The external effects of place-based subsidized housing

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

Research output: Contribution to journalArticle

80 Scopus citations

Abstract

Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

Original languageEnglish (US)
Pages (from-to)679-707
Number of pages29
JournalRegional Science and Urban Economics
Volume36
Issue number6
DOIs
StatePublished - Nov 1 2006
Externally publishedYes

Keywords

  • Development/revitalization
  • Externalities
  • Housing
  • Neighborhood

ASJC Scopus subject areas

  • Economics and Econometrics
  • Urban Studies

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