Equity consideration of development impact fees and the effect of such fees on the price of housing for low-and moderate-income residents /
Rapid growth in many of the nation's cities has created stress on city facilities and the community 's ability to provide essential services. The cause of this stress may be linked to the inability of city revenues to keep pace with the expenditures needed to meet facility and service ne...
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| Format: | Thesis Book |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified] ;
1996.
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| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=739653851&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | Rapid growth in many of the nation's cities has created stress on city facilities and the community 's ability to provide essential services. The cause of this stress may be linked to the inability of city revenues to keep pace with the expenditures needed to meet facility and service needs of a rapidly expanding community. The 1970s witnessed several responses to this problem of rapid, uncontrolled growth. Among these were referendums limiting property tax assessment, slow- or no-growth policies, and development impact fees. In practice, a combination of these responses are used in many communities across the nation. Development impact fees, the subject of this research, has increasingly been utilized in high growth communities to offset the negative externalities wrought by rapid growth. Their continued and growing popularity has created concern by many in and outside the city planning arena. The primary charge is that such fees fall unproportionally upon the poor, and result in higher housing prices. Very limited empirical research has been completed concerning the effects of impact fees on the price of housing. This research undertakes empirical research on the effects development impact fees have on the price of housing in Loveland, Colorado, and Fort Collins, Colorado, between 1983 and 1986. In addition, this paper addresses the influence of rapid growth on the price of housing in the sampled communities. Using a hedonic price model, computer analysis determined the price of housing as a function of several independent variables which identify attributes of the house and the community. The findings of this research reveal that development impact fees increased the price of housing in Loveland, Colorado, by $1660.75. A second finding of this research is that rapid growth experienced in Loveland and Fort Collins increased the price of housing by $2652.21. This research concludes that high growth, as experienced in Loveland and Fort Collins, when married with impact fees -- a policy adopted to mitigate the externalities of growth -- tend to exacerbate the availability of affordable housing. |
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| Item Description: | Vita. "Major Subject: Landscape Architecture and Urban Planning". |
| Physical Description: | viii, 171 leaves : illustrations, maps ; 28 cm. Issued also on microfiche from University Microfilms Inc. |
| Bibliography: | Includes bibliographical references: pages 118-122. |