Does federally subsidized rental housing depress neighborhood property values? Export

@article{citeulike:2746848, abstract = {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.}, author = {Ellen, Ingrid G. and Schwartz, Amy E. and Voicu, Ioan and Schill, Michael H.}, citeulike-article-id = {2746848}, citeulike-linkout-0 = {http://www3.interscience.wiley.com/cgi-bin/fulltext/114177532/PDFSTART}, journal = {Journal of Policy Analysis and Management}, keywords = {economics, housing, spatial, urban}, number = {2}, pages = {257--280}, posted-at = {2008-05-02 20:17:34}, priority = {2}, title = {Does federally subsidized rental housing depress neighborhood property values?}, url = {http://www3.interscience.wiley.com/cgi-bin/fulltext/114177532/PDFSTART}, volume = {26}, year = {2007} }

TY - JOUR ID - citeulike:2746848 L3 - citeulike-article-id:2746848 N2 - 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. IS - 2 JF - Journal of Policy Analysis and Management EP - 280 TI - Does federally subsidized rental housing depress neighborhood property values? VL - 26 SP - 257 KW - economics KW - housing KW - spatial KW - urban AU - Ellen, Ingrid AU - Schwartz, Amy AU - Voicu, Ioan AU - Schill, Michael PY - 2007/// UR - http://www3.interscience.wiley.com/cgi-bin/fulltext/114177532/PDFSTART ER -