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Kim, Jeongseob
Urban Planning and Analytics Lab.
Research Interests
  • Housing Policy, Real-estate Development, Urban Regeneration, Urban Analytics, Smart Cities

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Affordability After Subsidies: Understanding the Trajectories of Former Assisted Housing in Florida

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Title
Affordability After Subsidies: Understanding the Trajectories of Former Assisted Housing in Florida
Author
Blanco, Andres G.Kim, JeongseobRay, AnneStewart, CalebChung, Hyungchul
Issue Date
2015-04
Publisher
ROUTLEDGE JOURNALS
Citation
HOUSING POLICY DEBATE, v.25, no.2, pp.374 - 394
Abstract
Each year, thousands of units are lost from the assisted rental housing inventory through deterioration and default, subsidy expiration, and market-rate conversion. While a good deal of research and data collection has focused on identifying at-risk developments, less is known about what happens to former assisted developments after they exit income and rent restrictions. This article uses a survey of former assisted properties in Florida to identify their postsubsidy trajectories—that is, as to whether developments continue as rental housing, are converted to condominiums, or leave the housing stock through vacancy and demolition; and for those that continue as rental housing, whether they continue to offer affordable rents. Using logistic regression models, the article examines the property, housing market, and neighborhood characteristics that determine these trajectories. The results show that smaller properties, those that have been out of subsidy programs longer, and those in stronger neighborhood housing markets are more likely to be converted to condominiums. Among developments that continue as rental housing, those that previously had more stringent rent restrictions, those in strong rental submarkets, and those with better transit access tend to become unaffordable compared with previous rent limits. © 2014, © 2014 Virginia Polytechnic Institute and State University.
URI
https://scholarworks.unist.ac.kr/handle/201301/12781
URL
http://www.tandfonline.com/doi/abs/10.1080/10511482.2014.941902?journalCode=rhpd20#.VbXHINLtlBc
DOI
10.1080/10511482.2014.941902
ISSN
1051-1482
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UEE_Journal Papers
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