|Equation||(# families placed in transitional housing) x (% of these renters who obtain their apartment solely because of this program) x (# length of transitional housing stay) x ($ value of an efficiency apartment)|
|Explanation||This metric estimates the impact of transitional housing on avoided rental costs for homeless or housing unstable individuals. Transitional housing can be described as a home that assists people in transitioning from homelessness, substance abuse addiction, abuse in the home, or other types of poor living environments to stable housing.|
This metric measures only the value of the housing provided. Other benefits from reduced substance abuse or homelessness are estimated using other metrics.
Number of individuals placed in transitional housing: Reported by program
Percent of these adults who avoid homelessness due to the program: [0.52], for programs serving individuals at imminent risk of homelessness (e.g. individuals coming from shelters, or with eviction notices and no feasible housing alternative), we assume a 100% rate of effectiveness. To this number, we subtract the percentage of homeless individuals in the Twin Cities metropolitan area who are on a waiting list for any public housing, Section 8 housing, or some other type of housing that offers financial assistance as a counterfactual [48%] (Wilder Research, 2016).
Number of transitional housing stays: [# Months], estimated using data from program participants
$ value of an efficiency apartment: [$1,161], average monthly rent for apartments in the Twin C metropolitan area (U.S. Department of Housing and Urban Development, 2017). Use program data whenever available.
Note: discount to present value if length of stay is more than 3 years.
|References||U.S. Department of Housing and Urban Development. (2017). Comprehensive housing market analysis. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin. Retrieved from https://www.huduser.gov/portal/publications/pdf/MinneapolisMN-comp-17.pdf.|
Wilder Research. (2016). 2015 homeless adults and children: Minnesota statewide survey data. Retrieved from http://mnhomeless.org/minnesota-homeless-study/detailed-data-interviews/2015/HennepinCountyMN_Adult2015_Tables51-67.pdf