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Economics

Matthew Freedman

Poverty

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Full-Text Articles in Urban Studies and Planning

Low-Income Housing Development, Poverty Concentration, And Neighborhood Inequality, Matthew Freedman, Tamara Mcgavock Dec 2014

Low-Income Housing Development, Poverty Concentration, And Neighborhood Inequality, Matthew Freedman, Tamara Mcgavock

Matthew Freedman

Considerable debate exists about the merits of place-based programs that steer new development, and particularly affordable housing development, into low-income neighborhoods. Exploiting quasi-experimental variation in incentives to construct and rehabilitate rental housing across neighborhoods generated by Low-Income Housing Tax Credit (LIHTC) program rules, we explore the impacts of subsidized development on local housing construction, poverty concentration, and neighborhood inequality. While a large fraction of rental housing development spurred by the program is offset by a reduction in the number of new unsubsidized units, housing investment under the LIHTC has measurable effects on the distribution of income within and across communities ...