The new politics of affordable housing

Lang, Robert E.; Anacker, Katrin B.; Hornburg, Steven P.

doi:10.1080/10511482.2008.9521633

Cited by 10 publications

(4 citation statements)

References 7 publications

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“…These two gateway types may have higher risk scores because of changing demographics and associated volatility in the housing market, high construction costs, and shortages of affordable housing (Lang et al. ).…”

Section: Resultsmentioning

confidence: 99%

“…For example, a tract in an emerging gateway is about 4 points higher in risk scores on average than continuous gateway tracts, after accounting for the metropolitan socioeconomic characteristics. These two gateway types may have higher risk scores because of changing demographics and associated volatility in the housing market, high construction costs, and shortages of affordable housing (Lang et al 2008). Model 3 adds in neighborhood typology, which increases the R 2 to about 32 percent.…”

Section: Findings Neighborhood Foreclosure Risk By Metropolitan Areamentioning

confidence: 99%

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Impacts of Multiscale Racial Concentration on Neighborhood Foreclosure Risk in Immigrant Gateway Metropolitan Areas

Lee

Greenlee

2020

City & Community

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Scholars define emerging gateway metropolitan areas in the United States as regions in which immigrant communities settled after the 1990s. Historically, immigrant and minority neighborhoods are characterized by exclusion from conventional sources of financial capital––factors which compound risks associated with residential instability and foreclosure. Yet, these new gateways may offer protection from foreclosure due to the relative affordability of housing and concentration of racial and ethnic and class advantages. We examine whether foreclosure risk is mediated through spatial processes, race, nativity, and class. We find that race and nativity play a major role in mediating risk across immigrant gateways. Neighborhoods with higher levels of Asian concentration presented lower risk, regardless of nativity and income. In contrast, Latino foreclosure risk varied by nativity, income, and gateway. Emerging gateways are also associated with higher foreclosure risk. Our findings inform resurgent ethnicity theory and how middle‐class immigrant neighborhoods offer improved socioeconomic outcomes without relying on White areas as a standard for immigrant integration.

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Section: Resultsmentioning

confidence: 99%

Section: Findings Neighborhood Foreclosure Risk By Metropolitan Areamentioning

confidence: 99%

Impacts of Multiscale Racial Concentration on Neighborhood Foreclosure Risk in Immigrant Gateway Metropolitan Areas

Lee

Greenlee

2020

City & Community

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“…While some may question these positions, I would counter that federal low-income housing expenditures undergo a congressional scrutiny that may deliver conflicting results (Heathcott 2012; Lang, Anacker, and Hornburg 2008; von Hoffman 2012; Wolch 1998). The Hope VI program, for example, exemplifies these conflicts: redevelopment of distressed public housing, dispersal of households with vouchers, suspension of the one-to-one replacement of demolished units, and implementation of the one-strike rule (Goetz and Chapple 2010; Hanlon 2012; Hellegers 1999; Johnson 2001).…”

Section: Introductionmentioning

confidence: 99%

State Mandates, Housing Elements, and Low-income Housing Production

Ramsey-Musolf

2017

Journal of Planning Literature

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In order to create low-income housing opportunities and mitigate exclusionary zoning, in 1968 Congress mandated that municipalities receiving comprehensive planning funds must create a housing element. In tandem, many states mandated that municipal housing elements must accommodate low-income housing needs. After examining empirical research for California, Florida, Illinois, and Minnesota, this review found aspirational success because those states rewarded the municipal planning process. In order to increase low-income housing, this review argues for state housing policy reform. Under US Department of Housing and Urban Development's revised fair housing rule, which requires an assessment of local data, states can no longer ignore the exclusionary behavior of municipalities.

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“…The causes of this crisis have been hotly debated in the scholarly and public policy community. For example, recent studies on this topic cite various causes, including risky product offerings, economic conditions, house prices, adverse selection, information asymmetries, marketing practices, and distance between public policy and affordability (Agarwal and Ambrose, 2008;Green, 2008;Lang et al, 2008;Perry and Motley, 2009). In addition, some suggest that the rise in mortgage defaults may be due to the fact that many borrowers underestimated their ability to repay because they did not understand the complex terms of their mortgages (Pence and Bucks, 2006;Bar-Gill, 2009).…”

Section: Introductionmentioning

confidence: 99%

Shopping for a home vs. a loan: the role of cognitive resource depletion

Perry

Lee

2012

Int J Consumer Studies

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The authors suggest that the process of shopping for a home and choosing between alternative property features depletes individuals’ cognitive resources, which in turn results in sub‐optimal home financing decisions. Thus, in the span of time that follows the shopping experience, consumers will devote less attention to choosing a mortgage, resulting in a higher propensity to select higher‐risk, adjustable‐rate mortgage products. The results of two controlled experiments demonstrate that participants in an online house shopping simulation were more likely to select one of the high‐risk mortgage offers, and spent less time selecting a mortgage than participants in the control condition. In addition, contrary to expectations, warning participants about cognitive resource depletion exacerbated these effects. These findings imply that consumer decisions could be improved by imposing a temporal separation between shopping for a home and shopping for financing.

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The new politics of affordable housing

Cited by 10 publications

References 7 publications

Impacts of Multiscale Racial Concentration on Neighborhood Foreclosure Risk in Immigrant Gateway Metropolitan Areas

Impacts of Multiscale Racial Concentration on Neighborhood Foreclosure Risk in Immigrant Gateway Metropolitan Areas

State Mandates, Housing Elements, and Low-income Housing Production

Shopping for a home vs. a loan: the role of cognitive resource depletion

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