixed-use and mixed-income development projects across Virginia. The expanded VHDA loan program allows properties to serve residents of a broader range of incomes, including market-rate tenants. Examples of projects utilizing these new loans include the South Sixteen development in Roanoke, which transformed a brownfield site into apartments and retail space, and the adaptive reuse of a historic office building in Norfolk. Local officials comment on how the new options are encouraging revitalization in their communities.
Creating Housing Opportunity
Creating a range of housing opportunities and choices is a major principle of Smart Growth, as stated by the Smart Growth Network, a coalition of more than 30 organizations including the U.S. Environmental Protection Agency, Smart Growth America and the NATIONAL ASSOCIATION OF REALTORS®.
- The passage discusses the future of housing demand and neighborhoods, arguing that demand will increase for more urban, mixed-use, and transit-oriented developments while demand for suburban housing may decline.
- New urbanist developers face challenges in the short-term from the recession and oversupply of suburban lots, but have good long-term prospects as generations like Millennials prefer more urban lifestyles and demographic trends shift away from large families.
- Government programs are helping to coordinate transportation and land use planning to better support more sustainable development.
The document proposes four multi-trillion dollar paths to a thriving America: 1) Sovereign money or debt-free money, 2) Land value taxation (Georgism), 3) Public banking, and 4) Ending government financial asset hoarding. Each path is estimated to be worth over $1 trillion per year. The document then provides more details on sovereign money, land value taxation, and public banking. It argues that sovereign money could fund infrastructure and social programs without inflation. It explains how land value, not buildings, determines home values and proposes taxing land values instead of wages and sales. It also outlines the benefits of public banking compared to private banks, using the Bank of North Dakota as an example
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
Mexico City's population has grown quickly due to rural-to-urban migration as people leave tough rural living for more economic opportunities in the city. This migration has been caused by both national and international factors as companies open new factories near Mexico City, drawing more people. Impacts of migration on Mexico City include the creation of ethnic enclaves, pressure on housing as migrants settle both near the city center and on the outskirts, and services straining to support Mexico City's young and growing population.
2.24.11 mayor ballard delivers 2011 state of the city addressAbdul-Hakim Shabazz
Mayor Ballard delivered his 2011 State of the City address, highlighting Indianapolis' economic progress and job growth in 2010 despite challenges. He discussed attracting over 8,700 new job commitments and $900 million in investments last year, the most in over a decade. Ballard also addressed redevelopment plans for the shuttered GM stamping plant and continuing job training programs. He emphasized maintaining a strong fiscal position through budget cuts and balanced budgets while still investing in infrastructure like parks, pools and sewers.
Marketing to the Chinese 70s, 80s and 90s generationsMSL
The document analyzes differences in values, psychology, and habits between Chinese consumers born in the 1970s, 1980s, and 1990s based on focus groups conducted by MSL China. Each generation grew up in vastly different stages of China's development and views the world differently, with the 1970s prioritizing family, the 1980s valuing friends, and the 1990s seeing themselves as individuals. The document provides implications for communicators, recommending targeting family activities to the 1970s, following trends accessibly for the 1980s, and enabling high interaction for the 1990s.
This document presents the argument for establishing a public bank. It begins by outlining budget problems faced by states and municipalities, noting that the Federal Reserve will not bail them out. It then discusses why a public bank, like North Dakota's, is a solution. North Dakota's bank earns profits for the state while supporting community banks and economic growth. In contrast, large private banks engage in risky derivatives trading and do not significantly support local communities through lending. The document advocates for states to establish their own public banks as a safer alternative.
This is a contextual design research class project at College for Creative Studies MFA Program. (Team members: Roy KaiSheng Chuang, Xiaoran Yao, Yi Jiang, Colin Pan)
• Conducted the STEEP (Social, Technological, Economic, Environmental and Political) analysis.
• Defined the future scenario of ownership in terms of demographics, Taiwan - China relationship and mineral earth for China from 2022 back to 2012.
- City finance officers report that the fiscal condition of most cities has improved in 2013 compared to 2012 as the economic recovery continues. However, challenges remain such as high unemployment, pension obligations, and uncertainty about federal spending.
- While city revenues declined for most of the past decade, a small increase is projected for 2013 as property, sales, and income tax revenues experience slow growth. Expenditures are also expected to rise slightly.
- Factors placing pressure on city budgets include increasing costs for healthcare, pensions, and infrastructure, while federal and state aid levels have decreased for many cities. To address these issues, cities have increased fees and made cuts to personnel costs.
