plan 247 response questions Flashcards
What are two ways HOLC Redlining and FHA Underwriting Manual excluded African Americans from home ownership?
HOLC Redlining: Labeled African American neighborhoods as “high-risk,” discouraging banks from issuing loans.
FHA Underwriting Manual: Recommended not issuing loans in areas with African Americans, promoting racial segregation.
How did the exclusion of African Americans from home ownership programs lead to wealth disparity?
Generational Wealth Gap: Limited homeownership meant less equity passed down through generations, widening the economic gap.
Household Wealth Disparity: Missed opportunities for property appreciation and tax benefits, leading to lower net worth.
What are two funding sources for senior affordable housing in Chapel Hill?
Federal Low-Income Housing Tax Credits (LIHTC)
Community Land Trust (CLT)
: Explain the LIHTC process for funding affordable housing.
The town applies for tax credits via the state’s housing finance agency, which developers can sell to private investors. In return, they keep rents affordable for 15-30 years.
What is green gentrification?
Environmental improvements that raise property values, leading to the displacement of existing residents.
Provide two solutions to displacement caused by green gentrification.
Rent Control: Helps prevent physical displacement by stabilizing rents.
Support Local Businesses: Grants to maintain community culture, preventing cultural displacement.
What are the three categories of factors explaining homelessness?
Structural Factors: Economic and societal issues (e.g., inadequate income, housing discrimination).
System Failures: Gaps in care systems, like poor discharge planning from hospitals.
Individual/Relational Factors: Personal crises like job loss or family violence.
Describe the three types of homelessness.
Temporary: Short-term, situation-based.
Episodic: Moves in and out of homelessness.
Chronic: Homeless for a year or longer.
What are two solutions for temporary homelessness?
Short-Term Housing Assistance
Job Placement Programs
Explain two ways to address episodic homelessness.
Affordable Housing Initiatives
Support Services (mental health, addiction counseling)
How can chronic homelessness be addressed?
Permanent Supportive Housing
Comprehensive Healthcare Access
Describe four types of displacement due to gentrification.
Physical: Forced to move due to higher rents.
Cultural: Loss of community identity.
Social: Feeling disconnected due to new, unfamiliar businesses.
Economic: Rising costs make the area unaffordable.
What is inclusionary zoning and how can it help build affordable housing?
Definition: Policy requiring or incentivizing affordable units in new developments.
Benefits: Increases affordable homes by mandating units or offering developer incentives.
Name five challenges to providing more housing and possible solutions.
Zoning Restrictions: Revise regulations for higher-density housing.
High Construction Costs: Provide tax incentives to developers.
Slow Permit Processes: Streamline local approval processes.
NIMBY Opposition: Engage communities early on benefits.
Limited Funding: Increase state and federal funding for affordable projects.
What role does RealPage play in housing inequality, and why is it a concern?
Role: Uses software for landlords to set rents, potentially raising them across multiple properties.
Concern: Limits affordable housing options for low-income renters, affecting 70% of the multifamily market.
DOJ Lawsuit: Accused of enabling rent coordination, violating antitrust laws.
