Exam 3 Flashcards
Housing, Economic Development, & Growth Management,
Define Housing Affordability Gap
The gap between median home prices and median household income.
What are the major components of the cost of housing?
- Land cost
- Land/site improvement cost
- Construction or hard cost
What are the root causes of the housing affordability crisis in Rhode Island?
- Housing supply is low
- Demand for housing is high
What are the outcomes of the housing affordability crisis?
- Overcrowding in some existing housing units.
- Homelessness
- Impeding economic development
- Out-Migration
What are the two goals of economic development planning?
- Create jobs with meaningful wages and benefits
- Expand community’s tax base
Define Underemployment
- A person working for jobs that are low-wage and require no skills when the person has skills
- A person looking for a full-time job cannot find it and is satisfied with a part-time job
What are four major reasons for loss of jobs in an area?
- Businesses closing down
- Businesses moving out of the area
- Business downsizing
- Changes in technology replacing the labor
What are five major reasons for relocation of business from one area to another area?
- Reduce the most of making business
- Salaries and benefits
- Taxes - Receive sizable incentives
- Tax incentives
- Low-interest loans & grants
- Benefits from government investments in infrastructure - Availability of skilled labor force
- Being closer to big markets
- Avoid “labor unions” and “environmental regulations”
What is the role of state government to promote economic development?
- Offering big incentive packages to attract new businesses
- Offering to help existing business to expand
- Training labor force and investments in education
- Investment in public utilities and services
- Advertising and promotion
What is the four-step approach to economic development planning at the local level?
- Conducting a needs assessment
- Market evaluation
- Assessment of consequences
- Plan formulation
What are six major issues in environmental planning?
- Human activity has damaged the natural environment overtime.
- Environmental problems include land, water, air, and noise pollution.
- Environmental problems are not confined within political boundaries.
- Environmental concerns are both local and global.
- Environmental issues and concerns are tied heavily to economic and political issues.
- Federal government has a major responsibility in addressing environmental problems and concerns.
What are the four major objectives of environmental planning?
- Minimize threats to human health and life
- Minimize damage to environment for its own sake rather than humanity’s sake
- Promote sustainable development by balancing economic development with the goal of preserving and protecting the environment
- Preserve and conserve natural environmental resources for future generations
What is the federal agency responsible for the protection of the environment?
Environmental Protection Agency (EPA)
What processes are required in NEPA?
NEPA requires “Environmental Assessments” and “Environmental Impact Statements” as a precondition for projects making use of federal funds.
What are the requirements for NEPA?
- Environmental Assessment (EA)
- Brief document about project and the needs for it
- Environmental impacts of the project
- Alternative actions
- List of persons and agencies consulted
- EA is a public document - The EA either concludes that an Environmental Impact Statement (EIS) is necessary or that there is a “finding of no significant impact” in which case an EIS is not required.
- Draft Environmental Impact Statement (EIS)
- Discussion of purpose of and need for proposed action
- Alternatives to the proposed action
- Analysis of the environmental consequences of the proposed action and alternatives
- List of persons who prepared the document
- List of agencies and persons the document has been mailed - Draft EIS is then circulated for both official and public comments.
- After considering the comments, then the final EIS is prepared - A “comment period” is provided after the final EIS is prepared
- Then the final decision is made