Long Island's Needs for Multifamily HousingHR&A Advisors
HR&A and the Regional Plan Association's report for the Long Island Index studies the current multifamily housing market, and the needs to accommodate Long Island's future growth and economic prosperity.
The Art of Skid Row: A Campaign to Shift the Public Perception of Homelessness.Colton Boettcher
The Art of Skid Row is a tool to reference the need for a new system of housing. Through this book, the human element of Homelessness + Urban Poverty become a visceral experience. The Art of Skid Row is an awareness campaign designed to shift the public perception of homelessness. Homelessness is a human rights issue. The fundamental truth of homelessness is humans not having homes. Whatever arguments or roadblocks against the development of affordable housing across the planet; this book serves as a reminder to the human element of the issue we are discussing. With the vision of our partner photographers; we take you on a journey to understand the underlying roots, causes and experiences of homelessness.
The document outlines a plan for sustainable urban development in the United States by 2030. It notes that the US population is expected to grow by 94 million people by 2030, requiring nearly 60 million new housing units. It advocates for higher-density, mixed-use development as a way to accommodate growth, reduce sprawl, and create more livable communities with a variety of housing and transportation options. The plan calls for stakeholders including elected officials, businesses, and citizens to support changes to zoning and policies to encourage this new development model.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
Luxury home prices have plateaued while middle-class home prices have appreciated 5% in the past year. Utahns' confidence in the economy decreased slightly in January while rising nationally, with Utahns more positive about future conditions than present. A new coworking space concept is growing and providing affordable shared office space for small businesses and startups.
This document summarizes information about the housing crisis in the United States, with a focus on the "missing middle" type of housing. It discusses trends showing rising home prices and cost-burdened households in New Jersey from 2000-2015. It also examines data demonstrating underproduction of housing units in New Jersey during this period. The document outlines key housing demand demographics over the next 20 years and characteristics of missing middle housing types. It explores challenges to developing missing middle housing and financial considerations regarding zoning and fiscal impacts.
This document is a proposal submitted to the Mayor of Oak Valley, Texas requesting funding for road improvements. It provides background on the town's poor road conditions and lack of funding. A survey of residents found majority support a small tax to fund road repairs. The proposal explores funding options and recommends the only viable one is a small city tax, as grants require local funding matches that the town currently can't provide without a tax in place.
Kirk Caldwell is running for Mayor of Honolulu. He has over 30 years of experience in both the private and public sectors, including serving as the House Majority Leader and Managing Director for the City and County of Honolulu. As Mayor, Caldwell aims to improve traffic solutions, better manage the city's infrastructure projects like rail and road repairs, and bring hands-on leadership to City Hall to more efficiently address issues facing Honolulu residents.
Challenges & Opportunities in Housing and Homeownership Nar Res
Moderator: NAR Chief Economist Lawrence Yun
Panelists:
James Shilling, PhD, Institute for Housing Studies, DePaul University
Lisa Sturtevant, PhD, Center for Regional Analysis, George Mason University
Margaret McFarland, JD, Colvin Institute of Real Estate Development University of Maryland
Lucy Gorham, PhD, Center for Community Capital, University of North Carolina
The document discusses Canadian household debt levels, which have risen substantially in recent decades. It finds that while a U.S.-style debt crisis is unlikely, Canadian personal indebtedness has become excessive relative to economic models. Growth in personal debt must slow relative to income growth over the coming years or risks of future deleveraging will increase. Both demand and supply factors have contributed to rising household debt. Demand increased due to lower rates, wealth effects, demographics, and cultural shifts. Supply increased through financial innovation, competition, and relaxed lending rules. International peers also saw rising debt, though the U.S. and U.K. experienced housing bubbles and deleveraging.
This summary provides an overview of the key points from the document:
1. The document discusses how Pope John Paul II decided to become a priest, focusing on a scene from the movie about his life.
2. In the scene, Karol (Pope John Paul II's original name) is dealing with World War 2 and believes violence should not be met with violence. He prays several times as he considers his path.
3. Karol ultimately chooses to become a priest, despite having potential for other careers. His father was very religious, influencing Karol's faith.
The document discusses promoting the planning, design, and construction of a wider range of housing unit types to adequately house all income levels and age groups. It also encourages energy efficiency in new and existing housing and ensuring new housing developments are protected from potential flood hazards. The summary is as follows:
The document discusses promoting housing that meets the needs of all income levels and age groups through a wider range of housing unit types. It also promotes energy efficiency in housing and protecting new developments from flooding.
