Impact of Innovative Financing Tools on the Production of In-Fill Housing and Reduction in VMT
Contact
Principal Investigator/Author: Shishir Mathur
Contractor: San Jose State University
Sub-contractors: Cal Poly, San Louis Obispo
Contract Number: 21SCT011
Project Status: Active
Relevant CARB Programs: Sustainable Communities & Climate Protection Program
Topic Areas: Sustainable Communities, Vehicle Miles Traveled (VMT) Reduction & Climate Goals, Land Use & Transportation Research, Climate Change
Research Summary:
This project will examine how much housing can be built and the reduction in vehicle miles traveled (VMT) from the following three housing finance programs: (1) An employer-assisted housing (EAH) partnership program, (2) A loan loss guarantee program, and (3) A pre-development revolving loan fund. The objectives include an understanding of each tool and the likelihood of their adoption, a comparative estimation of the impact of a hypothetical $100 million investment in each tool on the production of in-fill, affordable housing, and the likely reduction in VMT of each tool.
Keywords: infill housing, affordable housing, transportation and land use, sustainable communities, vehicle miles traveled (VMT), loan-loss guarantee program, pre-development revolving loan fund, employer-assisted housing program