Social and Behavioral Sciences Commons^™

Decision Models For Foreclosed Housing Acquisition And Redevelopment: A University Of Massachusetts Multi-Campus Collaborative Project - Processes And Findings To Date, Michael P. Johnson Jr., Jeffrey Keisler, Senay Solak, David Turcotte, Rachel B. Drew, Armagan Bayram, Emily Vidrine

Public Policy and Public Affairs Faculty Publication Series

The recent housing foreclosure crisis has had devastating impacts on individuals, communities, organizations and government. In response, several community development corporations (CDCs) have sought new ways to assist neighborhoods suffering from the myriad effects of high foreclosures, including neighborhood instability, increased vandalism and crime, lower property values, and economic disinvestment. This research project focuses on activities of community-based organizations that acquire and redevelop foreclosed properties to support neighborhood stabilization and revitalization. However, the costs of pursuing this strategy far exceed the resources available to typical CDCs. Thus, our project seeks to solve the following decision problem: What subset of a …

Housing And Community Development, Michael P. Johnson Jr.

Public Policy and Public Affairs Faculty Publication Series

Researchers in housing and community development design and evaluate policies regarding access to attractive, affordable and sustainable housing and improving the social, physical and economic infrastructure of communities, especially those in the urban core. Practitioners in this field confront political considerations, administrative guidelines and limited funding.

Decision science can increase the efficiency and effectiveness of market-rate housing development and provide support for policy responses to issues such as affordable housing, race and class segregation, ineffective and/or inequitable economic development, and sustainable development. This research spans many disciplines, including systems modeling, urban economics, multi-criteria decision modeling, stochastic models and decision support …