Open Access. Powered by Scholars. Published by Universities.®

Real Estate Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 21 of 21

Full-Text Articles in Real Estate

The Mountain West: Affordable Housing Opportunities, Kaylie Pattni, Caitlin Saladino, William E. Brown Sep 2019

The Mountain West: Affordable Housing Opportunities, Kaylie Pattni, Caitlin Saladino, William E. Brown

Housing & Real Estate

This fact sheet provides selected data pertaining to the Mountain West region from, The Gap: A Shortage of Affordable Homes, a 2018 report by the National Low Income Housing Coalition. The report includes statistics “based on data from the 2016 American Community Survey (ACS) Public Use Microdata Sample (PUMS). THE ACS is an annual nationwide survey of approximately 3.5 million addresses.”


Introduction, Lorcan Sirr Jan 2018

Introduction, Lorcan Sirr

Articles

Over many decades, it has been rare for a week to pass without housing-related issues being close to, or at, the top of news and political agendas. As everybody has to live somewhere, housing – and its related elements of property, building, planning and finance – is a topic in which everybody has both a stake and an opinion. It is the most personal of subjects – in many respects, our housing shapes our lives.


2017 Real Estate Industry Leader Award, The Editors Jun 2017

2017 Real Estate Industry Leader Award, The Editors

Cornell Real Estate Review

Cornell University and the Baker Program in Real Estate are pleased to announce the recipient of the 2017 Real Estate Industry Leader Award: Jonathan Rose, Founder and President of Jonathan Rose Companies. Rose’s visionary leadership in the areas of sustainability and affordable housing have made him an icon in the real estate industry, and it is our privilege to recognize him with this award.


Community Land Trusts: A Help Or Hindrance To Community Development In The United States, Andrew Kuka Jan 2017

Community Land Trusts: A Help Or Hindrance To Community Development In The United States, Andrew Kuka

Stevenson Center for Community and Economic Development to Stevenson Center for Community and Economic Development—Student Research

The availability of affordable housing in the United States continues to be an issue for Americans who are on the brink of homelessness, rely on housing subsidies, or struggle to pay their mortgages or rents. These issues, as well as the gentrification threat that community development poses to low-income residents can have deleterious effects on democratic participation and community development efforts. One proposed solution to these problems is the implementation of more community land trust programs nationally. This paper will assess the practicality of CLTs, and what such an implementation would mean for individuals, government entities, community members, and community ...


Affordable Housing Policies: An Overview, Anastasia Kalugina Jun 2016

Affordable Housing Policies: An Overview, Anastasia Kalugina

Cornell Real Estate Review

As urban housing markets throughout the United States increasingly exhibit challenges of affordability, federal, state, and local governments have placed renewed emphasis on housing, specifically mixed-income housing, which integrates affordable housing incentives into multifamily development projects. With such incentives, one must wonder what comprises a successful affordable housing policy and how affordable housing can be successfully implemented into a community. This article attempts to answer these questions by detailing the history of affordable housing policies, exploring some of the current affordable housing policies and programs, comparing affordable housing programs from different regions, and discussing some successful affordable housing programs and ...


Determining The Applicability Of 3d Concrete Construction (Contour Crafting) Of Low Income Houses In Select Countries, David Weinstein, Peter Nawara Jun 2015

Determining The Applicability Of 3d Concrete Construction (Contour Crafting) Of Low Income Houses In Select Countries, David Weinstein, Peter Nawara

Cornell Real Estate Review

In addition to showcasing the significance of 3D concrete printing technology, this report seeks to analyze what factors would inhibit, allow for, or facilitate Contour Crafting’s success in select countries. Saudi Arabia and China would be the optimal countries to introduce Contour Crafting based on our Excel-based model that controls for variables related to wealth, size, likelihood to consume, and concrete consumption per capita. Further research on country-specific regulation fosters the hypothesis that Contour Crafting is more likely to succeed in Saudi Arabia than in China. Contour Crafting’s global investing strategy will likely be through a joint venture ...


The Future Of Fannie And Freddie, Mark A. Calabria, Michael E. Levine, David J. Reiss, Lawrence J. White, Mark Willis Jan 2014

The Future Of Fannie And Freddie, Mark A. Calabria, Michael E. Levine, David J. Reiss, Lawrence J. White, Mark Willis

David J Reiss

This is a transcript of a panel discussion titled, “The Future of Fannie and Freddie.” The panelists were Dr. Mark Calabria from the Cato Institute; Professor David Reiss from Brooklyn Law School; Professor Lawrence White from NYU Stern School of Business; and Dr. Mark Willis from NYU’s Furman Center for Real Estate and Urban Policy. The panel was moderated by Professor Michael Levine from NYU School of Law. Panelists looked at economic policy and future prospects for Fannie and Freddie. The remarks have not been edited by the panelists.


