Nonprofit Housing and Neighborhood Spillovers

Publication Date: December 2005

Publisher: Furman Center for Real Estate

Author(s): Ingrid Gould Ellen; Ioan Voicu

Research Area: Social conditions

Keywords: neighborhoods; nonprofits; renters; subsidized housing

Type: Article

Abstract:

Nonprofit organizations play a critical role in U.S. housing policy, a role typically justified by the claim that their housing investments produce significant neighborhood spillover benefits. However, little work has actually been done to measure these impacts on neighborhoods. This paper compares the neighborhood spillover effects of city-supported rehabilitation of rental housing undertaken by nonprofit and for-profit developers, using data from New York City.