FHCE 3300 1nd Edition Lecture 20Outline of Last Lecture I. Detroit on the EdgeII. Community VitalityIII. Local PlanningA. Planning and Community DevelopmentB. Planning and Community Development – Who? C. Planning and Community Development – ToolsD. ZoningE. Zoning OrdinancesF. Zoning RegulationsG. Use of land, buildingsH. Curb CutsI. Height and Set-backsJ. DensityIV. Types of NeighborhoodsA. Covenants (Private, Protective, Restrictive)B. Traditional SubdivisionC. Planned Unit DevelopmentD. New Urbanism/Neo-traditionalThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.E. Gated CommunitiesF. Conservation CommunitiesOutline of Current Lecture I. Physical CharacteristicsA. DensityB. Housing TypesC. Housing Age and ConditionD. LocationE. TransportationII. Types of Planned NeighborhoodsA. Traditional SubdivisionB. Planned Unit DevelopmentC. New Urbanism/Neo-traditionalD. Gated CommunitiesE. Conservation CommunitiesIII. When Planning Doesn’t Always Lead to Improved Quality of LifeA. Low-density Neighborhoods1) Suburbs2) ChallengesB. AffordabilityC. Annual Household Gasoline ExpensesD. Not Just About HousingE. Neighborhoods – Post-foreclosureF. Possible Future Problems for Suburbs?G. Sustainable SuburbsH. Housing MarketsI. Buyer’s MarketJ. Seller’s MarketK. Rental Markets1) Vacancies and RentsCurrent LectureI. Physical Characteristics- Density- Type of housing and where it’s located- Age of housing stock- Types of business/retail and where it’s located- Transportation optionsA. DensityB. Housing TypesC. Housing Age and Condition D. LocationE. TransportationII. Types of Planned NeighborhoodsA. Traditional Subdivision- Assure standards, protection for buyers- Built on raw land – regulations often included in the comprehensive plan- Regulations include: Public utility installation or easements Lot and block size Location, width and surfacing of streets Areas for public use (parks, schools)B. Planned Unit Development- Mix of land uses and housing types, mixed density- Setbacks, use of land typically varies more than a subdivision- Developer works with local gov’t- Include a homeowner’s association- More efficient use of land, may be more profitableC. New Urbanism/Neo-traditional- Neighborhoods have a well-defined edge, focused center- Higher density- Walkable, use of traditional home designs with porches- Business, transportation usually integrated into neighborhoods- May also be a planned unit developmentD. Gated Communities- Small neighborhoods enclosed with fence and restricted neighborhood entrance- May be lifestyle or prestige communities- Enhance feelings of safety, provide strong sense of community within, sometimes at expense of larger community- Planned unit developments- Increasingly popularE. Conservation Communities- Incorporate sustainable housing and neighborhood design- Preserve outstanding land features- Planned unit developmentIII. When Planning Doesn’t Always Lead to Improved Quality of LifeA. Low-Density Neighborhoods1) Suburbs- Americans have a strong preference for suburban living- Suburban residents report highest levels of satisfaction - Environmental impact- Transportation costs threaten economic viability of suburban living Rising gas prices Cost of owning, maintaining a car2) Challenges- Difficult to add mass transit- Infrastructure costs- AffordabilityB. Affordability- Affordability = housing + transit yellow = less than 45%, blue = more than 45%C. Annual Household Gasoline Expenses- AtlantaD. Not Just About Housing- Demographic changes- Local and regional economyE. Neighborhoods – Post-foreclosure- Planners will need to adapt to changing demographics and preferences- Demographics working against suburban communities Baby boomers – preferences for urban living as empty nesters  Gen. Y – preferences for urban living, waiting longer to form families, fewer children Mismatch between housing stock and population- Projected surplus of 22 million large-lot homes (built on 1/6 of an acre or more) by 2025 40% of the large-lot stock that exists today F. Possible Future Problems for Suburbs?- Drop in housing prices- Migration of low-income families from cities- Conversion of single-family homes to rental unitsG. Sustainable Suburbs- Affluent communities- Proximity to central city- Walkable downtowns- Access to rail linesH. Housing Markets- Housing is Consumer good that is durable  In a fixed location- Housing markets are local, there is no uniform national housing market- Looking at the national level is deceptive, masks local discrepancies Housing markets are segmented, differing widely by region and community Differences in prices within local areas, towns and cities and regions Average price tells us something about the economic situation of area Prices also reflect the characteristics of the community, housing stockI. Buyer’s Market- When demand for housing is weak, there is a glut of properties available on market- Potential buyers have power and should be able to negotiate a price that is lower than asking price- Sellers in financial trouble may need to sell their property quickly, making the situation for buyers even