The cost of living in Brisbane, Australia is discussed. Brisbane has a population of over 2 million residents. There are approximately 544 schools in Brisbane, most being government schools but also Catholic, co-ed, and single-sex schools. Housing prices have increased significantly in recent years, with the median house price over $600,000. Rent for a one-bedroom apartment in the city center ranges from $300-500 per week. Groceries and dining out are generally more expensive than other Australian cities. Transportation includes buses, trains, ferries, and the city has invested in infrastructure like bike paths. Utilities are relatively expensive compared to other countries.
- The passage discusses the future of housing demand and neighborhoods, arguing that demand will increase for more urban, mixed-use, and transit-oriented developments while demand for suburban housing may decline.
- New urbanist developers face challenges in the short-term from the recession and oversupply of suburban lots, but have good long-term prospects as generations like Millennials prefer more urban lifestyles and demographic trends shift away from large families.
- Government programs are helping to coordinate transportation and land use planning to better support more sustainable development.
The document proposes four multi-trillion dollar paths to a thriving America: 1) Sovereign money or debt-free money, 2) Land value taxation (Georgism), 3) Public banking, and 4) Ending government financial asset hoarding. Each path is estimated to be worth over $1 trillion per year. The document then provides more details on sovereign money, land value taxation, and public banking. It argues that sovereign money could fund infrastructure and social programs without inflation. It explains how land value, not buildings, determines home values and proposes taxing land values instead of wages and sales. It also outlines the benefits of public banking compared to private banks, using the Bank of North Dakota as an example
This document presents four multi-trillion dollar paths to a thriving America based on the book "America is Not Broke". The four paths are: 1) Sovereign Money, which argues the government should create debt-free money; 2) Land Value Taxation, which advocates taxing the value of land; 3) Public Banking; and 4) Ending Government Financial Asset Hoarding. The document focuses on explaining Sovereign Money and Land Value Taxation in more detail. It argues that governments could fund public services through collecting $5.3 trillion in economic rent from land rather than through other taxes.
Mexico City's population has grown quickly due to rural-to-urban migration as people leave tough rural living for more economic opportunities in the city. This migration has been caused by both national and international factors as companies open new factories near Mexico City, drawing more people. Impacts of migration on Mexico City include the creation of ethnic enclaves, pressure on housing as migrants settle both near the city center and on the outskirts, and services straining to support Mexico City's young and growing population.
2.24.11 mayor ballard delivers 2011 state of the city addressAbdul-Hakim Shabazz
Mayor Ballard delivered his 2011 State of the City address, highlighting Indianapolis' economic progress and job growth in 2010 despite challenges. He discussed attracting over 8,700 new job commitments and $900 million in investments last year, the most in over a decade. Ballard also addressed redevelopment plans for the shuttered GM stamping plant and continuing job training programs. He emphasized maintaining a strong fiscal position through budget cuts and balanced budgets while still investing in infrastructure like parks, pools and sewers.
Marketing to the Chinese 70s, 80s and 90s generationsMSL
The document analyzes differences in values, psychology, and habits between Chinese consumers born in the 1970s, 1980s, and 1990s based on focus groups conducted by MSL China. Each generation grew up in vastly different stages of China's development and views the world differently, with the 1970s prioritizing family, the 1980s valuing friends, and the 1990s seeing themselves as individuals. The document provides implications for communicators, recommending targeting family activities to the 1970s, following trends accessibly for the 1980s, and enabling high interaction for the 1990s.
This document presents the argument for establishing a public bank. It begins by outlining budget problems faced by states and municipalities, noting that the Federal Reserve will not bail them out. It then discusses why a public bank, like North Dakota's, is a solution. North Dakota's bank earns profits for the state while supporting community banks and economic growth. In contrast, large private banks engage in risky derivatives trading and do not significantly support local communities through lending. The document advocates for states to establish their own public banks as a safer alternative.
This is a contextual design research class project at College for Creative Studies MFA Program. (Team members: Roy KaiSheng Chuang, Xiaoran Yao, Yi Jiang, Colin Pan)
• Conducted the STEEP (Social, Technological, Economic, Environmental and Political) analysis.
• Defined the future scenario of ownership in terms of demographics, Taiwan - China relationship and mineral earth for China from 2022 back to 2012.
- City finance officers report that the fiscal condition of most cities has improved in 2013 compared to 2012 as the economic recovery continues. However, challenges remain such as high unemployment, pension obligations, and uncertainty about federal spending.
- While city revenues declined for most of the past decade, a small increase is projected for 2013 as property, sales, and income tax revenues experience slow growth. Expenditures are also expected to rise slightly.
- Factors placing pressure on city budgets include increasing costs for healthcare, pensions, and infrastructure, while federal and state aid levels have decreased for many cities. To address these issues, cities have increased fees and made cuts to personnel costs.
