1 / 17

HOUSING FORECLOSURE IN LOS ANGELES COUNTY: Need for Prevention and Assistance at the Local Level

Ada LingJun Peng 304066118 2012 Fall GIS FINAL PROJECT. HOUSING FORECLOSURE IN LOS ANGELES COUNTY: Need for Prevention and Assistance at the Local Level. Outline. Research Background and Question Data Collection and Sources Maps and Skills utilized Major Findings. Research Background.

ekram
Download Presentation

HOUSING FORECLOSURE IN LOS ANGELES COUNTY: Need for Prevention and Assistance at the Local Level

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Ada LingJunPeng 304066118 2012 Fall GIS FINAL PROJECT HOUSING FORECLOSURE IN LOS ANGELES COUNTY: Need for Prevention and Assistance at the Local Level

  2. Outline • Research Background and Question • Data Collection and Sources • Maps and Skills utilized • Major Findings

  3. Research Background • U.S. housing foreclosure crisis from 2007 to 2009: huge direct and indirect financial and social impacts • Main causes: Deregulation of mortgage loans, high percentage of high risk lending Reform Fannie Mae and Freddie Mac, Neighborhood Stabilization Program (NSP) and etc. • Micro level: homeowners and renters, neighborhoods and communities • Need and capacity at the local level in terms of preventing foreclosures, providing assistance and mitigating the impacts of relevant households • Urban spatial structure: the complex relationship among the locations of population, economic and social characteristics and activities (such as housing, racial diversity and employment experience), physical networks, and etc.

  4. Research Question • Do the existing housing counseling agencies in Los Angeles County have a good service coverage? What is the next step? • Identify areas that need most help in terms of prevention and assistance • Propose optimal locations for additional counseling agencies • Examine social, economic and demographic data of the new service area to provide insights on designing the services provided and staffing of the new agencies

  5. Overview: housing crisis

  6. Study area: LA County Foreclosure data • estimated_number_foreclosures estimated count of foreclosure starts over 18 months from Jan 2007 through June 2008. • estimated_foreclosure_rate - number of foreclosure starts divided by number of mortgages times 100. • Mortgage Bankers Association National Delinquency Survey, estimated by the HUD model • *Original Data

  7. Current status: need & supply

  8. Existing Housing Counseling Agencies Serving LA County • Operation Hope,INC (English, Spanish) • Shalom Center for T.R.E.E. of Life (English Only) • NID-HCA (English Only) • West Angeles Community Development Corp. ( English.) • East Los Angeles Community Corporation (ELACC) (Spanish)   • Korean Churches for Community Development (Korean)   • Los Angeles Neighborhood Housing Services (English, Spanish) • ClearPointCredit Counseling Solutions (English, Spanish)   • New Economics For Women (English, Spanish) Source:http://housing.lacounty.gov/ForeclosureResources.html *original data

  9. Demographic characteristics • Racial Majority Index • Majority defined as the group having the largest percentage of total population • White alone • Asian-Pacific Islander alone • Black alone • Hispanic • Having two or more races • Some other race alone

  10. Social economic characteristics in relation to # of foreclosures • Index of “the Needy” • Percent of families below poverty line-- 50% • Percent of population having less than high school education-- 50%

  11. Need Index Proposed new locations • Problem: • Find the most suitable location for additional housing counseling centers • Parameters : (equal weight) • Supply: Far from existing centers • Needs: # of foreclosures • Indexof the Needy (social, economic factors) • Identify the area with the greatest need for additional housing counseling agencies

  12. Need Index Proposed new locations • Located the detailed locations based on geographic information in the top 2 hot spot areas

  13. Model & Hot Spot Analysis • Build model Convert to Raster  Index and Reclassify Weight and Index  Hot spot analysis

  14. Network analysis—Service Area Analysis • Use Geocodingto place the proposed 2 new locations • Use Service Area Analysis to determine the new service area within 15 and 30 minutes drive

  15. Look at the detailed demographics…. • Relatively young with a mean age around 30 • More female • Majority White and Hispanic • ~ 10 to 30% foreign born

  16. Main Findings • Huge spatial disparity in terms of the locations of housing counseling agencies in LA County • Severe need for additional agencies in Lancaster and Palmdale • Social, economic and demographic data provides great insights on the design for new agencies. • Implications: provide both Spanish and English, online services, legal assistance and etc.

  17. The End

More Related