Does federally subsidized rental housing depress neighborhood property values
Bibliographic Data
| ID | 11684199 |
|---|---|
| Authors | Ingrid Gould Ellen (0000-0002-6127-633X, New York University, corresponding author), Amy Ellen Schwartz (New York University), Ioan Voicu (New York University), Michael H Schill |
| Year | 2007 |
| Volume | 26 |
| Issue | 2 |
| Pages | 257-280 |
| Publication date | 2007-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Policy Analysis and Management (JOURNAL) |
| Journal identifiers | ISSN: 0276-8739 • E-ISSN: 1520-6688 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/pam.20247 |
| OpenAlex | W1543497365 |
| Language | EN |
| Citations received | 30 |
| References cited | 8 |
Few communities welcome federally subsidized rental housing, with one of the most commonly voiced fears being reductions in property values. Yet there is little empirical evidence that subsidized housing depresses neighborhood property values. This paper estimates and compares the neighborhood impacts of a broad range of federally subsidized rental housing programs, using rich data for New York City and a difference‐in‐difference specification of a hedonic regression model. We find that federally subsidized developments have not typically led to reductions in property values and have, in fact, led to increases in some cases. Impacts are highly sensitive to scale, though patterns vary across programs. © 2007 by the Association for Public Policy Analysis and Management
Business · Demographic economics · Economic growth · Economics · Geography · Political science · Property value · Public economics · Public housing · Rental housing · Renting · Residential property · Scale (ratio · Subsidized housing · Subsidy · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Law · Urban, Neighborhood, and Segregation Studies · Finance
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| Unique citing works | 30 |
|---|---|
| Citations per year | 1,67 |
| Citation span | 2008 - 2025 (18) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 30 |