Marc T Smith
Biographic Data
| ID | 4086325 |
|---|---|
| NAME | Marc T Smith |
| GIVEN NAMES | Marc T |
| FAMILY NAME | Smith |
| SIGNATURE | SMITH M T |
| AFFILIATIONS | DePaul University |
| VERIFIED | No |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 32 |
| WORKS AS AUTHOR | 14 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 2009 |
| H-INDEX | 3 |
Housing Choice Vouchers, the Low-Income Housing Tax Credit, and the Federal Poverty Deconcentration Goal
Poverty deconcentration has gained prominence as a federal housing policy goal during the past decade. The authors address the issue of whether the interaction between the two dominant programs aimed at housing for low-income persons in the United States—the Housing Choice Voucher and the Low-Income Housing Tax Credit (LIHTC)—tends to support this goal by examining three questions: How extensively are vouchers used in LIHTC developments? Does the…
Real Estate Brokerage, Homebuyer Training, and Homeownership Sustainability for Housing Assistance Programs
This study examines a previously overlooked factor in the rate of default on home loans by marginal first‐time homebuyers; namely, the purchase transaction process. In particular, the study examines the potential for the type of initial contact in a homebuyer assistance program to affect the likelihood of default on a subsequent home loan. Using data from 41 state funded local assistance programs in Florida, the study is able to examine the relat…
The Low Income Housing Tax Credit and Inner-City Revitalization
Inner-city revitalization is a complex challenge requiring multiple strategies for success. Successful revitalization efforts must include quality housing opportunities for lower-income households. The federal Low Income Housing Tax Credit (LIHTC) program, established as part of the Tax Reform Act of 1986, is a policy tool that has the potential to contribute to inner-city revitalization. Program implementation is very complex, however, and many …
Owning a Home
In recent years, policy initiatives at the federal, state and local levels have fostered innovative programs to promote and support low-to-moderate income individuals and families in achieving homeownership. However, the sustainability of homeownership among this group is an area of concern as default and foreclosure rates have increased and are expected to grow. This exploratory study examined the housing experience of 11 female, first-time low-…
A Decent Home for Every Family? Housing Policy Initiatives Since the 1980s
A fundamental economic and social principle embedded in the American psyche remains the value of shelter. However, housing policy is the result of a complex exchange among economic, political, and social agendas competing for attention within the multiple levels of local, state, and federal governments. This article intends to capture what we consider afea of the significant initiatives since 1980 that reflect these tensions and comprise our curr…
Creating New Patterns of Social and Economic Activity Through Planned Housing Environments
HOPE VI programs have transformed distressed public housing areas into “planned neighborhoods.” This research highlights key results from an evaluation request by the Tampa Housing Authority to assess the social and economic impact of the local HOPE VI community. Findings suggest that the majority of residents enjoy the new neighborhood. Questions remain regarding the social cohesion among the mixed-income community residents and the potential fo…
Weaknesses in Current Measures of Housing Needs
Defining housing affordability presents issues in measurement that have implications for housing policy. Measures of housing affordability are generally based on assumptions on what should be paid for housing. In establishing standards in this way, as in the 30% of income standard used with HUD programs, a single measure is imposed on an entire population and the most severe needs requiring intervention may be missed. Differences may exist across…
The Impact of Energy Efficient House Construction on Homeownership Costs
The goal of this study was to determine whether the Energy Star home program, as implemented in Gainesville, Florida, is reducing energy use and therefore costs relative to other homes and the extent of the savings. Analysis of Energy Star qualified houses found the savings were appreciable and statistically significant. The indicated energy savings for the average Energy Star household were $180 per year, which was capitalized to indicate a valu…
The Evolution and Function of Community Development Corporations in Florida’s Urban Communities
Community development corporations (CDCs) have been both producers of affordable housing and agents in revitalizing distressed neighborhoods. This paper presents a descriptive review of community development corporations in Florida’s urban communities, based on a 1994 survey. The survey reveals that Florida’s CDCs differ from the traditional CDC characteristics found in the Northeast and Midwest. Florida’s CDCs are program driven and tend to serv…
The Impact of the Miami Metrorail on the Value of Residences near Station Locations
This paper examines the impact of the development of the Miami Metrorail system on residential property values proximate to its station locations. Comparing repeat-sales indices and applying hedonic regression methods yielded consistent results. In both cases the analyses support the hypothesis that residential values were, at most, only weakly impacted by the announcement of the new rail system.
