Has Competition Led to Healthier Neighborhood Effects? A Study of Low-Income Housing Tax Credit Projects Built by Three Sectors
نویسنده
چکیده
Using a difference-in-difference hedonic regression approach, this study examines the external neighborhood effects of Low-Income Housing Tax Credit Projects built in Santa Clara County from 1987 to 2000. It finds that a majority of the LIHTC projects examined have generated significantly positive impacts on nearby property value. The impacts also vary by project size, neighborhood context, and type of developer. Low-income neighborhoods, for example, have benefited more from LIHTC developments than other types of neighborhoods. This study also finds that for-profit projects have delivered benefits similar to those of nonprofit projects, a result of both government incentives and market competition. Yet projects built by some of the largest nonprofits and the county housing authority have generated the greatest neighborhood impacts. Acknowledgement This research was supported by the Center for Local, State, and Urban Policy and Rackham Graduate School at the University of Michigan. The author takes sole responsibility for any errors in this paper. Lan Deng Assistant Professor Urban & Regional Planning A. Alfred Taubman College of Architecture + Urban Planning 2000 Bonisteel Boulevard University of Michigan Ann Arbor, MI, 48109-2069 (734) 936-0951 [email protected] Draft Do not cite without permission of author 1 Has Competition Led to Healthier Neighborhood Effects? A Study of Low-Income Housing Tax Credit Projects Built by Three Sectors Lan Deng Assistant Professor Urban & Regional Planning A. Alfred Taubman College of Architecture + Urban Planning 2000 Bonisteel Boulevard University of Michigan Ann Arbor, MI, 48109-2069 (734) 936-0951 [email protected] Oct 8, 2009 Draft Do not cite without permission of author
منابع مشابه
The Effects of Low Income Housing Tax Credit Developments on Neighborhoods.
This paper evaluates the impacts of new housing developments funded with the Low Income Housing Tax Credit (LIHTC), the largest federal project based housing program in the U.S., on the neighborhoods in which they are built. A discontinuity in the formula determining the magnitude of tax credits as a function of neighborhood characteristics generates pseudo-random assignment in the number of lo...
متن کاملAssessing Changes in Neighborhoods Hosting the Low-Income Housing Tax Credit Projects
Any opinions, findings, conclusions, or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the view of the Center for Local, State, and Urban Policy or any sponsoring agency Abstract This study examines how neighborhoods hosting the Low-Income Housing Tax Credit projects in Miami-Dade County have changed from 1990 to 2000 and how these projects ...
متن کاملWalkability, transit access, and traffic exposure for low-income residents with subsidized housing.
OBJECTIVES We assessed the spatial distribution of subsidized housing units provided through 2 federally supported, low-income housing programs in Orange County, California, in relation to neighborhood walkability, transit access, and traffic exposure. METHODS We used data from multiple sources to examine land-use and health-related built environment factors near housing subsidized through th...
متن کاملThe Effects of Prevailing Wage Requirements on the Cost of Low-income Housing
Recent California legislation extends the application of prevailing wage regulations to subsidized low-income residential construction projects. Econometric evidence based on micro data covering 205 residential projects subsidized by the California Low Income Housing Tax Credit since 1996 and completed by mid-2002 demonstrates that construction costs increased substantially under prevailing wag...
متن کاملThe Impact of Land Tenure Security on Housing Investment at Informal Settlements (The Case of Eslamabad Neighborhood, Tehran)
In recent years, tenure security has been one of the main objectives of improvement projects in urban poor settlements. Despite lots of international studies initiated in this field, it has received little attention in Iran. The main aim of this paper is to assess the influence of tenure security on the level of household investment in housing. Survey method is considered as the methodology ...
متن کامل