Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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USA – A Unique Approach to Allow low-Income families

Community and Regional Planning and Landscape Architecture professionals along with state and local politicians need to aid low-income family’s by informing them of opportunities that will allow them to become home owners in mixed-use (New Urbanist) communities. In one example a study prepared by the Social Enterprise Fund of Edmonton and Calgary, Canada creates an alternative financing source to help social enterprises provide career and economic services low-income families. The purpose of this study is to 1) illustrate the barriers present to purchase a home for low-income households when there is a lack of economic resources, analyze case studies which present the positive and negative approaches to this type of funding and 3) explore alternative financial opportunities provided by private donors that will allow for home ownership with no upfront capital. The focus of this study is on mixed-use (new-urbanist) communities that have been created to allow home ownership to low-income families throughout the U.S. Book out (1992a) believes that the real obstacle to NU projects is not with development regulations and approval bureaucracies, but with project financing. The purpose of this study is to 1) illustrate the barriers present to purchase a home for low-income households when there is a lack of economic resources, 2) analyze case studies which present the positive and negative approaches to this type of funding and 3) explore alternative financial opportunities provided by private donors that will allow for home ownership with no upfront capital. As well as to assist the professions of community and regional planning and landscape architecture with the identification of principles and/or strategies which educate and inform low-income families about ways in which home ownership can be possible. This study is a valid concern for the professions of Landscape Architecture and Community and Regional Planning because it seeks to improve planning opportunities to provide housing to needy families despite politician’s historical lack of interest in economic development. Instead of simply addressing ways in which these classes can be aided, this proposal seeks to present an alternative to the present day form of home financing. Ultimately, this study uses case study research to establish alternative forms of financial opportunities, which are available to low-income families.

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