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Hedonic Estimation and Policy Significance of the Impact of Hope VI on Neighborhood Property Values

Bibliographic Data

ID4980038
AuthorsEdward Bair (Bowdoin College), John M Fitzgerald, John Fitzgerald (0000-0003-0255-0957, Bowdoin College)
Year2005
Volume22
Issue6
Pages771-786
Publication date2005-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueReview of Policy Research (JOURNAL)
Journal identifiersISSN: 1541-132X • E-ISSN: 1541-1338
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1541-1338.2005.00175.x
OpenAlexW2151696530
LanguageEN
Citations received11
References cited8

HOPE VI was designed as a program to revitalize distressed public housing. This study uses hedonic methods to test whether projects that are rebuilt with HOPE VI funds have a positive effect on surrounding property values. Comparisons are made between HOPE VI and other types of public housing programs using data on property values by census block groups from the 2000 census. We find that HOPE VI had a statistically significant positive impact on surrounding property values on the order of 8-10% for every quarter-mile closer that a housing unit was located to the development. Other public housing developments were found to have little if any effect on property values

Archaeology · Census · Economic growth · Economics · Geography · Mathematics education · Mile · Property value · Public economics · Public housing · Regional science · Residential property · Sociology · Demography · Housing Market and Economics · Housing, Finance, and Neoliberalism · Mathematics · Urban, Neighborhood, and Segregation Studies · Finance

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    Open Access•James C Fraser, James Fraser et al.•Geography Compass•2008

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    Open Access•James Hanlon•Environment and Planning A…•2010

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    Sandra J Newman, Ann B Schnare•Housing Policy Debate•1997

  • Hedonic Estimation of Housing Market Prices

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Unique citing works11
Citations per year0,61
Citation span2008 - 2023 (16)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 9
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