The Effects of Low Income Housing Tax Credit Developments on Neighborhoods.
The Effects of Low Income Housing Tax Credit Developments on Neighborhoods.
复制标题
低收入住房税收抵免发展对社区的影响。
DOI：
10.1016/j.jpubeco.2009.01.001
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发表时间：
2009
影响因子：
9.8
通讯作者：
Marion,Justin
中科院分区：
文献类型：
--
作者：
Baum-Snow,Nathaniel;Marion,Justin
本文评估了由低收入住房税收抵免 (LIHTC)（美国最大的基于联邦项目的住房计划）资助的新住房开发项目对其所在社区的影响。将税收抵免幅度确定为邻里特征函数的公式中的不连续性会导致类似人口普查区中建造的低收入住房单元数量的伪随机分配。获得高出 30% 税收抵免的项目的地区，在每片地区 7 个单位的基础上，多获得约 6 个低收入住房单位。这些额外的新低收入开发项目导致房主营业额上升，提高了经济衰退地区的房产价值，并减少了收入分布第 30% 附近社区中产阶级化地区的收入。 LIHTC 单位显着挤出了高档化地区附近的新租赁建筑，但不会取代稳定或衰退地区的新建筑。
This paper evaluates the impacts of new housing developments funded with the Low Income Housing Tax Credit (LIHTC), the largest federal project based housing program in the U.S., on the neighborhoods in which they are built. A discontinuity in the formula determining the magnitude of tax credits as a function of neighborhood characteristics generates pseudo-random assignment in the number of low income housing units built in similar sets of census tracts. Tracts where projects are awarded 30% higher tax credits receive approximately six more low income housing units on a base of seven units per tract. These additional new low income developments cause homeowner turnover to rise, raise property values in declining areas and reduce incomes in gentrifying areas in neighborhoods near the 30th percentile of the income distribution. LIHTC units significantly crowd out nearby new rental construction in gentrifying areas but do not displace new construction in stable or declining areas.