A New Financial Architecture for Developing Mixed-income Housing in Massachusetts PDF Download

Author: Adnani-Rofougaran Adnani
Publisher:
ISBN:
Category :
Languages : en
Pages : 260

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Author: Alastair Smith
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Category : Housing
Languages : en
Pages : 58

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Author: Roger S. Waldon
Publisher:
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Category :
Languages : en
Pages : 86

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Author: Eric Nakajima
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Category : Cities and towns
Languages : en
Pages : 61

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Author: Eric Nakajima
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ISBN:
Category : Cities and towns
Languages : en
Pages : 0

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... "Communities throughout Massachusetts confront the challenge of increasing housing opportunities for people with low- and moderate-income while also ensuring that the residential and commercial development that does occur in towns has, at worst, a neutral impact on the cost of public services."; "New construction raises concerns that the taxes generated by new housing will not offset the demand for services from the housing's occupants."; Massachusetts law allows developers to override local zoning when a communities does not have at least 10% affordable housing as a percentage of the town's housing stock so they can build mixed-income developments as long as they contain a set minimum percent of low-income housing; this is " ... an analysis of the historical impact that mixed-income home ownership developments have had on the municipal budgets. Recent surveys have shown that a majority of Massachusetts residents believe that affordable housing will increase municipal costs, especially, especially public school expenses. Recent studies have documented the great fiscal stress that Massachusetts cities and towns confront and the difficult choices that communities have to make to provide services to their residents. The purpose of this study is to further understanding of the impact that mixed-income development have on municipal costs and to offer a framework for planning future development."; "The UMass Donahue Institute used a case study approach to analyze the historical fiscal impact of mixed-income homeownership developments constructed in Massachusetts during the past fifteen years."; does a detailed analysis of eight (8) developments in seven (7) towns: Brookline (Kendall Crescent) // Falmouth (Nickey Lane and Fresh Pond Farms) // Northampton (Pine's Edge) // Peabody (Stoneybrook) // Sandwich (Sherwood Forest) // Wellesley (Edgemoor Circle) // Wilmington (Buckingham Estates) ...

Author:
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Category : Federal aid to Indians
Languages : en
Pages : 372

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Author: Aaron Gornstein
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ISBN:
Category : Housing
Languages : en
Pages : 110

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Author: Christopher Masahiko Moyer
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Category :
Languages : en
Pages : 0

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Amid soaring home prices caused by rampant speculation in high-cost cities like Cambridge, middle-income households are being squeezed harder than ever. Faced with a housing market structured around binaries between renting/owning and market-rate/affordable housing (income- and price-restricted), middle-income households are left with increasingly few options. Neither private developers nor public-sector entities currently serve their needs. Limited-equity cooperatives (LECs) move beyond these binaries. LECs provide a form of self-governed housing, incorporating elements of renting and owning, designed for permanent affordability with limited wealth building via economic sharing. But LECs also facilitate social and spatial sharing through practices (collective decision making, shared meals, and childcare help) enabled by architecture (open space, common kitchen, and play facilities). LECs can thus endow residents with the benefits of collective control, affordability, and social support through the combination of decommodification and architectural design. LECs have existed in the United States for over a century. Apart from a few local exceptions, however, the model has never been scaled for a middle-income clientele, due to a lack of financial and institutional support. "Building on a literature review of US housing history and interviews with residents, policy makers, and developers, ""Expanding Architectures of Sharing"" argues that LECs can again serve middle-income households if institutions with the financial means and development expertise collaborate. Specifically, this thesis focuses on the healthcare industry and public housing authorities and imagines the following scenario: Members of the Massachusetts Nurses Association union petition the Cambridge Health Alliance, which has been hard pressed to hire staff due to exorbitant housing prices, to offer its surface level parking lot on Line Street for development; The Cambridge Housing Authority is focused on low-income rental housing, but is driven by an entrepreneurial spirit to broaden its impact; A joint venture between the two CHAs provides the financial and institutional support necessary to build a new mixed-use LEC, developed and managed by the Housing Authority." By embracing the interrelated tenets of economic, social and spatial sharing, the LEC provides a living environment not possible in either market-rate or traditional affordable developments. Organized around four distinct open spaces, the project combines a rental building for hospital interns and a cooperative building for an array of household sizes and incomes. A daycare, retail spaces, and below-grade parking offer public uses. The proposal reveals the untapped opportunity of institutions and housing authorities to expand architectures of sharing through middle-income LECs.

Author: Massachusetts. Executive Office of Communities and Development
Publisher:
ISBN:
Category : Housing policy
Languages : en
Pages : 86

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...Describes the organization of the Dept. of Community Affairs; sets forth major goals...

Author: Judith M. Feinstein
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 236

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