Long Island's Needs for Multifamily HousingHR&A Advisors
HR&A and the Regional Plan Association's report for the Long Island Index studies the current multifamily housing market, and the needs to accommodate Long Island's future growth and economic prosperity.
The Art of Skid Row: A Campaign to Shift the Public Perception of Homelessness.Colton Boettcher
The Art of Skid Row is a tool to reference the need for a new system of housing. Through this book, the human element of Homelessness + Urban Poverty become a visceral experience. The Art of Skid Row is an awareness campaign designed to shift the public perception of homelessness. Homelessness is a human rights issue. The fundamental truth of homelessness is humans not having homes. Whatever arguments or roadblocks against the development of affordable housing across the planet; this book serves as a reminder to the human element of the issue we are discussing. With the vision of our partner photographers; we take you on a journey to understand the underlying roots, causes and experiences of homelessness.
The document outlines a plan for sustainable urban development in the United States by 2030. It notes that the US population is expected to grow by 94 million people by 2030, requiring nearly 60 million new housing units. It advocates for higher-density, mixed-use development as a way to accommodate growth, reduce sprawl, and create more livable communities with a variety of housing and transportation options. The plan calls for stakeholders including elected officials, businesses, and citizens to support changes to zoning and policies to encourage this new development model.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
Luxury home prices have plateaued while middle-class home prices have appreciated 5% in the past year. Utahns' confidence in the economy decreased slightly in January while rising nationally, with Utahns more positive about future conditions than present. A new coworking space concept is growing and providing affordable shared office space for small businesses and startups.
This document summarizes information about the housing crisis in the United States, with a focus on the "missing middle" type of housing. It discusses trends showing rising home prices and cost-burdened households in New Jersey from 2000-2015. It also examines data demonstrating underproduction of housing units in New Jersey during this period. The document outlines key housing demand demographics over the next 20 years and characteristics of missing middle housing types. It explores challenges to developing missing middle housing and financial considerations regarding zoning and fiscal impacts.
This document is a proposal submitted to the Mayor of Oak Valley, Texas requesting funding for road improvements. It provides background on the town's poor road conditions and lack of funding. A survey of residents found majority support a small tax to fund road repairs. The proposal explores funding options and recommends the only viable one is a small city tax, as grants require local funding matches that the town currently can't provide without a tax in place.
Kirk Caldwell is running for Mayor of Honolulu. He has over 30 years of experience in both the private and public sectors, including serving as the House Majority Leader and Managing Director for the City and County of Honolulu. As Mayor, Caldwell aims to improve traffic solutions, better manage the city's infrastructure projects like rail and road repairs, and bring hands-on leadership to City Hall to more efficiently address issues facing Honolulu residents.
Challenges & Opportunities in Housing and Homeownership Nar Res
Moderator: NAR Chief Economist Lawrence Yun
Panelists:
James Shilling, PhD, Institute for Housing Studies, DePaul University
Lisa Sturtevant, PhD, Center for Regional Analysis, George Mason University
Margaret McFarland, JD, Colvin Institute of Real Estate Development University of Maryland
Lucy Gorham, PhD, Center for Community Capital, University of North Carolina
The document discusses Canadian household debt levels, which have risen substantially in recent decades. It finds that while a U.S.-style debt crisis is unlikely, Canadian personal indebtedness has become excessive relative to economic models. Growth in personal debt must slow relative to income growth over the coming years or risks of future deleveraging will increase. Both demand and supply factors have contributed to rising household debt. Demand increased due to lower rates, wealth effects, demographics, and cultural shifts. Supply increased through financial innovation, competition, and relaxed lending rules. International peers also saw rising debt, though the U.S. and U.K. experienced housing bubbles and deleveraging.
This summary provides an overview of the key points from the document:
1. The document discusses how Pope John Paul II decided to become a priest, focusing on a scene from the movie about his life.
2. In the scene, Karol (Pope John Paul II's original name) is dealing with World War 2 and believes violence should not be met with violence. He prays several times as he considers his path.
3. Karol ultimately chooses to become a priest, despite having potential for other careers. His father was very religious, influencing Karol's faith.
The document discusses promoting the planning, design, and construction of a wider range of housing unit types to adequately house all income levels and age groups. It also encourages energy efficiency in new and existing housing and ensuring new housing developments are protected from potential flood hazards. The summary is as follows:
The document discusses promoting housing that meets the needs of all income levels and age groups through a wider range of housing unit types. It also promotes energy efficiency in housing and protecting new developments from flooding.
