IDEAS home Printed from https://ideas.repec.org/a/taf/houspd/v24y2014i4p692-716.html
   My bibliography  Save this article

Measuring What Matters: A Call for a Meaningful Metric of Affordable Rental Housing Production Cost-Efficiency

Author

Listed:
  • Jake Wegmann

Abstract

The metric commonly used in debates and research concerning the cost-efficiency of multifamily rental housing production, total development cost per unit, sacrifices too much analytical power in return for its ease of computation. This article proposes a replacement metric, the subsidy per housing affordability equivalent (SHARE) ratio. This measure is applied to a set of 399 nonprofit-sponsored rental housing developments completed in California over the past decade. Evidence suggests that the use of SHARE would evaluate deeply subsidized family projects and mixed-use projects with commercial space more favorably than total development cost per unit would. The reverse is true for projects restricted to seniors and for those financed with Low-Income Housing Tax Credits.

Suggested Citation

  • Jake Wegmann, 2014. "Measuring What Matters: A Call for a Meaningful Metric of Affordable Rental Housing Production Cost-Efficiency," Housing Policy Debate, Taylor & Francis Journals, vol. 24(4), pages 692-716, October.
  • Handle: RePEc:taf:houspd:v:24:y:2014:i:4:p:692-716
    DOI: 10.1080/10511482.2014.944851
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10511482.2014.944851
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/10511482.2014.944851?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bardhan, Ashok & Walker, Richard A., 2010. "California, Pivot of the Great Recession," Institute for Research on Labor and Employment, Working Paper Series qt0qn3z3td, Institute of Industrial Relations, UC Berkeley.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ikenna Stephen Ezennia & Sebnem Onal Hoskara, 2019. "Methodological weaknesses in the measurement approaches and concept of housing affordability used in housing research: A qualitative study," PLOS ONE, Public Library of Science, vol. 14(8), pages 1-27, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xian Cao & Junyon Im, 2018. "Founder human capital and new technology venture R&D search intensity: the moderating role of an environmental jolt," Small Business Economics, Springer, vol. 50(3), pages 625-642, March.
    2. David Harvey, 2011. "Roepke Lecture in Economic Geography—Crises, Geographic Disruptions and the Uneven Development of Political Responses," Economic Geography, Clark University, vol. 87(1), pages 1-22, January.
    3. Walker, Richard A. & Brechin, Gray, 2010. "The Living New Deal: The Unsung Benefits of the New Deal for the United States and California," Institute for Research on Labor and Employment, Working Paper Series qt6c1115sm, Institute of Industrial Relations, UC Berkeley.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:houspd:v:24:y:2014:i:4:p:692-716. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RHPD20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.