Publications Tagged ‘subsidized housing’
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Data Brief
Subsidized Housing: A Cross-City Comparison
The analysis from the 2011 State of New York City’s Housing and Neighborhoods report compares federally-subsidized housing programs across the nation’s five most populous cities: New York City, Los Angeles, Chicago, Houston, and Philadelphia. New York City has the largest share of subsidized rental housing of the five cities, due mostly to its large stock of public housing. Over five percent of the city’s housing units in 2008 (almost 180,000 units) were in public housing. In addition to subsidies, more than one million units—nearly half of the rental housing stock—are rent stabilized in New York City.
The Furman Center for Real Estate and Urban Policy. May 2012.
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White Papers
State of New York City’s Subsidized Housing: 2011
To reduce the financial burden that low- and moderate-income families in New York City face, city, state and federal agencies have employed numerous subsidy programs to encourage private developers to own and manage affordable housing developments. With the cooperation of government housing agencies, the Furman Center created the Subsidized Housing Information Project (SHIP)—an online searchable database containing information on the nearly 235,000 units of privately-owned, subsidized affordable rental housing in New York City developed with major subsidy programs. This report is the first comprehensive analysis of properties in our SHIP database, and identifies opportunities to preserve affordable housing in the coming years.
Jaclene Begley, Caitlyn Brazill, Vincent Reina, Max Weselcouch. September 2011.
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Working Paper
The Low Income Housing Tax Credit and Racial Segregation
This paper addresses a critical but almost unexamined aspect of the Low Income Housing Tax Credit (LIHTC) program—whether its use (and in particular, the siting of developments in high poverty/high minority neighborhoods), is associated with increased racial segregation. Using data from HUD and the census, supplemented with data on the racial composition of LIHTC tenants in three states, we examine three potential channels through which the LIHTC could affect segregation: where LIHTC units are built relative to where other low income households live, who lives in these tax credit developments, and changes in neighborhood racial composition in neighborhoods that receive tax credit projects. The evidence on each of these channels suggests that LIHTC projects do not contribute to increased segregation, even those in high poverty neighborhoods. On net, we find that increases in the use of tax credits are associated with declines in racial segregation at the metropolitan level.
Keren Horn, Katherine O’Regan. May 2011.
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Book
How to House the Homeless
Homelessness is one of the most troubling and persistent social problems in the United States, yet experts can neither agree on its root causes nor on how to eradicate it. Is homelessness the result of individual life conditions, such as poverty, addiction, or mental illness, or is there simply not enough affordable housing? And which services are the most successful? In How to House the Homeless, editors Ingrid Gould Ellen and Brendan O’Flaherty propose that the answers entail rethinking how housing markets operate and developing more efficient interventions in existing service programs. The book critically reassesses where we are now, analyzes the most promising policies and programs going forward, and offers a new agenda for future research.
Ingrid Gould Ellen, Brendan O'Flaherty. July 2010.
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Working Paper
Can Homeownership Transform Communities? Evidence on the Impact of Subsidized, Owner-Occupied Housing Investments on the Quality of Local Schools
While recent evidence demonstrates that subsidized investments in owneroccupied housing can lead to increases in property values (Schwartz et al. 2006), the impact of such housing on other community amenities is largely unexamined. Yet, the response of local services to public investments is crucial for policy-makers and community development practitioners who view increasing subsidized homeownership as a mechanism to improve urban neighborhoods. Drawing on evidence from New York City, we examine the impact of subsidized housing on the quality of local schools by studying exogenous variation in city investments in owner and rental units. Specifically, we explore whether – and in what ways – publicly financed investments in owner- or renter-occupied housing made in the late 1980s and 1990s by the City of New York affected the characteristics and performance of local public schools. Our results suggest that the completion of subsidized, owner-occupied housing is associated with a decrease in schools’ percentage of free lunch eligible students, an increase in schools’ percentage of white students, and controlling for these compositional changes, a positive change in pass rates on standardized reading and math exams.
Ingrid Gould Ellen, Colin Chellman, Brian J. McCabe, Amy Ellen Schwartz, & Leanna Stiefel. October 2009.
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Chapter
Spillovers and Subsidized Housing: The Impact of Subsidized Rental Housing on Neighborhoods
Rental housing is increasingly recognized as a vital housing option in the United States. Yet government policies and programs continue to grapple with widespread problems, including affordability, distressed urban neighborhoods, poor-quality housing stock, concentrated poverty, and exposure to health hazards in the home. These challenges can be costly and difficult to address. The time is ripe for fresh, authoritative analysis of this important yet often overlooked sector.
Ingrid Gould Ellen. Revisiting Rental Housing (Brookings Institution Press) . December 2008.
affordable housing, neighborhoods, renters, subsidized housing
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Working Paper
The Impact of Low Income Housing Tax Credit Housing on Surrounding Neighborhoods: Evidence from NYC
In this report, we examine the neighborhood impact of low income housing tax credit developments in New York City, where 42,077 units of LIHTC housing were newly constructed or rehabilitated between 1987 and 2003.
Ellen, Ingrid Gould and Ioan Voicu. May 2007.
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Article
Does Federally Subsidized Rental Housing Depress Neighborhood Property Values?
Few communities welcome subsidized housing, with one of the most commonly voiced fears being reductions in property values. Yet there is little empirical evidence that subsidized housing depresses neighborhood property values. This paper estimates and compares the neighborhood impacts of a broad range of federally-subsidized, rental housing programs, using rich data for New York City and a difference-in-difference specification of a hedonic regression model.
Ellen, Ingrid Gould, Michael H. Schill, Amy Ellen Schwartz, and Ioan Voicu. Journal of Policy Analysis and Management, Vol. 26, No. 2 . March 2007.
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Article
The External Effects of Place-Based Subsidized Housing
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.
Schwartz, Amy Ellen, Ingrid Gould Ellen, Michael H. Schill, and Ioan Voicu. Regional Science and Urban Economics, Vol. 36, No. 6. (November 2006) . November 2006.
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Working Paper
The Impact of Subsidized Housing Investment on New York City’s Neighborhoods
At a congressional hearing in 1948, representative A.S. Mike Monroney argued that the construction of new, subsidized housing improves the surrounding neighborhood, and in so doing, raises property tax revenues. He stated: “One of the principal arguments, with which I go along, is that the establishment of a housing project in a city raises the assessed valuation for blocks around it and puts back onto the municipal tax rolls a great deal more money than is taken off by the land that is occupied by these public housing projects.” The contemporary assumption is that the production of subsidized housing, if anything, accelerates neighborhood decline – “there goes the neighborhood” is the common refrain. And 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, suggesting that publicly-funded housing investments aimed at distressed urban properties can deliver significant benefits to the surrounding community.
Furman Center for Real Estate and Urban Policy. July 2006.
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