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Browsing by Author "Hanson, Miranda"

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    Resilient Communities Analysis of Mid-Priced Housing in the City of Minnetonka
    (Resilient Communities Project (RCP), University of Minnesota, 2012) Fowler, Megan; Hanson, Miranda; McLeester, Beatrice; Stark, Avery
    This project was completed as part of the 2012-2013 Resilient Communities Project (rcp.umn.edu) partnership with the City of Minnetonka. Homes in Minnetonka are more expensive on average than homes in surrounding communities, and the City was interested in the potential "market leakage"--that is, purchasers looking to buy a home in the Minnetonka area but ultimately choosing to buy in a neighboring community--for mid-priced housing, by assessing the current mid-priced housing market in comparison to current demand. Minnetonka project lead and community development supervisor Elise Durbin worked with students in HSG 5464: Understanding Housing Assessment and Analysis, to conduct the analysis. The students found that Minnetonka has a sufficient mid-priced housing stock, and recommended that the City target households earning the area median income for home purchase. The students' final report and presentation are available.