The Impact of Community Development Corporations on Neighborhood Housing Markets

Modeling Appreciation

Bibliographic Data

ID12438430
AuthorsBrent C Smith (0000-0002-6767-3432, Western Michigan University, corresponding author)
Year2003
Volume39
Issue2
Pages181-204
Publication date2003-10-16
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueUrban Affairs Review (JOURNAL)
Journal identifiersISSN: 1078-0874 • E-ISSN: 1552-8332
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.1177/1078087403253903
OpenAlexW1970749449
LanguageEN
Citations received5
References cited22

Housing investment activities of community development corporations (CDCs) can be associated with a positive impact on the residential real estate market within their respective service area. Relying on a pseudo-experimental approach, the appreciation rate of single-family housing in CDC treatment and comparison areas is tested with a traditional hedonic model with pooled data. The results suggest that the area that is served by the 12 established CDCs operating in Center Township in the city of Indianapolis experienced a higher overall appreciation in the mean residential home value from 1987 to 2000 than did a comparison area in Center Township not served by CDCs

Business · Center (category theory · Community development · Economic growth · Economics · Investment (military · Political science · Real estate · Real estate development · Residential real estate · Service (business · Value (mathematics · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies · Finance · Marketing

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