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作者

来源

HOUSING POLICY DEBATE,Vol.27,Issue2,P.282-305

语言

英文

关键字

Low-income housing; neighborhood; development/revitalization; TAX CREDIT DEVELOPMENTS; PROPERTY-VALUES; NEW-YORK; CRIME; IMPACTS; PROGRAM; PROJECTS; POVERTY; NIMBY

作者单位

[Horn, Keren Mertens] Univ Massachusetts, Dept Econ, Boston, MA 02125 USA. [Verrilli, Ann] Citizens Housing & Planning Assoc, Boston, MA USA. Horn, KM (reprint author), Univ Massachusetts, Dept Econ, Boston, MA 02125 USA. E-Mail: Keri.nicole.dillman@nyu.edu

摘要

Ever-scarce affordable housing production resources, in addition to their primary function of providing housing for those in need, are increasingly enlisted for the dual goals of strengthening distressed communities and increasing access to higher opportunity neighborhoods. Information on spillovers can inform investment decisions over time and across communities. We leverage recent, high-quality research on neighborhood effects of Low-Income Housing Tax Credit (LIHTC) production, synthesizing evidence according to neighborhood context. We also summarize the evidence on project features moderating impacts of publicly subsidized, place-based rental housing, in general. We conclude that context matters. Producing LIHTC housing in distressed neighborhoods positively impacts the surrounding neighborhood-in terms of modest property value gains and increased safety. By contrast, higher opportunity neighborhoods experience small property value reductions, and no impacts on crime. Big questions remain, however, about impact heterogeneity-via tenant mix, property design, and ongoing property management, as examples-with the scarcity of systematic data representing one of the field's largest constraints.