The cost of living in Brisbane, Australia is discussed. Brisbane has a population of over 2 million residents. There are approximately 544 schools in Brisbane, most being government schools but also Catholic, co-ed, and single-sex schools. Housing prices have increased significantly in recent years, with the median house price over $600,000. Rent for a one-bedroom apartment in the city center ranges from $300-500 per week. Groceries and dining out are generally more expensive than other Australian cities. Transportation includes buses, trains, ferries, and the city has invested in infrastructure like bike paths. Utilities are relatively expensive compared to other countries.
This document provides an overview of housing microfinance and its role in improving living standards for those suffering from poor infrastructure. It analyzes current organizations involved in housing microfinance and evaluates the impact it has had at local, national, and international levels. Specific case studies are discussed, such as programs in Kenya, India, and organizations partnered with Rooftops Canada that have helped thousands of households through loans and increased access to capital and land.
Essay Examples For University Admission SiteKatrina Duarte
The mind map summarizes four key marks of the early Church: One, Holy, Catholic, and Apostolic. It focuses on illustrating these distinguishing characteristics that indicated the early Church was one unified body, set apart as holy, universal or catholic in nature, and founded upon the teachings of the apostles. The mind map provides high-level insights into the core defining features of the early Christian Church according to church doctrine.
The document discusses creating a presentation on affordable housing. It provides stock photos showing the realities of poverty in developing countries, including poor housing conditions, health risks, and low incomes. It also presents sample stories about individuals whose lives improved through access to affordable housing, such as improved health, safety, income, and community. The document seeks input on adding narratives and statistics to strengthen the presentation.
The document discusses inclusionary housing policies and programs. It provides details on Montgomery County, Maryland's successful Moderately Priced Dwelling Unit program which has resulted in over 12,500 affordable units. It also discusses the growth of inclusionary housing programs nationally, with over 400 jurisdictions having some form of program. The biggest programs are in states like California, New Jersey, and Massachusetts. It argues for the relevance of inclusionary housing policies in Florida to address the mismatch between housing costs and what residents can afford.
9 principal unlocking the future of capital markets123jumpad
The document discusses four trends that will influence future capital markets:
1) Aging populations seeking income will increase demand for fixed income and real estate assets.
2) Urbanization and re-urbanization trends will see people moving to cities in developing nations for jobs and a middle class lifestyle, while millennials in developed nations prefer urban living over suburbs.
3) Structural oversupply of manufactured goods and commodities due to increased productivity and smarter consumption could lead to lower inflation.
4) Advances in technology and infrastructure like driverless cars may make current infrastructure obsolete and impact industries like autos and housing.
Printable Christmas Writing Paper Paper With ChristmLori Head
The document discusses steps to request writing assistance from HelpWriting.net:
1. Create an account with a password and email.
2. Complete a 10-minute order form providing instructions, sources, and deadline.
3. Writers will bid on the request and the client can choose a writer based on qualifications.
4. The client receives the paper and can request revisions to ensure satisfaction. HelpWriting.net offers refunds for plagiarized work.
The document is a presentation about population growth and sustainable development. It argues that the US population will grow by 94 million people by 2030, fueling a major construction boom. It advocates for higher density, mixed-use development as a way to accommodate growth in a sustainable way that preserves green space and infrastructure budgets. Such development mimics existing walkable neighborhoods and meets changing housing preferences like renting and smaller household sizes.
Gentrification is driving up housing prices and decreasing affordability and diversity in local areas. As housing costs rise, existing residents face financial hardship and deprivation of basic needs. To address this issue, the City of Sydney implemented an Affordable Rental Housing State Environmental Planning Policy (SEPP) strategy to protect existing affordable housing and facilitate new affordable housing. The key goals are to increase affordable rental options for low to moderate income households, protect existing low-cost housing, encourage diverse housing, and address affordability at a regional level. Affordable housing is defined as not taking more than 30% of a household's income.
Similar to Household Affordability Code Prescription (11)
I believe that it is our duty to wear a mask during the pandemic and not recklessly expose others in our sphere of influence to Covid-19. If you are interested, read my analysis.
The Lost Creek Civic Organization passed a resolution opposing CodeNEXT 3.0, Austin's proposed rewrite of its land development code. The resolution expressed concerns that CodeNEXT 3.0 would contradict deed restrictions in Lost Creek, increase litigation and degrade the neighborhood. It requested that the City commit to enforcing deed restrictions, reject provisions allowing non-residential uses or increased density, traffic, or impervious cover. The resolution also asked the City to postpone any vote on CodeNEXT 3.0 until more review and analysis could occur.