Limited-Equity Cooperatives for Low-Income Households
This study provides a dialog on the implications of limited-equity cooperatives as a home ownership option for low-income households. Recent changes in several market factors have contributed to an increased interest in such options. Among them are the Tax Reform Act of 1986; federal cutbacks in housing programs, and the potential for lost housing stock through expiration and foreclosure of rental subsidies. Congress, the Presidents Commission on…
Transfer programs and aggregate household formations
Another Look at Mortgage Revenue Bonds
Cooperative Housing as an Approach to Rural Housing Problems
Housing Choice Vouchers, the Low-Income Housing Tax Credit, and the Federal Poverty Deconcentration Goal
Poverty deconcentration has gained prominence as a federal housing policy goal during the past decade. The authors address the issue of whether the interaction between the two dominant programs aimed at housing for low-income persons in the United States—the Housing Choice Voucher and the Low-Income Housing Tax Credit (LIHTC)—tends to support this goal by examining three questions: How extensively are vouchers used in LIHTC developments? Does the…
Transfer programs and aggregate household formations
Weaknesses in Current Measures of Housing Needs
Defining housing affordability presents issues in measurement that have implications for housing policy. Measures of housing affordability are generally based on assumptions on what should be paid for housing. In establishing standards in this way, as in the 30% of income standard used with HUD programs, a single measure is imposed on an entire population and the most severe needs requiring intervention may be missed. Differences may exist across…
Owning a Home
In recent years, policy initiatives at the federal, state and local levels have fostered innovative programs to promote and support low-to-moderate income individuals and families in achieving homeownership. However, the sustainability of homeownership among this group is an area of concern as default and foreclosure rates have increased and are expected to grow. This exploratory study examined the housing experience of 11 female, first-time low-…
A Decent Home for Every Family? Housing Policy Initiatives Since the 1980s
A fundamental economic and social principle embedded in the American psyche remains the value of shelter. However, housing policy is the result of a complex exchange among economic, political, and social agendas competing for attention within the multiple levels of local, state, and federal governments. This article intends to capture what we consider afea of the significant initiatives since 1980 that reflect these tensions and comprise our curr…
Creating New Patterns of Social and Economic Activity Through Planned Housing Environments
HOPE VI programs have transformed distressed public housing areas into “planned neighborhoods.” This research highlights key results from an evaluation request by the Tampa Housing Authority to assess the social and economic impact of the local HOPE VI community. Findings suggest that the majority of residents enjoy the new neighborhood. Questions remain regarding the social cohesion among the mixed-income community residents and the potential fo…
The Low Income Housing Tax Credit and Inner-City Revitalization
Inner-city revitalization is a complex challenge requiring multiple strategies for success. Successful revitalization efforts must include quality housing opportunities for lower-income households. The federal Low Income Housing Tax Credit (LIHTC) program, established as part of the Tax Reform Act of 1986, is a policy tool that has the potential to contribute to inner-city revitalization. Program implementation is very complex, however, and many …
Cooperative Housing as an Approach to Rural Housing Problems
Another Look at Mortgage Revenue Bonds
Transfer programs and aggregate household formations
Limited-Equity Cooperatives for Low-Income Households
This study provides a dialog on the implications of limited-equity cooperatives as a home ownership option for low-income households. Recent changes in several market factors have contributed to an increased interest in such options. Among them are the Tax Reform Act of 1986; federal cutbacks in housing programs, and the potential for lost housing stock through expiration and foreclosure of rental subsidies. Congress, the Presidents Commission on…
The Impact of the Miami Metrorail on the Value of Residences near Station Locations
This paper examines the impact of the development of the Miami Metrorail system on residential property values proximate to its station locations. Comparing repeat-sales indices and applying hedonic regression methods yielded consistent results. In both cases the analyses support the hypothesis that residential values were, at most, only weakly impacted by the announcement of the new rail system.
