Revitalizing inner-city neighborhoods: New York City's Ten-Year Plan

Michael H. Schill, Ingrid Gould Ellen, Amy Ellen Schwartz, Ioan Voicu

Research output: Contribution to journalArticle

41 Scopus citations

Abstract

This article examines the impact of New York City's Ten-Year Plan on the sale prices of homes in surrounding neighborhoods. Beginning in the mid-1980s, New York City invested $5.1 billion in constructing or rehabilitating over 180,000 units of housing in many of the city's most distressed neighborhoods. One of the main purposes was to spur neighborhood revitalization. In this article, we describe the origins of the Ten-Year Plan, as well as the various programs the city used to implement it, and estimate whether housing built or rehabilitated under the Ten-Year Plan affected the prices of nearby homes. The prices of homes within 500 feet of Ten-Year Plan units rose relative to those located beyond 500 feet, but still within the same census tract. These findings are consistent with the proposition that well-planned project-based housing programs can generate positive spillover effects and contribute to efforts to revitalize inner-city neighborhoods.

Original languageEnglish (US)
Pages (from-to)529-566
Number of pages38
JournalHousing Policy Debate
Volume13
Issue number3
DOIs
StatePublished - Jan 1 2002
Externally publishedYes

Keywords

  • Community
  • Development/revitalization
  • Housing
  • Neighborhood

ASJC Scopus subject areas

  • Development
  • Urban Studies
  • Management, Monitoring, Policy and Law

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