The Biden Plan: Affordable Housing and GIS

2/10/21 11:00 AM

With the transition between administrations, there are many new opportunities to use geographic information systems (GIS) to assist with the Department of Housing and Urban Development’s (HUD) affordable housing and zoning initiatives and its mission to create strong, sustainable, and inclusive communities. According to Esri, an international supplier of GIS software, more than 50 federal agencies have used GIS analysis to respond to local, state, and national concerns.

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Topics: Summit Blog, Biden plan, GIS, affordable housing

The Biden Plan: How Does Student Loan Debt Impact Homeownership?

2/8/21 11:00 AM

President Biden campaigned on the promise of offering partial forgiveness of student loan debt, a financial burden that, along with the COVID-19 pandemic, has restricted homeownership and worsened existing inequalities in the United States. In this post, we take a look at the Biden Plan as well as House Resolution 1269 and Senate Resolution 711 to find out how much each forgives and who stands to benefit the most.

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Topics: Summit Blog, Biden plan, homeownership, student loan debt

The Biden Plan: Where Will the New Tax Credit Have the Most Impact?

1/27/21 10:00 AM

As we talked about in our previous post, the Biden campaign has proposed a first-time home buyer (FTHB) tax credit of up to $15,000, which will function as a true markdown in the price of a house.

Next, we can examine the potential variation in regional impacts via a methodology utilized by Mark Keightley, PhD, an economist at the Congressional Research Service. Keightley performed an analysis of the previous FTHB tax credit that was part of the American Recovery and Reinvestment Act of 2009. He used median home price data in conjunction with estimates of price elasticity of demand—the relationship between house prices and demand for housing—to forecast growth in housing demand.

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Topics: tax credit, Summit Blog, Biden plan

The Biden Plan: What Is the New First-Time Home Buyer Tax Credit?

1/25/21 10:00 AM

The silver lining of the COVID-19 pandemic is that it provides a rare opportunity for sweeping economic reform in the new administration, and the Biden campaign ran on a promise to make quality affordable housing accessible to Americans in all ZIP codes. As part of a larger investment in American housing, Biden has proposed a first-time home buyer (FTHB) tax credit. 

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Topics: tax credit, Summit Blog, Biden plan

About the Summit Blog

Complexity simplified.

Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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