The Evolution and Function of Community Development Corporations in Florida’s Urban Communities
Community development corporations (CDCs) have been both producers of affordable housing and agents in revitalizing distressed neighborhoods. This paper presents a descriptive review of community development corporations in Florida’s urban communities, based on a 1994 survey. The survey reveals that Florida’s CDCs differ from the traditional CDC characteristics found in the Northeast and Midwest. Florida’s CDCs are program driven and tend to serv…
The Impact of Energy Efficient House Construction on Homeownership Costs
The goal of this study was to determine whether the Energy Star home program, as implemented in Gainesville, Florida, is reducing energy use and therefore costs relative to other homes and the extent of the savings. Analysis of Energy Star qualified houses found the savings were appreciable and statistically significant. The indicated energy savings for the average Energy Star household were $180 per year, which was capitalized to indicate a valu…
Weaknesses in Current Measures of Housing Needs
Defining housing affordability presents issues in measurement that have implications for housing policy. Measures of housing affordability are generally based on assumptions on what should be paid for housing. In establishing standards in this way, as in the 30% of income standard used with HUD programs, a single measure is imposed on an entire population and the most severe needs requiring intervention may be missed. Differences may exist across…
Creating New Patterns of Social and Economic Activity Through Planned Housing Environments
HOPE VI programs have transformed distressed public housing areas into “planned neighborhoods.” This research highlights key results from an evaluation request by the Tampa Housing Authority to assess the social and economic impact of the local HOPE VI community. Findings suggest that the majority of residents enjoy the new neighborhood. Questions remain regarding the social cohesion among the mixed-income community residents and the potential fo…
The Low Income Housing Tax Credit and Inner-City Revitalization
Inner-city revitalization is a complex challenge requiring multiple strategies for success. Successful revitalization efforts must include quality housing opportunities for lower-income households. The federal Low Income Housing Tax Credit (LIHTC) program, established as part of the Tax Reform Act of 1986, is a policy tool that has the potential to contribute to inner-city revitalization. Program implementation is very complex, however, and many …
Owning a Home
In recent years, policy initiatives at the federal, state and local levels have fostered innovative programs to promote and support low-to-moderate income individuals and families in achieving homeownership. However, the sustainability of homeownership among this group is an area of concern as default and foreclosure rates have increased and are expected to grow. This exploratory study examined the housing experience of 11 female, first-time low-…
A Decent Home for Every Family? Housing Policy Initiatives Since the 1980s
A fundamental economic and social principle embedded in the American psyche remains the value of shelter. However, housing policy is the result of a complex exchange among economic, political, and social agendas competing for attention within the multiple levels of local, state, and federal governments. This article intends to capture what we consider afea of the significant initiatives since 1980 that reflect these tensions and comprise our curr…
Housing Choice Vouchers, the Low-Income Housing Tax Credit, and the Federal Poverty Deconcentration Goal
Poverty deconcentration has gained prominence as a federal housing policy goal during the past decade. The authors address the issue of whether the interaction between the two dominant programs aimed at housing for low-income persons in the United States—the Housing Choice Voucher and the Low-Income Housing Tax Credit (LIHTC)—tends to support this goal by examining three questions: How extensively are vouchers used in LIHTC developments? Does the…
Real Estate Brokerage, Homebuyer Training, and Homeownership Sustainability for Housing Assistance Programs
This study examines a previously overlooked factor in the rate of default on home loans by marginal first‐time homebuyers; namely, the purchase transaction process. In particular, the study examines the potential for the type of initial contact in a homebuyer assistance program to affect the likelihood of default on a subsequent home loan. Using data from 41 state funded local assistance programs in Florida, the study is able to examine the relat…
Business (11 works) · Economics (11 works) · Economic growth (8 works) · Housing Market and Economics (8 works) · Urban, Neighborhood, and Segregation Studies (8 works) · Finance (6 works) · Housing, Finance, and Neoliberalism (6 works) · Geography (5 works) · Public economics (5 works) · Homelessness and Social Issues (4 works)