| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22204 |
| 来源ID | Working Paper 22204 |
| Who Wants Affordable Housing in their Backyard? An Equilibrium Analysis of Low Income Property Development | |
| Rebecca Diamond; Timothy McQuade | |
| 发表日期 | 2016-05-02 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We nonparametrically estimate spillovers of properties financed by the Low Income Housing Tax Credit (LIHTC) onto neighborhood residents by developing a new difference-in-differences style estimator. LIHTC development revitalizes low-income neighborhoods, increasing house prices 6.5%, lowering crime rates, and attracting racially and income diverse populations. LIHTC development in higher income areas causes house price declines of 2.5% and attracts lower income households. Linking these price effects to a hedonic model of preferences, LIHTC developments in low-income areas cause aggregate welfare benefits of $116 million. Affordable housing development acts like a place-based policy and can revitalize low-income communities. |
| 主题 | Public Economics ; Taxation ; Regional and Urban Economics ; Regional Economics ; Real Estate |
| URL | https://www.nber.org/papers/w22204 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579878 |
| 推荐引用方式 GB/T 7714 | Rebecca Diamond,Timothy McQuade. Who Wants Affordable Housing in their Backyard? An Equilibrium Analysis of Low Income Property Development. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22204.pdf（962KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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