Community Advantage Panel Survey

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Last modified date
  • June 2018
Creator
  • Quercia, Roberto
    • Affiliation: College of Arts and Sciences, UNC Center for Community Capital
Contributor
  • Riley, Sarah
    • Affiliation: College of Arts and Sciences, UNC Center for Community Capital
Abstract
  • The Community Advantage Panel Survey (CAPS) is an 11-year panel survey of approximately 5,000 low- and moderate–income home owners and renters fielded annually during the period of 2003-2014. The home owners who were recruited to participate in CAPS received mortgages between 1999 and 2003 through the Community Advantage Program (CAP), a secondary mortgage market demonstration program initiated in 1998 via a partnership among the Ford Foundation, Fannie Mae, and Self-Help, a non-profit lender with headquarters in Durham, NC. The participating renters were recruited to match these homeowners with respect to geographic proximity and an income ceiling. The survey collects a wide variety of information, including demographics and family formation, mobility and housing tenure choice, unemployment, wealth and asset holdings, social capital and civic engagement, and housing satisfaction. The survey period spans a full housing market cycle, comprising the housing market boom that ended in 2006, the housing market decline that ushered in the recession of 2007-2009, and the subsequent recovery. Thus, the CAPS data provide a means for researchers to answer a broad range of questions with respect to low- and moderate-income home ownership in the context of community reinvestment lending and under varied market conditions.
Methodology
  • The data are provided in the form of SAS data sets. The CAPS data are divided into two samples, one for survey participants who were home owners at the beginning of the survey period and received CAP mortgages (i.e., owners sample) and one for survey participants who were renters at the beginning of the survey period (i.e., renters sample). Although some survey participants changed tenure status during the period of the survey, for data storage purposes each case remains part of the sample to which it was assigned at baseline. The data collected for each sample are stored in a series of year-specific SAS data sets. Each case has a unique ID number that is constant over time. The first variable in each data set provides the ID number for each case that appears in that data set. Information for all survey participants is present in the baseline data sets; the data set for each subsequent survey year contains information only for the participants who provided data in that year. The documentation available for each survey year consists of annual data collection reports, questionnaire specifications, and codebooks. This documentation provides additional information about the structure and contents of the data. SAS data transformation code is also provided to permit the cross-sectional year- and sample-specific data sets to be combined into a single panel data set.
Date of publication
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DOI
Kind of data
  • Numeric
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Resource type
  • Dataset
License
  • CC0 1.0 Universal
Funder
  • Ford Foundation
Project director
  • Lindblad, Mark
    • Affiliation: College of Arts and Sciences, UNC Center for Community Capital
Language
  • English

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