The External Effects of Place-Based Subsidized Housing PDF

Publication Date: February 2005

Publisher: Furman Center for Real Estate

Author(s): Amy Ellen Schwartz; Ingrid Gould Ellen; Michael H. Schill; Ioan Voicu

Research Area: Social conditions

Keywords: neighborhoods; property values; subsidized housing; Affordable housing

Type: Working Paper


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.