Lost Creek Wildfire Adapted Community PlanPaul Schumann
The Lost Creek Wildfire Adapted Community Plan aims to improve wildfire preparedness and safety in the Lost Creek neighborhood. The plan seeks to (1) inspect homes in high risk wildland-urban interface areas to assess compliance with firewise standards, (2) educate homeowners on mitigation measures and provide assistance with landscaping/debris removal, and (3) develop an evacuation plan coordinated with other entities in the area and provide education to residents. The plan also aims to conduct fuel reduction projects on public and private lands, advocate for improved emergency response times, and update local development codes to incorporate firewise building standards.
- The document analyzes housing affordability data from ZIP code 78704 in Austin.
- It finds that housing price is most strongly correlated with size and age of the home. Only condos built before 1972 are around $200,000, the price affordable to median income.
- Increasing density or housing diversity alone will not make housing affordable given current market conditions and construction costs. The real issue is socioeconomic and requires broader policies than land development code changes can address.
This document provides definitions and standards for 11 transect zones (T3-T6) that regulate building types, forms, and uses to create walkable urban environments. Each zone is defined by its intent, allowed building types and sizes, setbacks, parking standards, and intended uses. The zones range from low-density residential edges (T3) to high-intensity mixed-use cores (T6).
A Tale of Two Cities (Austin and Seattle)Paul Schumann
The document summarizes recommendations from a Seattle task force on housing affordability and compares planning approaches between Seattle and Austin. It notes that Seattle requires developers to include affordable units, prioritizes affordable housing on public land, and offers subsidies and tax breaks to encourage affordable development and prevent displacement. In contrast, the document argues Austin accepts too much development without ensuring affordability and quality of life. It calls for Austin to update neighborhood plans, engage diverse voices, and require all neighborhoods to participate in housing supply solutions.
by David King
A 2012 study by the City showed that Austin’s zoning capacity would accommodate a doubling of the population. That is apparently not enough for
organizations like the Real Estate Council of Austin
(RECA), Austin Board of Realtors (ABOR), and Austinites For Urban Rail Action (AURA). These groups blame single family zoning for the City’s housing affordability crisis and claim that entrenched neighborhood groups resist any changes to neighborhoods.
Fact Sheets on Fencing for Wildfire MitigationPaul Schumann
Noncombustible fencing materials within 5 feet of a home can help reduce wildfire risks. Combustible fencing can ignite from embers and spread fire to the nearby home. Fencing products made of noncombustible materials like steel or those with designs allowing better air flow are less likely to ignite from embers.
A wildfire adapted community is defined by the United States Forest Service as "a knowledgeable and
engaged community in which the awareness and actions of residents regarding infrastructure, buildings, landscaping, and the surrounding ecosystem lessens the need for extensive protection actions and enables the community to safely accept wildfire as a part of the surrounding landscape." The National Wildfire Coordinating Group definition, which was developed approved by the Wildland Urban Interface Mitigation Committee, is "A human community consisting of informed and prepared citizens collaboratively planning and taking action to safely coexist with wildland fire."
The document provides an assessment of wildfire risk for the Lost Creek community. It analyzes various wildfire risk factors like ignition density, fire intensity, rate of spread, and home defensibility across different areas of Lost Creek. GIS maps are used to visualize the data. Home defensibility is rated based on homeowners' ability to implement wildfire risk reduction measures within 100-200 feet of their homes. The analysis finds that Lost Creek has a serious wildfire risk and many homeowners have limited ability to protect their homes individually. It identifies priority areas for wildfire mitigation based on a combination of wildfire risk factors and home defensibility ratings.
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karnataka housing board schemes . all schemesnarinav14
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Indira awas yojana housing scheme renamed as PMAYnarinav14
Indira Awas Yojana (IAY) played a significant role in addressing rural housing needs in India. It emerged as a comprehensive program for affordable housing solutions in rural areas, predating the government’s broader focus on mass housing initiatives.
1. Household Affordability Prescription
Comments
Introduction
My comments on this prescription are divided into two sections – things that are talked about and
things that are not talked about. My general impression is that this is not a topic that should be
considered a top issue for CodeNEXT. I fear that the emphasis is placing an expectation on CodeNEXT
that it cannot fulfill. Land development code can only have a minor impact on household affordability.
The real issue is socioeconomic. And, that leads to affordability problems. Oversimplified, Austin has a
situation where 50% of its population cannot afford to buy a home in Austin. Over the years, we've
created though our policies and actions a great divide that separates the city economically, socially
geographically and racially into two regions. This is resulting in a forced migration and diversion of
people with less than the median income away from Austin and out into other cities in Travis County
and other counties. This results in increased traffic, and difficulty in providing services, especially
medical care and education. Changing this will require more policies, tools and actions than
CodeNEXT can supply.
