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Double Issue

Volume 19, Number 1

Mark D. Shroder
Michelle P. Matuga

Home Equity Conversion Mortgages

Guest Editor's Introduction
William Reid

Reverse Mortgage Collateral: Undermaintenance or Overappraisal?
Kevin A. Park

HECM and Property Tax Relief for Seniors
Silda Nikaj and Joshua J. Miller

Financial Sustainability and the Home Equity Conversion Mortgage: Advancing Fiscal Soundness and Affordable Financing for Senior Homeowners
Edward J. Szymanoski, Alven Lam, and Christopher Feather

Reverse Mortgage Motivations and Outcomes: Insights From Survey Data
Stephanie Moulton, Cäzilia Loibl, and Donald Haurin

The Reverse Mortgage Market in Japan and Its Challenges
Masahiro Kobayashi, Shoichiro Konishi, and Toshihiko Takeishi

The HECM Program in a Snapshot
George R. Carter III and Joshua J. Miller

Transforming Communities

Guest Editor's Introduction
William Lambe, Theresa Singleton, and Susan Wachter

Opportunity and Housing Access
Arthur Acolin and Susan Wachter

Revamping Local and Regional Development Through Place-Based Strategies
Andrés Rodríguez-Pose and Callum Wilkie

The Role of Skills and Jobs in Transforming Communities
Harry J. Holzer

Education Reform in the Post-NCLB Era: Lessons Learned for Transforming Urban Public Education
Matthew P. Steinberg and Rand Quinn

Producing Affordable Housing in Rising Markets: What Works?
Lance Freeman and Jenny Schuetz

Point of Contention: Middle-Class Subsidies

Waste of a Scarce Resource
Barbara Sard

The Goldilocks Dilemma of Moderate-Income Housing Subsidies: Finding the “Just Right” Amount for the Missing Middle
Kurt Paulsen

Fiscal Federalism and Middle-Income Housing Subsidies
Ingrid Gould Ellen

Leveraging More-Precise Governmental Support To Ensure the Middle Doesn’t Go Missing
Carol Galante

Refereed Papers

Can Administrative Housing Data Replace Survey Data?
Emily Molfino, Gizem Korkmaz, Sallie A. Keller, Aaron Schroeder, Stephanie Shipp, and Daniel H. Weinberg


Data Shop: New Public Data Available on USDA Rural Housing Service’s Single-Family and Multifamily Programs
Corianne Payton Scally and David Lipsetz

Graphic Detail: Housing Tenure and Affordability Relative to Communities of Opportunity in the Cincinnati Metropolitan Area
John C. Huggins

Affordable Design: 2016 AIA/HUD Secretary’s Housing and Urban Development Design Awards
compiled by Rachelle L. Levitt and Regina Gray

Correction: What Have We Learned About the Causes of Recent Gentrification?
Jackelyn Hwang and Jeffrey Lin



Cityscape is published three times a year by the Office of Policy Development and Research (PD&R) of the U.S. Department of Housing and Urban Development (HUD). Subscriptions are available at no charge and single copies at a nominal fee. The journal is also available on line at

PD&R welcomes submissions to the Refereed Papers section of the journal. Our referee process is double blind and timely, and our referees are highly qualified. The managing editor will also respond to authors who submit outlines of proposed papers regarding the suitability of those proposals for inclusion in Cityscape. Send manuscripts or outlines to

Opinions expressed in the articles are those of the authors and do not necessarily reflect the views and policies of HUD or the U.S. government.

Visit PD&R’s website,, to find this report and others sponsored by PD&R. Other services of HUD USER, PD&R’s Research and Information Service, include listservs, special interest and bimonthly publications (best practices, significant studies from other sources), access to public use databases, and a hotline (1–800–245–2691) for help with accessing the information you need.


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