The Impact of Housing Rehabilitation on Local Neighborhoods
The Case of Small Community Development Organizations
Bibliographic Data
| ID | 2806110 |
|---|---|
| Authors | Marvin M Smith (Federal Reserve Bank of Philadelphia), Christy Chung Hevener (Federal Reserve Bank of Philadelphia, corresponding author) |
| Year | 2011 |
| Volume | 70 |
| Issue | 1 |
| Pages | 50-85 |
| Publication date | 2011-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2010.00763.x |
| PMID | 21322894 |
| OpenAlex | W1583562744 |
| Language | EN |
| Citations received | 5 |
| References cited | 14 |
Across the nation, nonprofit organizations located in poor and declining neighborhoods are promoting homeownership in the hopes that their efforts will stave off decline and contribute to neighborhood stability. A common homeownership strategy among nonprofits is to acquire boarded-up or deteriorated homes at a low price, rehabilitate them, and then sell them at an affordable price. As these programs continue, nonprofit organizations want to show quantitatively that neighborhood revitalization works—that the funds devoted to an area stabilize neighborhoods or, even more, that they initiate a surge of continued upward progress. But, unlike their larger counterparts, smaller community development organizations are usually at a disadvantage in undertaking such an evaluation. This study will help illustrate what might be done. It focuses on the case of St. Joseph's Carpenter Society (SJCS) in Camden, New Jersey and assesses the quantitative impact that SJCS has on its target neighborhoods. A three-tiered approach is adopted that ranges from a target and comparison area analysis, to regression analysis of SJCS's impact on local housing prices, and finally to an examination of the relative market performance of SJCS's houses. All told, the analysis suggests that SJCS's rehabilitation and homeownership education activities appear to have a positive influence on the neighborhoods in its target area
Affordable housing · Business · Community development · Demographic economics · Disadvantage · Economic growth · Economics · Low income housing · Political science · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
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Does Homeownership Affect Child Outcomes?
The impact of neighbors who use section 8 certificates on property values
Micro-Neighborhood Externalities and Hedonic Housing Prices
A Note on the Benefits of Homeownership
Hedonic prices, price indices and housing markets
Measuring the Benefits of Homeowning
Incentives and Social Capital
Evaluating the Quality of the Residential Environment
The Measurement of Neighborhood Dynamics in Urban House Prices
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,42 |
| Citation span | 2014 - 2020 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |