A popular scheme for providing affordable housing
involves the use of rental vouchers given directly to families who
choose their own market rate rental units. In this paper we present
a methodology for calculating localized economic benefits and costs
to various groups affected by a hypothetical move from inner-city
public housing to suburban Section 8 rental housing. Such a move
might occur as part of a program similar to the Gautreaux Assisted
Housing Program. Benefits and costs derived from this move can then
be used in an optimization model to compare impacts of alternative
allocations of families to certain areas in which to search for
rental housing. We apply this benefit/cost methodology to metropolitan
Chicago data and report computational results.
Michael P. Johnson, Department
of Industrial Engineering and Management Sciences, Northwestern
University Arthur P. Hurter, Department of Industrial Engineering
and Management Sciences, Northwestern University
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