ERIC Number: EJ759391
Record Type: Journal
Publication Date: 2007
Reference Count: N/A
Does Federally Subsidized Rental Housing Depress Neighborhood Property Values?
Ellen, Ingrid Gould; Schwartz, Amy Ellen; Voicu, Ioan; Schill, Michael H.
Journal of Policy Analysis and Management, v26 n2 p257-280 Spr 2007
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.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: New York