The Impact of Community Development Corporations on Neighborhood Housing Markets Modeling Appreciation  

Oleh:

Smith, Brent C.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Urban Affairs Review vol. 39 no. 2 (Nov. 2003), page 181-204.
Topik: urban redevelopment; housing; community investment
Fulltext: 181UAR392.pdf (120.25KB)

Isi artikel

Housing investment activities of community development corporations (CDCs) can be associated with a positive impact on the residential real estate market within their respective service area. Relying on a pseudo-experimental approach, the appreciation rate of single-family housing in CDC treatment and comparison areas is tested with a traditional hedonic model with pooled data. The results suggest that the area that is served by the 12 established CDCs operating in Center Township in the city of Indianapolis experienced a higher overall appreciation in the mean residential home value from 1987 to 2000 than did a comparison area in Center Township not served by CDCs.

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