The Impact of Affordable Sustainable Housing Neighborhoods on Housing Cost Efficiency
Journal of Sustainable Development
The effect of global economic crises has greatly impacted housing market, in particularly affordable housing which suffered dramatically. Poor environmental quality, higher resident's health complications, and larger maintenance and operation bill have all been noticed as major common outcomes of such an impact. As a result, the idea of Affordable Sustainable Housing Neighborhoods (ASHN) was reformed to consider healthier lifestyle, better environmental surrounding, and higher cost efficiency.
... r cost efficiency. In this work research, an assessment of cost efficiency will be performed on these neighborhoods, in terms of shelter, utility, and transportation for better understanding and recommendations. This study will be based on both supply-side stakeholders and demand-side feedbacks. As a result of this study work, a salient discrepancy was found between supply-side and demand-side stakeholders in term of ASHN's efficiency. That is, ASHN's efficiency did not meet resident's expectations and therefore, a comprehensive assessment methodology is necessary to involve third party for cross validation purposes and facilitate interpretation of research results. Keywords: affordable housing, sustainable neighborhood, housing cost assessment, Leadership in Energy and Environmental Design for Neighborhood (LEED ND) 3) Return of investment -does ASHN guarantee low cost of operation and maintenance over lifetime (Myerson, 2007; Stone, 2006) ? Unfortunately, the promised savings of sustainability are based on theoretical calculations, or computerized models, not on a real life scenarios for affordable housing units (Langdon et al., 2004) . In addition, the majority