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作者

来源

HOUSING POLICY DEBATE,Vol.27,Issue5,P.772-788

语言

英文

关键字

Financial capability; asset development; family self-sufficiency; quasi-experimental methods; ECONOMETRIC EVALUATION ESTIMATOR; LOW-INCOME HOMEOWNERSHIP; INSTRUMENTAL VARIABLES; MATCHING ESTIMATORS; BIAS; SUCCESS; REDUCTION; RESIDENTS

作者单位

[Santiago, Anna Maria] Michigan State Univ, Sch Social Work, E Lansing, MI 48824 USA. [Galster, George C.] Wayne State Univ, Dept Urban Studies & Planning, Urban Affairs, Detroit, MI USA. [Smith, Richard J.] Wayne State Univ, Sch Social Work, Detroit, MI USA. Santiago, AM (reprint author), Michigan State Univ, Sch Social Work, E Lansing, MI 48824 USA. E-Mail: santia63@msu.edu

摘要

We conduct an impact analysis of the Denver, Colorado, Housing Authority's Home Ownership Program (HOP) employing quasi experimental methodologies (i.e., nearest-neighbor matching, inverse probability weighting with regression adjustment) that permit causal inferences of program impacts with substantial confidence. HOP is an unusual, enhanced variant of the Family Self-Sufficiency program that incentivizes and assists participants' purchase of a home. We analyze whether, compared with the control group, HOP participants exhibited significantly greater earnings growth during the program, enhanced economic security, and rates of home buying. We find that participants with a high intensity of treatment showed significant improvement in all outcomes. Results are robust to model specification and insensitive to omitted variable bias typically found in the social sciences. We conclude that a well-conceived and well-executed public housing authority program aimed at building the financial, human and social assets of low-income households receiving housing assistance can yield substantial benefits to participants.