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Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values

Woo, Ayoung ; Joh, Kenneth ; Van Zandt, Shannon

Urban studies (Edinburgh, Scotland), 2016-09, Vol.53 (12), p.2488-2510 [Periódico revisado por pares]

London, England: Sage Publications, Ltd

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Título:
Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values
Autor: Woo, Ayoung ; Joh, Kenneth ; Van Zandt, Shannon
Assuntos: Attribution ; Causality ; Charlotte North Carolina ; Cleveland Ohio ; Credit ; Economic conditions ; Heterogeneity ; Housing ; Housing developments ; Housing market ; Housing prices ; Income ; Low income groups ; Low income housing credit ; Markets ; Neighborhoods ; Prices ; Property ; Property taxes ; Property values ; Public housing ; Real estate ; Real estate sales ; Regeneration ; Sales ; Social housing ; Tax credits ; Taxation ; United States ; Values
É parte de: Urban studies (Edinburgh, Scotland), 2016-09, Vol.53 (12), p.2488-2510
Notas: ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
Descrição: Most existing research on the impacts of the Low-Income Housing Tax Credit (LIHTC) on neighbouring property values is limited in terms of providing causal attribution and uncovering nuances in the role of housing market and neighbourhood composition. This article addresses these shortcomings by investigating the impacts of the LIHTC program in Charlotte, North Carolina and Cleveland, Ohio. Levels and trends in housing prices before and after LIHTC developments in neighbourhoods are examined based on parcel-level housing sales data from 1996 to 2007. The Adjusted Interrupted Time Series-Difference in Differences (AITS-DID) model is used to clarify the causal direction of impacts of LIHTC developments. The results show that LIHTC developments have negative impacts in Charlotte, while having upgrading effects in Cleveland. Also, these impacts vary across neighbourhoods' income heterogeneity. Thus, care should be taken when siting LIHTC developments to minimise negative impacts and enhance its use for community revitalisation across different housing market conditions.
Editor: London, England: Sage Publications, Ltd
Idioma: Inglês

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Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values

Woo, Ayoung ; Joh, Kenneth ; Van Zandt, Shannon

London, England: Sage Publications, Ltd

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