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Renovation of Public Housing: Suggestions from a Simple Model

Author

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  • Michael E. Gleeson

    (School of Public and Environmental Affairs, Indiana University, Indianapolis, Indiana 46202-5152)

Abstract

This paper presents a simple model to contrast the benefit and cost of renovating public housing units against the benefit and cost of building new ones. Benefit is measured as the additional expected life created, and empirically-estimated survivor functions for housing are used to calculate maximum costs at which renovation is cost-effective relative to new construction. Actual renovation costs for an existing program are compared with calculated maximums. Results suggest that past renovation practice may not have been cost-effective relative to new construction. Possible changes in program guidelines are presented. The paper concludes with a discussion of policy implications.

Suggested Citation

  • Michael E. Gleeson, 1992. "Renovation of Public Housing: Suggestions from a Simple Model," Management Science, INFORMS, vol. 38(5), pages 655-666, May.
    • Handle: RePEc:inm:ormnsc:v:38:y:1992:i:5:p:655-666
    DOI: 10.1287/mnsc.38.5.655
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    Cited by:

    1. I M Johnstone, 1998. "The Optimum Timing and Maximum Impact of Full Rehabilitation of New Zealand Housing Stock," Environment and Planning A, , vol. 30(7), pages 1295-1311, July.
    2. I. M. Johnstone, 2001. "Periodic refurbishment and reductions in national costs to sustain dwelling services," Construction Management and Economics, Taylor & Francis Journals, vol. 19(1), pages 97-108, January.

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