The Impact of Subsidized Housing Investment on New York City’s Neighborhoods

The contemporary assumption is that the production of subsidized housing, if anything, accelerates neighborhood decline – “there goes the neighborhood” is the common refrain.  Partially as a result, we’ve seen the policy pendulum swing away from place-based housing investment towards demand-side housing programs, such as housing vouchers. Through multiple studies, the Furman Center has consistently found significant, positive impacts from subsidized housing investment, suggesting that publicly-funded housing investments aimed at distressed urban properties can deliver significant benefits to the surrounding community.