Neighbourhood valuation effects from new construction of low-income housing tax credit projects in Iowa: a natural experiment

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dc.contributor.author Funderberg, R
dc.contributor.author MacDonald, HI
dc.date.accessioned 2012-02-10T06:09:59Z
dc.date.issued 2010-01
dc.identifier.citation Urban Studies, 2010, 47 (8), pp. 1745 - 1771
dc.identifier.issn 0042-0980
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/17177
dc.description.abstract This paper estimates the valuation effects from new construction of low-income housing tax credit (LIHTC) projects on neighbouring single-family homes in Polk County, Iowa. The evaluative models estimate the impact from LIHTC project locations on assessed values using a 19992007 panel of neighbours and their matches, while controlling for unobserved heterogeneity. The results suggest that the siting of new low-rise, concentrated low-income LIHTC projects is associated with a 24 per cent slower rate of nearby single-family home valuation and that these effects persisted for five or more years after project approval. On the other hand, no clear valuation effect is detected when the LIHTC project is high quality and targeted to mixed-income groups. It is also found that new construction LIHTC projects serving the elderly, including assisted living, are associated with a 24 per cent faster rate of growth in neighbouring single-family home values, although the acceleration appears to be short lived. It is concluded that concentrating low-income renters in subsidised housing projects has negative consequences for neighbouring property values that might be avoided with tenant income mixing and improved site planning and design.
dc.publisher Sage Publications
dc.relation.isbasedon 10.1177/0042098009356122
dc.subject NA, Urban & Regional Planning
dc.subject NA; Urban & Regional Planning
dc.title Neighbourhood valuation effects from new construction of low-income housing tax credit projects in Iowa: a natural experiment
dc.type Journal Article
dc.parent Urban Studies
dc.journal.volume 8
dc.journal.volume 47
dc.journal.number 8 en_US
dc.publocation United Kingdom en_US
dc.identifier.startpage 1745 en_US
dc.identifier.endpage 1771 en_US
dc.cauo.name DAB.School of Built Environment en_US
dc.conference Verified OK en_US
dc.for 1205 Urban and Regional Planning
dc.personcode 0000062702 en_US
dc.personcode 108598 en_US
dc.percentage 100 en_US
dc.classification.name Urban and Regional Planning en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
dc.staffid 108598 en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group /University of Technology Sydney/Strength - Contemporary Design Practice


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