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Posted by Allegra East on Nov 21, 2016

The Affordable Housing Market and Why It Matters

affordable-housing-report-cover-finalIndianapolis is routinely recognized as one of the more affordable regional housing markets in the nation. This relative affordability lies within the eye of the beholder as Indianapolis also fares relatively poorly in income inequality. To many low-and moderate-income households, the housing of their choice may be out of reach. Urban Analyst John Marron looks more deeply into this issue in the report, The Affordable Housing Market and Why It Matters, produced in partnership with The Polis Center at IUPUI for the SAVI community information system. The central theme of the report: affordable housing encompasses a broader range of economic issues than the price of a home.

In this report, we define the terms, affordable housing and subsidized housing, and explore the drivers and interrelatedness of each. We also look at general policy challenges in creating adequate affordable housing and the reason why it is a relevant policy goal, especially for low-income families. In addition, we provide a brief examination of policy options for local governments and civic leaders who have an interest in local and regional housing policy. All of this discussion is placed alongside relevant data for Central Indiana, Marion County, and Indianapolis.

Housing affordability is measured by the cost of housing relative to income. Solutions to make housing more affordable should include solutions oriented toward promoting the development of affordable housing as well as increasing the earning potential of low- and moderate-income families. Making housing cheaper allows households to afford housing; raising incomes allows households to better afford everything. Despite its reputation, Central Indiana can do better in helping its citizens become less cost-burdened by housing.

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Posted by Allegra East on Nov 21, 2016

SAVI Magazine 2016 Financial Stability edition

emagazine-winter-2016-cover-finalFinancial stability for individuals and families is critical on many levels, providing a sense that one can, at minimum, consistently provide shelter and food. A living wage is a determining factor of economic stability; it is a path to quality education that provides marketable skills. Owning a home is often considered a reflection of a family’s financial health.

This magazine’s feature story, “A Better Foundation: Building Economic Prosperity with Truly Affordable Housing,” highlights a central theme of the report, The Affordable Housing Market and Why It Matters: that affordable housing encompasses a broader range of economic issues than the price of a home.

In addition, we share stories from area nonprofits that used SAVI data to help obtain funding for job training programs, and feature a new web tool, the community assessment and planning tool which allows users to develop custom and updatable research reports. Read now!

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Posted by Allegra East on Aug 9, 2016

What Type of Businesses are Located in Your Neighborhood? — IndyVitals Blog Series

By Tim Bailey, Data Analysis & Visualization Intern

Have you ever wondered exactly what type of businesses are offered in your neighborhood or an area in which you’d like to live and be close to your job? Interested in food services, hospitality, finance/insurance, healthcare, or retail? This information is readily available with the digital tool IndyVitals. Using the interactive map below, select an Indianapolis neighborhood to see what job sectors show up.

The shaded map represents the percentage of residents employed in their own neighborhood. You may determine the total number of jobs per neighborhood (the bubble and pie charts illustrate the actual number and the percentage of total jobs that each economic sector represents respectively for the chosen neighborhood area and all of Marion County) and you can compare the per capita income of the chosen neighborhood to that of all of Marion County. Did you enjoy this dashboard? Check out indyvitals.org to learn more about your neighborhood!

 

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