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Community Impacts Of Decision Modeling For Foreclosed Redevelopment, Michael P. Johnson Jr., Alvine Sangang, Buki Usidame
Community Impacts Of Decision Modeling For Foreclosed Redevelopment, Michael P. Johnson Jr., Alvine Sangang, Buki Usidame
Michael P. Johnson
Community development corporations purchase distressed housing to rehabilitate for renter or owner-occupancy. These mission-driven organizations, skilled in the business of housing development, often lack analytic expertise to determine which acquisitions to pursue that would maximize social impact. This paper presents results, using actual purchase data from a Boston-area CDC, to assess the potential social benefits associated with using a decision model as compared to conventional practices.