Talked About
Subsidies
There are varies types of incentives and subsidies that are being considered. These do not address the
fundamental underlying issue and only act as band aids affecting few people. And, the money from
these programs has to come from either tax payers, redirection of tax revenue or contribution. None of
these methods create new wealth. Large scale application of this type of policy is unacceptable in
today's political environment.
Density or Diversity (missing middle) of Housing
Increased density or diversity of housing does not automatically result in affordability. An analysis1
of
the sales of housing in ZIP 78704 indicates that size and age are the two major factors. This is shown in
Illustrations 1 and 2. For comparison, the approximate affordable housing price for median income in
Austin is about $200,000. In Illustration 1, it is shown that for recent sales of all types of housing in
ZIP 78704 that this is achieved at a size of zero square feet. There are a few examples around $200,000.
By analyzing the data for housing less than $400,000, the effect of age (when the house was built) can
tell us the type and age of housing that achieves that low price. This is shown in Illustration 2. Only
condos built in 1972 or earlier are $200,000 or less. Also note that the trend is for condos, townhouses
and single family forms of housing to be priced very close to one another.
Illustration 3 shows the distribution of housing by type and price. The numbers at the peaks indicate
the average size of the housing. This demonstrates again the effect of form and size of housing on
1 This analysis was made of data provided by Ed Wendler of sales data in ZIP 78704. The complete analysis is available
at https://drive.google.com/open?id=0B2_qS8rhVYnsMzRRMEJHZ0ZPRkE
June 24, 2016 Paul Schumann 1
2. price.
The analysis considered:
• Form (Condo, Single Family, Duplex, Townhouse)
• Address
• MLS#
• Price
• Square Feet
• Price per Square Foot
• Year Built
My overall conclusion was that at least in ZIP 78704 there is no reasonable way given current market
conditions and construction technology to achieve a price of $200,000, a price still not affordable by
50% of Austin.
Supply
I don't think it is possible to lower the price sufficiently enough to be affordable through increased
supply of homes. According to an article in the National Bureau of Economic Research, typical housing
prices exceed housing cost by about 20% in the U.S. If this is true for Austin, then the only way to
achieve lower prices is to reduce the construction cost. Even lowering the profit margin to zero would
not achieve true affordability.
Preservation
Preservation is great for many reasons, but does nothing for affordability. It usually raises the price, as
a restored historic home is more desirable.
Reduced size
This is not practical. At current price/sq ft of $350, a 429 sq ft residence would cost $150,000 and be
affordable at an income level of $46,000.
Reduced parking
Very minor impact and increased inconvenience
Less regulation
Dangerous and I doubt that the trade off between construction costs and safety or durability would be
acceptable.
June 24, 2016 Paul Schumann 2
3. Not Talked About
Renovation
As age of the residence is an important factor, minimum renovation of the old stock of residences
might possible produce lower priced homes, but still not affordable.
Innovation & Technology
Residence construction technology has changed little over recent times. This should be explored and if
there is potential to significantly lower production costs while maintaining other factors, incentives
could be provided to builders to use these new technologies and innovate.
Paradigm Shift
Perhaps it's time to rethink what we define as a residence. For example clusters of smaller residences
could be designed in a way to share some services. For example on Jekyll Island, the homes were built
there with no kitchens and the residents all went to a common club with dining and recreation. Mini
homes and even micro homes (tiny home movement2
) are being constructed that can be transported
complete and placed on a site. And, we always have the prefabricated homes (single and double wide)
that could be permanently placed on designed land. For an extreme version of a new paradigm for
housing with shared services, look at Community First3
in Austin.
Higher Income
In order to affect his factor, I think we have to look beyond jobs and careers. Many people see the
future as “job less”, and work becoming a series of “gigs”, a concept borrowed from the music
industry.4
And, I think we have to always keep in mind that we designing solutions to enhance the lives
of people who now reside in the bottom 50% of Austin's citizens, almost 1 million folks who can't
afford to buy a home in the city. We should reintroduce vocational education back into the public
schools. It is also important to educate people in civics and how civic engagement can change their
world. We should introduce programs at the middle school level to teach the fundamentals of modern
economics such as Exchange City5
. And, introduce creativity and innovation in various forms and
places from K to12.
As a requirement for thriving in a job less economy, learning how to learn throughout a life will be
essential.
