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Full-Text Articles in Urban Studies and Planning
Property Value Impacts Of Foreclosed Housing Acquisitions Under Uncertainty, Michael P. Johnson Jr., Senay Solak, Rachel B. Drew, Jeffrey Keisler
Property Value Impacts Of Foreclosed Housing Acquisitions Under Uncertainty, Michael P. Johnson Jr., Senay Solak, Rachel B. Drew, Jeffrey Keisler
Michael P. Johnson
Community development corporations seek to stabilize neighborhoods affected by the recent foreclosure crisis through acquisition and redevelopment of distressed properties. One rationale for this work is the alleviation or avoidance of negative foreclosure impacts. We estimate the lost value to proximate properties associated with a single foreclosure through a Markov chain representing probabilistic transitions between foreclosure stages. We apply our model to a case study of foreclosure properties in Chelsea, MA. A rank ordering by estimated property value impacts indicates significant potential gains in social value as compared to current community development practice. We extend our basic model to address …
Uplifting: Improvements In Boston Area Client Well-Being, Ryan Kling, Lisa Kalimon, Tanya Stepasiuk, Bukola Usidame, Ryan Mclane, Ryan Whalen, Ana Maria Sanchez, Michael P. Johnson Jr.
Uplifting: Improvements In Boston Area Client Well-Being, Ryan Kling, Lisa Kalimon, Tanya Stepasiuk, Bukola Usidame, Ryan Mclane, Ryan Whalen, Ana Maria Sanchez, Michael P. Johnson Jr.
Michael P. Johnson
LIFT-Boston, a local non-profit organization, entered into a collaborative partnership in September 2012 with McCormack Graduate School Public Policy Ph.D. students and faculty to develop and execute a research project. The goals of this endeavor were to assist LIFT-Boston in understanding the outcomes associated with its services and enable the organization to further pursue service goals. The primary research questions respond to the organization’s most fundamental questions. These include how the organization’s unique service model impacts clients across several objective and subjective dimensions of well-being. Secondary questions focus on how these impacts may translate into increases or decreases in student …