9/28 Ed Stromberg

Regional Perspectives on Regional Perspectives on the Federal Approach to the Federal Approach to

Preserving Affordable Preserving Affordable Housing Near TransitHousing Near Transit

Denver, Co Tuesday 28, 2010Edwin Stromberg

Disclaimer: I thank everyone inside and outside of HUD who provided me with information, data and guidance; but I am solely responsible for the use and interpretation of the data provided.

Walk ScoreWalk Score®®

What is a walk score?A Walk score measures how walkable an address is to various amenities.

How is it measured?Each amenities is given a point number and is awarded point depending on how close they are to the amenities. Full points for .25 mile or less and Zero points for over a mile.


What are the amenities are in the walk score?◦ Schools◦Grocery store◦Shopping areas◦Parks◦Post offices◦Banks ◦and more


Limitations of Walk scores methods:◦Distance is measured as the crow flies and

does not take actual walk distance into account.

◦Does not account for quality of life in the algorithm.

◦ Does not concern the size and quality of the stores.

Transit ScoreTransit Score®®

What is a Transit Score?◦It measures the “usefulness” of the transit

system (rail, bus, etc.) to a given addressHow is a Transit Scores calculated?

◦Distance to transit◦Schedule and frequency of transit

How many locations have transit score◦57 cities

Transit ScoreTransit Score®®

Limitations of Transit scores methods:◦Only 57 cities have transit score.◦Commute times are the considered.◦Were the transit goes

ScoringScoring

Transit Score

Description

90–100 Rider's Paradise — World-class public transportation.

70–89 Excellent Transit — Transit is convenient for most trips.

50–69 Good Transit — Many nearby public transportation options.

25–49 Some Transit — A few nearby public transportation options.

0–24 Minimal Transit — It is possible to get on a bus.

Walk Score Description

90–100 Walker's Paradise — Daily errands do not require a car.

70–89 Very Walkable — Most errands can be accomplished on foot.

50–69Somewhat Walkable — Some amenities within walking distance.

25–49 Car-Dependent — A few amenities within walking distance.

0–24 Car-Dependent — Almost all errands require a car.

ProgramsPrograms

FHA Green RetrofitM2M Green InitiativeFHA Mark to Market202 and 811HOPE VIHOME220

MethodologyMethodology

I use the whole data set when possibleI selected a random sample from the HUD

database for the data sets that were large.

Input the data into walkscore.comScore the score based on walkscore.com

scoring systems.

FHA Green RetrofitFHA Green Retrofit

Recovery Act’s Green Retrofit Program for Multifamily Housing provide funding for green retrofits on affordable housing properties.

Total number of projects: 167Total cost of the program:$138 millionTotal number of units: 13,060These number includes the entire Green Retrofit

through 2009Sample size: All


Walker's Paradise 8.38%

Very Walkable 29.34%

Somewhat Walkable 32.93% 70.66%Car-Dependent 20.96%

Very Car-Dependent 8.38% 29.34%

Walk Scores


Transit Scores Rider's Paradise 5 14.71%Excellent Transit 9 26.47%

Good Transit 8 23.53%

64.71%

Some Transit 12 35.29%

35.29%* Only 12.6% of sample transit score

FHA Mark to MarketFHA Mark to Market

Mark to Market program is meant to preserve low-income affordability by:◦ Reduce rent in projects◦ Restructure mortgage so it could be support by reduce rent◦ Rehab project

Total number of projects: 1,177Total programs investment: $335 millionTotal number of units: 98,660 These number includes the entire Mark to Market

through 2009 Sample size: 373




Somewhat Walkable 21.98% 46.65%

Car-Dependent 35.39%


Walk Scores


Rider's Paradise 31.91%

Excellent Transit 23.40%

Good Transit 25.53% 80.85%

Some Transit 19.15% 19.15%

Transit Scores

* Only 12.6% of sample transit score

M2M Green InitiativeM2M Green Initiative

Mark to Market Green Initiative program is meant to preserve low-income affordability with green improvements by:◦Reduce rent in projects◦Restructure mortgage so it could be support by

reduce rent◦Rehab project

Total number of projects: 15Total programs investment: $7.5 millionTotal number of units: 1,278 Sample size: ALL


Somewhat Walkable 26.67%66.67

%Car-Dependent 20.00%

Very Car-Dependent 13.33%33.33

%

202 and 811202 and 811

202 and 811202 and 811






Walk Scores

202 and 811202 and 811




Some Transit 34.48%

Minimal Transit 6.90% 41.38%

Transit Scores


HOPE VIHOPE VI

HOPE VI program eliminates severely distressed public housing projects by providing fund for:◦ Demolition◦ Major reconstruction◦ Rehabilitation◦ Replacement housing◦ Management improvements◦ Etc.

Total number of projects: 239Sample size: AllTotal number of units: 102,227 The number includes the entire HOPE VI program

HOPE VIHOPE VI






Walk Scores

HOPE VIHOPE VI




Some Transit 10.81%

Minimal Transit 1.35% 12.16%

Transit Scores


HOMEHOME

The HOME program provides money enable afford housing for low income and very low income families by:◦ Helping with down payments◦ Tennant-based assistance◦ Housing rehab◦ Assistance to homebuyers◦ And new construction of housing◦ Etc.

Total number of projects: 1,415 Total value of the projects: $1.5 BillionTotal number of units: 37,744 These number includes all the HOME rental projects

through 2009 (80% of projects are 20 unit or greater)

HOMEHOME



Somewhat Walkable 14.56% 96.12%Car-Dependent 3.88% 3.88%

Walk Scores

HOMEHOME




Transit Scores

* Only 74% of sample transit score

220220

Section 220 insured loans used to finance mortgages for housing in urban renewal areas, in which local government has tried to revitalize by:◦ Altering◦ repair◦ Improve housing in those areas

Total number of projects in the pipeline: 62Total value of the programs: $2.46 BillionTotal number of units: 11,645 These number includes the entire 220 programSample size of analyst: All

220 Pipeline220 Pipeline

Walker's Paradise 37.29%Very Walkable 42.37%

Somewhat Walkable 15.25% 94.92%Car-Dependent 5.08% 5.08%

Walk Scores

220 Pipeline220 Pipeline




Some Transit 10.00% 10.00%

Transit Scores

* Only 34% of sample transit score

Scource: national housing trust

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9/28 Ed Stromberg