I think we should look to some of the extremely poor areas of the world and how they have had success
in economic bootstrapping. Micro loans6
and replacement of money with digital cash comes to mind,
2 http://www.npr.org/2015/02/26/389263274/living-small-in-the-city-with-more-singles-micro-housing-gets-big
3 http://mlf.org/community-first/
4 Gig is slang for a musical engagement hired. Originally coined in the 1920s by jazz musicians, the term, short for the
word "engagement", now refers to any aspect of performing such as assisting with performance and attending musical
performance.
5 Exchange City is the largest hands-on education program in the world with more than 1,000,000 students participating to
date. Created by the Learning Exchange of Kansas City, there are six Exchange City centers in the United States.
6 Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral,
steady employment and a verifiable credit history.
June 24, 2016 Paul Schumann 3
4. for example M-Pesa7
. Innovation creates wealth. We should encourage and facilitate innovation that
uses local resources and returns new or improved resources back into the local area. Resources includes
people, capital, knowledge,natural, facilities, and partners. Methods to establishing community
funding, and business collaboration would be highly desirable.
Don't bring in companies from the outside. Build endeavors from the grass roots and keep the benefits
within the community.
Contact
Paul Schumann
Lost Creek Civic Organization, Inc.
info@lostcreekcivicorganization.org
512.632.6586
www.lostcreekcivicorganization.org
7 M-Pesa (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and
microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network
operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Romania and
in 2015 to Albania. M-Pesa allows users to deposit, withdraw, transfer money and pay for goods and services (Lipa na
M-Pesa) easily with a mobile device.
June 24, 2016 Paul Schumann 4
5. June 24, 2016 Paul Schumann 5
Illustration 1: Price as a Function of Size of House
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
$2,000,000
f(x) = 216954.09 exp( 0 x )
78704
Square Feet
Price
Illustration 2: Price vs Time by Form
6. June 24, 2016 Paul Schumann 6
Illustration 3: Frequency Distribution of Housing Price by Different Form and Price
7. Appendix
Summary
• Data provided by Ed Wendler Jr.
• Analysis by Paul Schumann using:
◦ Watson Analytics8
◦ Open Calc
• Price is a function of year built.
• Average price for condos, duplexes and townhouses are almost the same, and lower than single
family.
• However, averages are misleading.
• Price is a function of year built, but also a function of size of the residence.
• Price is exponentially related to size of residence for all forms, with a lower limit of ~$200K.
• Price is increasing for all forms built after 1960.
• Size of residence is increasing with year built and there is little differentiation in size by form
for modern construction.
• Price per square foot is also and function of time built, form and size of residence.
• Average price per square foot is essentially the same for condos, duplexes and townhouses and
higher for single family residences.
• However, averages are misleading because of the dependence on size of residence.
• For residences priced lower than $400K:
• Price and price per square foot are strongly related to year built and size of residence.
• Condos built in the 1960s and 1970s are now selling for less (and less per square foot) than
townhouses and duplexes, modern condos, duplexes and townhouses are all selling for nearly
the same price and price per square foot.
Conclusions
• Given the existing market conditions in 78704 together with contextual factors such as
transportation and prevailing construction costs, standards and technology, affordability cannot
be practically achieved through density or diversity increases using newly constructed condos,
duplexes and townhouses (without financial incentives).
8 www.ibm.com/analytics/watson-analytics/us-en/
June 24, 2016 Paul Schumann 7
8. * Based on average price per square foot currently ($350) for residences less than $400,000
** Calculator.net, using approximately payments equal to 30% of income, 2.4% IR, 30 year, 10% down
payment, no other debt
*** Using median income of $64,000
Note: Price per square foot is probably not a constant over this range of sizes. It will probably increase
for smaller sizes.
Reference: http://www.calculator.net/house-affordability-calculator.html
Supply and Demand of Residences
“Prices have escalated relative to production costs in various markets over time, with the temporal and
spatial patterns roughly as follows: In 1970, there was no metropolitan area (including New York City
and San Francisco) in the United States in which average house prices exceeded fundamental
production costs by more than 20 percent. Fundamental production costs are defined as the sum of the
physical costs of construction for a basic, modest quality home, plus a 20 percent land share, plus a 17
percent gross profit margin on structure and land costs for the builder (which is typical over the cycle).
By the 1980 census, mean house prices had become much higher than production costs in the major
metropolitan areas along the coast of California. A similar phenomenon occurred during the 1980s in
many east coast markets running from Washington, D.C. to Boston. The 1990s saw the expansion of
this pattern to a very few interior markets, such as Austin and Denver. Even so, average house prices
are still quite close to fundamental production costs in most metropolitan areas.”
http://www.nber.org/reporter/2009number2/gyourko.html
June 24, 2016 Paul Schumann 8