Affordable Housing Solutions: Affordable Housing Providers' Perspective, Connie Susilawati, Lynne Armitage Jul 2012

Affordable Housing Solutions: Affordable Housing Providers' Perspective, Connie Susilawati, Lynne Armitage

Lynne Armitage

Accessibility to housing for low to moderate income groups in Australia has experienced a severe decline since 2002. On the supply side, the public sector has been reducing its commitment to the direct provision of public housing. Despite strong demand for affordable housing, limited supply has been generated by non-government housing providers. This paper identifies and discusses some current affordable housing solutions which have been developed by non-government housing providers to ameliorate the problem.This study utilises case studies generated from nineteen housing providers during in-depth interviews in South East Queensland in 2007-2008. The case studies are classified into four ...


Workforce Housing In New York City: A Case Study Of Urban American, Llc, Rachel Wilson Jul 2007

Workforce Housing In New York City: A Case Study Of Urban American, Llc, Rachel Wilson

Cornell Real Estate Review

The challenging task of providing high-quality workforce housing is further complicated in a rent-stabilized housing market such as New York City. Socially conscious, fiscally responsible landlords must conduct major capital improvements and apartment maintenance with an eye toward creating a safe and attractive living environment while also meeting investors’ return expectations. How does a for-profit company add value to its portfolio while managing to keep rents affordable? This case study of Urban American, LLC, examines how one company’s operational model works within rent stabilization laws to create healthy returns and reinvigorate the workforce housing stock in and around New ...


Barriers To Building Partnerships Between Major Stakeholders In Affordable Housing Investment In Queensland, Connie Susilawati, Lynne Armitage Aug 2005

Barriers To Building Partnerships Between Major Stakeholders In Affordable Housing Investment In Queensland, Connie Susilawati, Lynne Armitage

Lynne Armitage

The recent housing boom experienced across Australian metropolitan markets has attracted many new investors and resulted in increasing prices across the full range of residential sub-markets for both owner-occupation and investment categories. Of particular concern from a social perspective is the consequential pressure generated in the affordable housing rental market. This paper reports the results of a survey of affordable housing providers drawn from a range of backgrounds. Using in-depth interviews, it compares the opinions of these supply side groups regarding their experiences of the barriers to entry to affordable housing partnerships. The findings show agreement across the sector that ...


Barriers To Expanding Partnerships For Affordable Rental Housing Investments, Connie Susilawati, Lynne Armitage, Martin Skitmore Jan 2005

Barriers To Expanding Partnerships For Affordable Rental Housing Investments, Connie Susilawati, Lynne Armitage, Martin Skitmore

Lynne Armitage

The recent housing boom, experienced across Australian metropolitan markets, has attracted many new investors and resulted in increasing prices across the full range of residential sub-markets for both owner-occupation and investment categories. Of particular concern from a social perspective is the consequential pressure generated in the affordable housing rental market. Moreover, high vacancy rates and modest rental growth in rental housing has caused a deterioration in the investor’s rental yield given these increasing house prices (Powall and Withers, 2004, p.7).

In this difficult situation, traditional delivery methods for rental housing are unlikely to continue to attract more investment ...


Affordable Housing: Who Supply It?, Connie Susilawati, Lynne Armitage Jan 2004

Affordable Housing: Who Supply It?, Connie Susilawati, Lynne Armitage

Lynne Armitage

At the present time, Queensland is experiencing severe demand pressure on housing stock in the South-Eastern metropolitan region and in many regional and coastal centres. Whilst median house prices are still well below Sydney and Melbourne, Australia’s third largest housing market is showing no signs of slowing in the current economic climate of low interest rates and stable levels of employment. Despite the comparatively good affordability of the Queensland housing stock, access for low income and other disadvantaged and minority groups in the state is being eroded rapidly, partly by increased demand and partly by a loss of base ...


The Repeal Of Rent Control In Malaysia, Saeko Atsumi Jul 2003

The Repeal Of Rent Control In Malaysia, Saeko Atsumi

Cornell Real Estate Review

[Excerpt] Policy Background

A newspaper reported that the Federal Government of Malaysia had indicated its intention of repealing the Control of Rent Act 1966 since the beginning of the 1980s (Kathirasen, 1997), when the current prime minister, Mahathir, took over that position after seeing the economic expansion of the 1970s. Throughout the decades of Mahathir era, the Malaysia Incorporated Policy1 has been intensified to achieve competitive and robust economy moving towards globalization, one that emphasizes the productive relationship between private and public sector. The key concept of this policy is to focus on the liberalization of the Malaysian economy, pursuing ...


Getting Creative About Elderly Housing, Frank O’Hara Jan 2003

Getting Creative About Elderly Housing, Frank O’Hara

Maine Policy Review

In his commentary on Stephen Golant’s article in this issue, Frank O’Hara notes that Golant has very successfully identified the problems of some older homeowners. However, he suggests that the solution Golant proposes—government-assisted rental housing—may apply to only a few members of the group. Moreover, very little government-subsidized rental housing is being built or planned in Maine. Using Golant’s data, O’Hara extrapolates that affordability is the primary problem for older Maine homeowners. He notes that very few are interested in the public policy alternative that would best meet their needs, namely reverse mortgages. However ...


