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

Datos Bibliográficos

ID4980038
AutoresEdward Bair (Bowdoin College), John M Fitzgerald, John Fitzgerald (0000-0003-0255-0957, Bowdoin College)
Año2005
Volumen22
Número6
Páginas771-786
Fecha de publicación2005-11-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaReview of Policy Research (JOURNAL)
Identificadores de la revistaISSN: 1541-132X • E-ISSN: 1541-1338
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.1541-1338.2005.00175.x
OpenAlexW2151696530
IdiomaEN
Citas recibidas11
Referencias citadas8

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