Tenant Purchase As A Means Of Creating And Preserving Affordable Homeownership
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Tenant Purchase As A Means Of Creating And Preserving Affordable Homeownership
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Author : Julie Lawton
language : en
Publisher:
Release Date : 2015
Tenant Purchase As A Means Of Creating And Preserving Affordable Homeownership written by Julie Lawton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
For a number of years, the federal government and various local jurisdictions have struggled with the most effective means of producing more units of affordable housing. This article proposes an affordable housing production model that enables tenants to purchase their single-family homes and multifamily apartment buildings based on a tenant purchasing program prevalent in Washington, D.C. Throughout the years, Washington, D.C., like many jurisdictions, has tried various measures to create and preserve affordable housing and make homeownership affordable to more residents. One of the most productive programs created to produce and preserve units of affordable housing in Washington, D.C. is the program known as the Tenant Opportunity to Purchase Act (TOPA). Generally, TOPA requires that a landlord owning residential property in Washington, D.C. must first offer the tenants residing in that property the opportunity to purchase it before selling that property to a third-party. The tenants then have the right to: (i) maintain the property as a rental owned by either the tenants or a private developer chosen by the tenants, (ii) purchase the property and convert it to a market rate or affordable condominium or cooperative, (iii) sell their rights to purchase the property to any entity the tenants choose for any value negotiated by the tenants, or (iv) ignore their TOPA rights altogether. TOPA helps prevent the loss of affordable housing units to the private market, promotes resident engagement and control in the development of the resident's neighborhood, promotes private investment in preserving affordable housing, enables residents -- specifically low- and moderate-income residents -- to participate in the wealth creation from the property sale, and creates homeownership opportunities for low- and moderate-income residents who might otherwise be priced out of an expensive real estate market. I represented tenant groups in Washington, D.C. in the purchase, renovation, and conversion of their multi-family apartment buildings for many years and experienced TOPA's ability to facilitate the preservation of affordable homeownership in gentrifying neighborhoods, to empower low- and moderate-income residents in influencing the redevelopment of their neighborhoods, and to provide wealth creation for the tenants who were able to successfully purchase their properties in a manner that preserved affordability. Other jurisdictions should consider a law providing some form of tenant purchase rights to residents of multi-family properties to help create and preserve affordable housing. This article seeks to provide those jurisdictions with an in-depth review of TOPA, its benefits, and some suggested areas of improvement. This article also seeks to provide Washington, D.C. with a rare scholarly review of TOPA by someone who worked closely on TOPA policy, business, and legal issues for a number of years.
The Affordable City
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Author : Shane Phillips
language : en
Publisher: Island Press
Release Date : 2020-09-15
The Affordable City written by Shane Phillips and has been published by Island Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-15 with Political Science categories.
From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.
Affordable Housing Preservation And Protection Of Tenants
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Author : United States. Congress. House. Committee on Financial Services
language : en
Publisher:
Release Date : 2008
Affordable Housing Preservation And Protection Of Tenants written by United States. Congress. House. Committee on Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Housing policy categories.
H R 4868 The Housing Preservation And Tenant Protection Act Of 2010
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
language : en
Publisher:
Release Date : 2010
H R 4868 The Housing Preservation And Tenant Protection Act Of 2010 written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Political Science categories.
Legislative Options For Preserving Federally And State Assisted Affordable Housing And Preventing Displacement Of Low Income Elderly And Disabled Tenants
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
language : en
Publisher:
Release Date : 2009
Legislative Options For Preserving Federally And State Assisted Affordable Housing And Preventing Displacement Of Low Income Elderly And Disabled Tenants written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Law categories.
The Public Nature Of Private Property
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Author : Michael Diamond
language : en
Publisher: Routledge
Release Date : 2016-02-24
The Public Nature Of Private Property written by Michael Diamond and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-24 with Law categories.