Government-Assisted Rental Accommodations: Should They Accommodate Homeowners With Unmet Needs?, Stephen M. Golant Jan 2003

Government-Assisted Rental Accommodations: Should They Accommodate Homeowners With Unmet Needs?, Stephen M. Golant

Maine Policy Review

Stephen Golant, a national expert on elderly housing concerns, describes the types and seriousness of housing problems facing elders nationally and in Maine. Although older adults are predominantly homeowners, national policymakers often downplay the needs of this group and hand over responsibility to state and local governments. The author reviews arguments that cynics have offered for deemphasizing older homeowners’ needs, and discusses various solutions to meet those needs. He poses the question: Do we unrealistically romanticize aging in place? As the title of the article suggests, Golant proposes that a good solution to the needs of older homeowners is to ...


Maine’S Future Housing Needs: An Mpr Interview With David Lakari, David Lakari Jan 1999

Maine’S Future Housing Needs: An Mpr Interview With David Lakari, David Lakari

Maine Policy Review

Since 1994, David Lakari has been director and chair of the Maine State Housing Authority. The Maine State Housing Authority is an independent state agency and a $1.5 billion financial institution. Its mission is to help Maine’s low- and moderate-income citizens obtain and maintain decent, safe, and affordable housing and services suitable to their needs. In this interview, Lakari focuses on his concerns for the future, in particular, the need to find suitable housing options for one of Maine’s fastest-growing demographic groups—the middle-income elderly. While Maine has been doing a good job of building the capacity ...


A Challenge For The Next Decade: Preserving Affordable Rental Housing, Laura Burns Jan 1999

A Challenge For The Next Decade: Preserving Affordable Rental Housing, Laura Burns

Maine Policy Review

Many of Maine’s low-income families and elderly residents have been able to secure affordable housing with help from a Section 8 certificate, which allows residents to pay no more than 30 percent of their income toward rent and ensures the federal government will make up the difference. Over the years, much of the development of Section 8 housing projects has been assisted by financial incentives and agreements between private and non-profit owners and the federal government. Yet recent changes in federal legislation remove many of these incentives and the agreements that go with them. As a result, some of ...


Community Land Trusts: Permanently Affordable, Resident-Controlled Housing, Fred Stocking Jan 1999

Community Land Trusts: Permanently Affordable, Resident-Controlled Housing, Fred Stocking

Maine Policy Review

Since 1997 Maine has enjoyed one of the highest levels of home ownership in the country. As Fred Stocking points out, homeownership contributes to community stability and provides a sense of security to families. Yet not all of Maine families are able to achieve their dream of homeownership. Community Land Trusts (CLTs) represent an attempt to build community and solve an affordable housing problem for Maine’s low-income residents. CLTs are non-profit organizations that require the joint involvement of residents and non-residents in the housing development and management, and resale price restrictions that keep the housing affordable indefinitely. In this ...


Housing Policies In Maine: A Historical Overview, Frank O’Hara Jan 1999

Housing Policies In Maine: A Historical Overview, Frank O’Hara

Maine Policy Review

Frank O’Hara traces the evolution of Maine’s housing policies from Maine’s settlement after the Revolutionary War to the current era, where concerns about sprawl and the preservation of communities have come to the fore. In doing so, O’Hara points out that the approach to housing has always reflected more than a desire to ensure every person has adequate shelter. Rather, it reflects core values and beliefs about society, our sense of beauty, and our relationship to the environment and one another. O’Hara urges policymakers to keep these broader constructs in mind when addressing Maine’s ...


Ten Years Of Affordable Housing Policy: Is Maine Making Progress-- A Symposium, Elizabeth H. Mitchell, Dennis P. King, James B. Hatch, Jay Hardy Jan 1999

Ten Years Of Affordable Housing Policy: Is Maine Making Progress-- A Symposium, Elizabeth H. Mitchell, Dennis P. King, James B. Hatch, Jay Hardy

Maine Policy Review

In December 1987 Governor McKernan appointed a 30-member, statewide task force to address the issue of affordable housing in Maine. The task force was charged with investigating the quality and cost of affordable housing for lower- and middle-income families, and recommending a set of actions to improve the quality of existing housing as well as to increase the supply of housing. In September 1998 the Task Force issued a report that prescribed a number of local and regional—as well as private and public—solutions to the problem of affordable housing. More than ten years later Maine housing advocates note ...


The Importance Of Moderately Priced Rental Housing To Continued Economic Growth (Or, Portland’S Rental Housing Plight), Erin Maclean Jan 1999

The Importance Of Moderately Priced Rental Housing To Continued Economic Growth (Or, Portland’S Rental Housing Plight), Erin Maclean

Maine Policy Review

Currently, the Greater Portland, Maine area is experiencing a significant shortage in both subsidized rental housing and moderately priced, market-rate rental housing. According to Erin MacLean, the problem is that even with heightened demand, historically low interest rates, and historically high rents, developers are finding that new, market-rate housing is too expensive to build in Portland. The lack of moderately priced housing has affected local business owners as well, who report they are finding it difficult to hire workers in the $8 to $15 range. Their efforts to recruit and retain workers place an upward pressure on wages, which can ...