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America is in the midst of a rental housing affordability crisis. More than a quarter of those that rent their homes spend more than half of their income for housing, even as city leaders across the United States have been busily dismantling the nation's urban public housing projects. In After the Projects, Lawrence Vale investigates the deeply-rooted spatial politics of public housing development and redevelopment at a time when lower-income Americans face a desperate struggle to find affordable rental housing in many cities. Drawing on more than 200 interviews with public housing residents, real estate developers, and community leaders, Vale analyzes the different ways in which four major American cities implemented the federal government's HOPE VI program for public housing transformation, while also providing a national picture of this program. Some cities attempted to minimize the presence of the poorest residents in their new mixed-income communities, but other cities tried to serve as many low-income households as possible. Through examining the social, political, and economic forces that underlie housing displacement, Vale develops the novel concept of governance constellations. He shows how the stars align differently in each city, depending on community pressures that have evolved in response to each city's past struggles with urban renewal. This allows disparate key players to gain prominence when implementing HOPE VI redevelopment. A much-needed comparative approach to the existing research on public housing, After the Projects shines a light on the broad variety of attitudes towards public housing redevelopment in American cities and identifies ways to achieve more equitable processes and outcomes for low-income Americans.
Christopher Lenard and his longtime friend, Kimberly Slater, are exploring the idea of developing a student-housing complex near the University of Wisconsin, Madison, by replicating Slater's highly successful, similar development near the University of Florida. Madison seemed to present attractive market and demographic conditions for investment in student housing in the summer of 2012. But before committing a large share of his personal wealth to the project, Lenard needs to conduct a more careful analysis of its potential risks and returns. By putting themselves into the shoes of a budding real estate entrepreneur, students will evaluate both the merits and pitfalls of various approaches to the financial analysis of real estate development projects. After reading and analyzing the case, students will be able to: -Evaluate the fundamental economic determinants driving the potential gains to real estate development -Explain the merits and deficiencies of tools that can be applied to the financial analysis of real estate development projects, including financial feasibility; developing to a yield on cost; net present value analysis; and real options.
A unique panoramic survey of ethnic groups throughout the United States that explores the diverse communities in every region, state, and big city. Race, ethnicity, and immigrants' lives and identity: these are all key topics that Americans need to study in order to fully understand U.S. culture, society, politics, economics, and history. Learning about "place" through our own historical and contemporary neighborhoods is an ideal way to better grasp the important role of race and ethnicity in the United States. This reference work comprehensively covers both historical and contemporary ethnic and immigrant neighborhoods through A–Z entries that explore the places and people in every major U.S. region and neighborhood. America's Changing Neighborhoods: An Exploration of Diversity uniquely combines the history of ethnic groups with the history of communities, offering an interdisciplinary examination of the nation's makeup. It gives readers perspective and insight into ethnicity and race based on the geography of enclaves across the nation, in regions and in specific cities or localized areas within a city. Among the entries are nearly 200 "neighborhood biographies" that provide histories of local communities and their ethnic groups. Images, sidebars, cross-references at the end of each entry, and cross-indexing of entries serve readers conducting preliminary as well as in-depth research. The book's state-by-state entries also offer population data, and an appendix of ancestry statistics from the U.S. Census Bureau details ethnic and racial diversity.