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- Creators: Barrett, The Honors College
- Creators: Dooley, Kevin
- Status: Published
This thesis will be exploring the situation of one of the most vulnerable groups during the COVID-19 pandemic, low-income renters. As businesses and whole states were shutdown, jobs and wages were lost and the over 100 million renters in the United States, many of whom spend a significant chunk of their income on their rent, were forced into a precarious situation. <br/><br/>The Federal Rent Moratorium that is currently in effect bars any evictions for missed rent payments, but these are expenses that if left unpaid, are just continuously accruing. These large sums of rent payments are currently scheduled to be dropped on struggling individuals at the end of the recently extended date of June 30th, 2021. As these renters are unable to pay for their housing, landlords lose the revenue streams from their investment properties, and are in turn unable to cover the debt service on the financing they utilized to acquire the property. In turn, financial institutions can then face widespread defaults on these loans.<br/><br/>The rental property market is massive, as roughly 34% of the American population consist of renters. If left unaddressed, this situation has the potential to cause cataclysmal consequences on the economy, including mass homelessness and foreclosures of rental properties and complexes. Everyone, from the tenants to the bankers and beyond, are stakeholders in this dire situation and this paper will seek to explore the issues, desires, and potential solutions applicable to all parties involved. Beginning with the pre-pandemic outlook of the rental housing market, then examining the impact of the coronavirus and the resulting federal actions, to finally explore solutions that may prevent or mitigate this potential disaster.
My Barrett Honors Thesis focuses on answering the question of whether a current owner of a single family home in Tempe, Arizona would receive an adequate return on investment (“ROI”) to justify adding an accessory dwelling unit (“ADU”) on their property for the purpose of generating rental income and capital appreciation. I focused my research on Tempe’s zoning regulations, ADU general contractor (“GC”) options, possible parcels, proposed construction plans and budget, and lastly, a pro forma to determine ROI. After conducting the research, discussing with several GCs, and modeling returns, I determined that unlevered ADU development constitutes a novelty, not a solid investment choice with today’s market conditions. Factors that would change this recommendation decision would include a decrease in interest rates or a tempering of construction costs.
Homelessness in America continues to increase yearly, with a recent increase of 2% between 2019 and 2020 (State of Homelessness: 2021 Edition, 2021). Housing insecure individuals often remain unhoused because they experience different barriers and setbacks to their goals of financial and housing stability. While literature has uncovered some of the unique barriers homeless communities face, a majority do not touch on some of the deeper-rooted issues within their communities nor offer solutions for how housing insecure individuals can be supported by the public. For this study, five housing insecure participants were interviewed regarding their difficulties with being homeless, how compassion has shaped their lives, and what goals they have for regaining stability and security in their lives. Two themes emerged from these interviews: barriers to trust and connection and supports for attaining stability and safety. This paper aims to expose the different issues the homeless communities encounter to better understand their hardships and needs. Additionally, this paper offers solutions to encourage support for homeless communities on individual, organizational, and governmental levels.
This study documents and explores the process of designing a device to decrease the indoor temperature and particulate matter concentration in the air of corrugated steel homes in sub-Saharan Africa. The device, named the Roof Tube, generates power from a solar panel that goes towards powering a motor that rotates blades to output a desired airflow to draw air out from the inside environment. Excess power generated goes towards charging a battery pack during the day that then powers the motor and a light (to improve indoor living quality) during the night when the solar panel cannot collect any more energy. Calculations were done to estimate the ambient indoor temperature of a model home based on the heat transfer from the sun. From this, a rough airflow was determined to offset the temperature difference between the indoor and outdoor environment. A computational fluid dynamics test was performed to determine the effectiveness of the housing design. Results from all tests displayed a low difference between outdoor and indoor temperatures leading to a low prediction of outlet airflow. The designed device prioritized effectiveness, it displaces air at 2700 cfm and charges a 54000mAh battery pack that, when solar energy generation is cut off, can power the motor and light simultaneously for on average 3.02 hours, the motor alone for 8.88 hours, and the light alone for 4.57 hours.