A reconnaissance of housing-related industries (residential mortgage lending, real estate brokerage, home repair and remodeling, property insurance, home improvement financing) in St. Joseph County, Indiana, Site II of the Housing Assistance Supply Experiment, suggests : (1) Home purchases by participants in the experimental housing allowance program are feasible, depending on the posture of mortgage lenders and insurers. (2) Efforts to bring housing up to program standards should create a market for home repair and improvement contractors without straining the industry's capacity. (3) It is difficult to judge the probable effect of realtors' policies on black and racially mixed neighborhoods. (4) Management and maintenance firms, rental agents, and insurance companies are not pertinent to the experiment. Future research will include informal local inquiries and collection of Housing Allowance Office data, and formal surveys of landlords and homeowners. Special attention will focus on the deteriorated and marginal area of South Bend's housing market.
This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
Our mission to help improve policy and decisionmaking through research and analysis is enabled through our core values of quality and objectivity and our unwavering commitment to the highest level of integrity and ethical behavior. To help ensure our research and analysis are rigorous, objective, and nonpartisan, we subject our research publications to a robust and exacting quality-assurance process; avoid both the appearance and reality of financial and other conflicts of interest through staff training, project screening, and a policy of mandatory disclosure; and pursue transparency in our research engagements through our commitment to the open publication of our research findings and recommendations, disclosure of the source of funding of published research, and policies to ensure intellectual independence. For more information, visit www.rand.org/about/research-integrity.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.