Assessing the property value impacts of the dispersed subsidy housing program in Denver Export

@article{citeulike:2746861, abstract = {This study tests the hypothesis that the acquisition of existing property by the public housing authority and its subsequent rehabilitation and occupancy by subsidized tenants significantly reduced the property values of surrounding single-family homes in Denver during the 1990s. This assessment examined pre- and post-occupancy sales, while controlling for the idiosyncratic neighborhood, local public service, and zoning characteristics of the areas in order to identify which sorts of neighborhoods, if any, experienced declining property values as a result of proximity to dispersed housing tenants. The analyses revealed that proximity to a subsidized housing site generally had an independent, positive effect on single-family home sales prices. The most notable exception to this pattern occurred in neighborhoods more than 20 percent of whose residents were black. Proximity to dispersed public housing sites in these neighborhoods resulted in slower growth in home sales prices in an other-wise booming housing market and suggest a threshold within vulnerable neighborhoods whereby any potential gains associated with rehabilitating existing units are offset by the increased concentration of poor residents.}, author = {Santiago, Anna M. and Galster, George C. and Tatian, Peter}, citeulike-article-id = {2746861}, citeulike-linkout-0 = {http://www3.interscience.wiley.com/cgi-bin/fulltext/77002277/PDFSTART}, journal = {Journal of Policy Analysis and Management}, keywords = {economics, housing, spatial, urban}, number = {1}, pages = {65--88}, posted-at = {2008-05-02 20:23:35}, priority = {2}, title = {Assessing the property value impacts of the dispersed subsidy housing program in Denver}, url = {http://www3.interscience.wiley.com/cgi-bin/fulltext/77002277/PDFSTART}, volume = {20}, year = {2001} }

TY - JOUR ID - citeulike:2746861 L3 - citeulike-article-id:2746861 N2 - This study tests the hypothesis that the acquisition of existing property by the public housing authority and its subsequent rehabilitation and occupancy by subsidized tenants significantly reduced the property values of surrounding single-family homes in Denver during the 1990s. This assessment examined pre- and post-occupancy sales, while controlling for the idiosyncratic neighborhood, local public service, and zoning characteristics of the areas in order to identify which sorts of neighborhoods, if any, experienced declining property values as a result of proximity to dispersed housing tenants. The analyses revealed that proximity to a subsidized housing site generally had an independent, positive effect on single-family home sales prices. The most notable exception to this pattern occurred in neighborhoods more than 20 percent of whose residents were black. Proximity to dispersed public housing sites in these neighborhoods resulted in slower growth in home sales prices in an other-wise booming housing market and suggest a threshold within vulnerable neighborhoods whereby any potential gains associated with rehabilitating existing units are offset by the increased concentration of poor residents. IS - 1 JF - Journal of Policy Analysis and Management EP - 88 TI - Assessing the property value impacts of the dispersed subsidy housing program in Denver VL - 20 SP - 65 KW - economics KW - housing KW - spatial KW - urban AU - Santiago, Anna AU - Galster, George AU - Tatian, Peter PY - 2001/// UR - http://www3.interscience.wiley.com/cgi-bin/fulltext/77002277/PDFSTART ER -