Full Citation

Title: Recent Decisions by Owners of Expiring Use Housing in Massachusetts: Do Market Changes and Property Characteristics Matter?

Citation Type: Dissertation/Thesis

Publication Year: 2008

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Abstract: The subject of this thesis study is a specific class of rental housing, commonly referred to as "expiring use" housing. Unlike traditional public housing, expiring use properties are owned by private for-profit and nonprofit firms while being publicly funded to make them affordable to tenants. Agreements that have tied operating subsidies to affordable rent restrictions have been expiring and at risk of non-renewal since the mid 1980s, with the largest mass of expirations set to occur within the next decade. Modeling on recent national studies, this thesis questions whether there are ways to early-identify properties in Massachusetts whose owners are likely to renew the subsidy agreements that have guaranteed below market rate rents in contrast to those who are likely to exit and convert to marker rate operations. Its main question is whether current data supports the common belief that owners' decisions to exit or renew subsidy agreements are affected by certain property characteristics and changes in local market conditions. The goal in answering this question is to find ways to differentiate properties whose owners are likely to renew from those who are likely to exit. That in turn is meant to inform efforts to target preservation resources efficiently...

User Submitted?: No

Authors: Meredith, Rachel L.

Institution: Tufts University

Department: Urban and Environmental Policy and Planning

Advisor: Jon Witten

Degree: Master of Arts

Publisher Location: Medford, MA

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Data Collections: IPUMS NHGIS

Topics: Housing and Segregation, Poverty and Welfare

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