《HOUSING POLICY AND THE URBAN MIDDLE CLASS》

CHAPTER 1. CONVERTED BUILDINGS1

Introduction1

Part I: Converted Buildings and the Housing Units Created5

Part II: Neighborhoods Where Conversions Occur13

Part III: The People Who Live in Converted Units19

Part IV: Satisfaction, Inducement, and How to Encourage It30

Summary42

CHAPTER 2. NEW APARTMENT BUILDINGS53

Introduction53

Part I: Section 421 Buildings, the Apartments They Contain, and the Neighborhoods Where They Are Located58

Part II: The People Who Live in Section 421 Buildings65

Part III: Satisfaction and Inducement71

Summary82

CHAPTER 3. SALVAGED BUILDINGS AND NEW BUILDINGS: A COMPARISON91

Introduction91

Characteristics of the Buildings and Units92

Personal Characteristics of the Tenants100

Summary109

CHAPTER 4. COMMUTERS TO NEW YORK CITY-POTENTIAL CITY RESIDENTS?117

Introduction117

All Commuters119

Different Sets of Commuters125

Summary146

CHAPTER 5. THE FISCAL IMPACT OF THE J-51 PROGRAM TO ENCOURGE RESIDENTIAL CONVERSIONS151

Introduction151

Quantifying the Costs and Revenues153

The Total Cost of the J-51 Program179

Sensitivity Analysis181

Summary187

CHAPTER 6. CONCLUSIONS191

Converted Buildings193

New Apartment Buildings196

Comparison of Converted and New Buildings199

Commuters to New York City: Potential City Residents?202

The Cost of Encouraging New and Salvaged Housing204

APPENDIX A. REHABILITATION PROGRAMS SPONSORED BY NEW YORK CITY209

APPENDIX B. METHODOLOGY213

APPENDIX C. NEIGHBORHOODS WHICH CONTAIN CONVERTED BUILDINGS217

APPENDIX D. OCCUPATIONS219