The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Who Wants Affordable Housing in Their Backyard? An Equilibrium Analysis of Low-Income Property Development
Open accessAbstract
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.
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Cites
Experimental Analysis of Neighborhood Effects
Kling, J. R., Liebman, J. B., & Katz, L. F. (2007) · Econometrica · doi:10.1111/j.1468-0262.2007.00733.x · Cited by 2,719
The effects of low income housing tax credit developments on neighborhoods
Baum-Snow, N., & Marion, J. (2009) · Journal of Public Economics · doi:10.1016/j.jpubeco.2009.01.001 · Cited by 264
Crowd out effects of place-based subsidized rental housing: New evidence from the LIHTC program
Eriksen, M. D., & Rosenthal, S. S. (2010) · Journal of Public Economics · doi:10.1016/j.jpubeco.2010.07.002 · Cited by 166
Cited by
JUE Insight: City-wide effects of new housing supply: Evidence from moving chains
Bratu, C., Harjunen, O., & Saarimaa, T. (2023) · Journal of Urban Economics · doi:10.1016/j.jue.2022.103528 · Cited by 35
Participatory Budgeting for Social Equity: A Comparative Analysis
Taylor, C. R., Afshan, S., & Lawrence, K. L. (2025) · Public Administration · doi:10.1111/padm.13055 · Cited by 18
Metadata
- Authors
- Diamond, R., & McQuade, T.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2019-06
- Volume
- 127
- Issue
- 3
- Pages
- 1063-1117
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2342890373
- Cited by
- 303
- References
- 3
- FWCI
- 30.31
- Type
- journal article
- Language
- en
- Open access
- green
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