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.