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Modular Construction: A Solution to Affordable Housing Challenges

Author
Thompson, John
Abstract
The lack of affordable housing is pervasive across the United States. It affects some locations more severely than others, with each having unique challenges. Construction and land acquisition costs are frequently cited as primary drivers of multi-family housing development, and affordability is determined by a geography’s housing costs versus its median income. This paper highlights crucial components in the connection between economic conditions, public policy, and affordable housing development. It focuses on how efficiencies in modular construction present opportunities for addressing specific challenges in Maine and will propose a strategy for public-private cooperation, particularly in the site selection process, in order to streamline the state’s affordable housing agenda.
Journal/Series
Cornell Real Estate Review
Volume & Issue:
Vol. 17
Date Issued
2019-04-25Subject
Modular Construction; Affordable Housing; LIHTC; Low Income Housing; Maine
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article