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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
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
Michael P. Johnson
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 …
National Science Foundation Funded Project: "Collaborative Proposal: Decision Models For Foreclosed Housing Acquisition And Redevelopment", Michael Johnson, Jeffrey Keisler, Senay Solak, David Turcotte
National Science Foundation Funded Project: "Collaborative Proposal: Decision Models For Foreclosed Housing Acquisition And Redevelopment", Michael Johnson, Jeffrey Keisler, Senay Solak, David Turcotte
Michael P. Johnson
The recent housing foreclosure crisis has had devastating impacts on individuals and their communities. To mitigate some of these impacts a number of community-based organizations are acquiring foreclosed properties in efforts to support neighborhood stabilization and revitalization. Examples of actions taken on these foreclosed properties include: land-banking, rehabilitation, demolition and re-sale or/re-rental. These actions have the potential to minimize blight, reduce unanticipated housing mobility, and provide affordable housing opportunities. However, the cost of pursuing any or all of these strategies to their fullest extent far exceeds the resources available to typical community-based organizations. In this research project, the PIs will …