What, exactly, is private property? Or, to ask the question another way, what rights to intrude does the public have in what is generally accepted as private property? The answer, perhaps surprisingly to some, is that the public has not only a significant interest in regulating the use of private property but also in defining it, and establishing its contour and texture. In The Public Nature of Private Property, therefore, scholars from the United States and the United Kingdom challenge traditional conceptions of private property while presenting a range of views on both the meaning of private property, and on the ability, some might say the requirement, of the state to regulate it.
Intergovernmental Relations
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Author : Jonathan M. Fisk
language : en
Publisher: Taylor & Francis
Release Date : 2022-06-14
Intergovernmental Relations written by Jonathan M. Fisk and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-14 with Political Science categories.
Who governs? On the surface, such a question should be easy to answer by simply reading the law. Taking a deeper examination, it is one of the most hotly contested questions, often without a clear-cut answer. With recent controversies in the United States related to confederate monuments, transgender rights, and unconventional oil and gas development, for example, the answer is: it depends and is subject to change. Intergovernmental Relations: State and Local Challenges in the Twenty-First Century examines the sources behind state-local conflict to better understand where this critical intergovernmental relationship may be breaking down, and to ultimately identify solutions and policy tools that build upon the strengths of state and local governments, mitigate conflicts, and improve the quality of life for citizens. Author Jonathan M. Fisk begins by defining the basic institutional structures and offices and addressing the intergovernmental legal environment. He then offers a framework for understanding possible sources behind state-local conflict, with a recognition that intergovernmental relationships have historical roots, are place-based, and dependent on context, before examining concrete issues that have become ensnared in intergovernmental conflict via case studies including environmental (plastic bags, climate change), social and constitutional (confederate statues, transgender bathrooms), and economic (living wage, affordable housing) to name a few. Each case study possesses its own history, intergovernmental actors, costs, benefits, opportunities, and challenges. Readers are asked to confront difficult questions about property and constitutional rights, intergenerational equity, economic growth, wage fairness, and local democracy. This book offers an ideal supplement for students enrolled in courses on public policy, federalism, state and local government, and public administration.
Preservation Of Affordable Rental Housing
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Author : Heather L. Schwartz
language : en
Publisher: Rand Corporation
Release Date : 2016-06-06
Preservation Of Affordable Rental Housing written by Heather L. Schwartz and has been published by Rand Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-06 with Social Science categories.
In 2000, the MacArthur Foundation began the Window of Opportunity, a 20-year, $187 million philanthropic initiative intended to help preserve privately owned affordable rental housing. The authors of this report assess whether the initiative achieved its goals and identify lessons learned about effective preservation practices, as well as about the implementation of large-scale philanthropic initiatives generally.
Affordable Housing Preservation
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
language : en
Publisher:
Release Date : 2007
Affordable Housing Preservation written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Housing categories.
Affordable Housing Preservation In Washington Dc
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Author : Kathryn Howell
language : en
Publisher: Routledge
Release Date : 2021-05-16
Affordable Housing Preservation In Washington Dc written by Kathryn Howell and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-16 with Social Science categories.
Affordable Housing Preservation in Washington, DC uses the case of Washington, DC to examine the past, present, and future of subsidized and unsubsidized affordable housing through the lenses of history, governance, and affordable housing policy and planning. Affordable housing policy in the US has often been focused at the federal level where the laws and funding to build new affordable housing historically have been determined. However, as federal housing subsidies from the 1960s expire and federal funding continues to decline, local governments, tenants and advocates face the difficult challenge of trying to retain affordability amid increasing demand for housing in many American cities. Now, instead of amassing land, financing and sponsors, affordable housing stakeholders must understand the existing resident needs and have access to the market for affordable housing. Arguing for preservation as a way of acknowledging a basic right to the city, this book examines the ways that the broad range of stakeholders engage at the building and city levels. This book identifies the underlying challenges that enable or constrain preservation to demonstrate that effective preservation requires long-term relationships that engage residents, build trust and demonstrate a willingness to share power among residents, advocates and the government. It is of great interest to academics and students as well as policy makers and practitioners internationally in the fields of housing studies and policy, urban studies, social policy, sociology and political economy.